The time period when a negative account should be removed from reports is 7 years and cannot be restarted by a creditor or collection agency. If the time period is restarted then re-aging has taken place, which is illegal.
People often associate credit cards with debt. But having credit cards does not mean you have to take on debt. The truth is you need current, active credit accounts in order to rebuild credit history. Having nothing but negative credit reporting to the bureaus will not help credit scores. To rebuild credit you need positive…
Part of rebuilding credit includes adding positive credit accounts to your credit history. Credit scoring needs something other than negative credit when calculating a credit score.
One way of raising credit scores is by using less of your available credit. FICO credit scoring system rewards consumers who do not utilize their entire available credit limit.
Depending on the credit bureaus to automatically remove outdated information from credit reports is a mistake. The credit bureaus deal with billions of pieces of information daily and sometimes items get left on credit reports that should have been removed years ago. Removing outdated information from credit files is the simplest way to improve your…
The impact on lives of people without a solid credit history or no credit can be profound. Build a solid credit history with or without credit cards.
Did you know a credit card application decline is not necessarily the end of story? When you apply online for a credit card waiting for an answer can be excruciating. And, if your application is declined that sinking feeling sets in. You may even get the 7-10 day processing notice which often means a decline…
FICO groups consumers with similar credit histories together in Scorecard Buckets. These buckets can be responsible for your credit score not improving
10 Simple Strategies to raise credit scores fast. Credit scores can change every time a creditor reports new information. What if you took control of the information being reported with these 10 Strategies.
How to Improve Credit Scores: Awesome Guide that tells you what major factors are keeping your scores low and what you can do to improve credit scores.
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