Goodwill letters still work even if the creditor says it is against the law to delete a negative item. It is not against the law just keep pursuing.
Timeshares are often purchased under pressure but if you do not cancel in time, timeshares can end up on credit reports as charge-off, foreclosure or both.
When a debt collector asks you to provide proof you owe a debt, don’t. It defeats the purpose of the debt validation process.
You can request a debt collector verify the amount and validity of the debt they claim is owed by you. Validation is helpful when debt is repeatedly sold.
Charged-off account does not mean the debt is no longer owed (unless you file for bankruptcy). Creditors still retain the right to collect the full amount.
If a merchant uses Telecheck to verify checks, your checks can be denied even if you have money in the bank or have never bounced a check.
Charge-offs that update monthly inflict continuous pain on credit scores. If a charge-off has an open status and amount reporting credit utilization goes up.
Credit history is practically unavoidable. It is an integral part of everyday life. Whether you are making a big purchase like a home or car, or applying for a credit card.
July 1 marked the date new rules went into effect basically removing nearly all civil judgments and some tax liens from credit reports.
ChexSystems maintains a database on consumers with bank accounts and you are entitled to see what information exists about your banking habits.