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Late Payments and Revolving Balances

Late payments and revolving balances are the two things that can do the most damage to a credit score. Having a late payment show up on your credit report probably makes sense but can revolving … [Read more...]

How Does a Divorce Affect Your Credit?

Divorce, in and of itself has no bearing on your credit.  However, if you have joint accounts with your ex you could be in for trouble, even if debts are listed in the divorce decree as being the … [Read more...]

Big Changes Coming For Credit Reporting Agencies

Thanks to a 2015 settlement agreement between the New York Attorney General and the three credit reporting agencies, some important changes are on the way in regards to credit reporting. An additional … [Read more...]

Reading a Credit Report

Credit reports can be very confusing to read at times. There is a lot of information to decipher, codes that may not always make sense, etc. There are some basic things to know that may help when you … [Read more...]

What Exactly is a Rescore?

A “Rescore” is the updating of information on a credit report at the bureau level in an expedited manner. It is not credit repair and it is not a manipulation of the credit report. Eventually the … [Read more...]

How Safe is Your Child’s Identity?

In this day and age everyone has been taught at least a few ways to protect their identities against theft. But what about your children’s identities? Social security numbers are issued at birth and … [Read more...]

Bankruptcy and Credit

The amount of consumers that file bankruptcy each year continue to decline since new laws went into effect in 2005 tightening the requirements for a consumer to be able to file. The numbers that still … [Read more...]

The Equifax Breach – What You Need to Know

So you’ve found out you were one of the 143 million people who were possibly compromised by the Equifax breach. What exactly does that mean and what should you do now? What it means is that hackers … [Read more...]

FICO Score, FAKO Scores and FICO 09

FICO scores can be confusing to say the least. In reality a person has many different FICO (Fair Isaac Company) scores depending on what they are applying for and the codes that are being used to pull … [Read more...]

Revolving Accounts – What You Need To Know

Revolving balances play an important role in your credit score calculation. The total of your revolving debt makes up about 30% of your credit score. Balances on installment loans don’t have any … [Read more...]