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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...]

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...]

How Accurate Are Credit Score Simulators?

Your loan officer has pulled your credit and your scores are just a little short of where they need to be.  He thinks there are possibilities for an improvement so he runs a “What If Simulator” to see … [Read more...]

Is Being Debt Free a Good Idea?

You’ve sold your home, paid off the car and all your credit cards and even closed most of them. You are completely debt free! This is great…right? Well, not when it comes to your credit score. Believe … [Read more...]

What’s Not Included in a Credit Score

There is always a lot of talk about everything that IS included in credit scores, like how to make them better and what hurts them. But there is a lot of information that is not part of a credit score … [Read more...]

How Much Certain Things Will Affect My Credit Score

This is probably the biggest question we get in the credit reporting industry, “how much will (blank) affect my credit score?” You can fill in the blank with inquiry, opening a new account, closing … [Read more...]

Four Simple Rules For a Good Credit Score

Everyone knows that credit scores can be confusing; how they are calculated, what goes into them, why they change, etc. There are constant inquiries from frustrated loan officers and borrowers not … [Read more...]

When Creditors Report to the Bureaus

One of the most frequently asked questions we get regarding credit reports is: “When do creditors report to the bureaus?” There is a misconception that creditors report their information at the … [Read more...]

The FTC Provides Free Publications for Consumers

A presentation of the Did You Know Series Did you know…The Federal Trade Commission (FTC) has an abundance of free publications that you can order to help you with your credit? They offer … [Read more...]

Did You Know Series Presents: Helping Others Establish Credit

Did you know…adding your child or spouse as an authorized user on a credit card can help them establish credit? It should only be used as a stepping stone to help them establish their own credit, and … [Read more...]