Wait…did I really mean to say that there can be BAD consequences to disputing information on your credit report. You betcha, baby! While it is your legal right to dispute incorrect information on your credit report, it is also important to note that disputing information on your report is NOT A WAY TO AVOID ACTUAL
Seriously? I am going to write a whole article about credit inquiries ? How boring, right? Well, come on. Do I ever write anything boring or irrelevant? Although many people will tell you that inquiries have little to nothing to do with your credit score they impact your ability to get credit in other, unforseen ways.
Everyone says bad credit has to stay on your credit report for 7 years…is that true? Well, by now you all know what I think of “everyone’s” knowledge of credit. So here is the short and sweet answer…Yes, no & maybe… A creditor does not “have” to place any item on a credit report. Often
Things that Impact Credit Scores Debt The more debt you have, the higher credit risk lenders you are and the lower your score goes. Simple as that! High credit card balances One of the most important aspects of your credit score is level of credit card debt, measured by credit utilization. Having high
Credit History Credit history or credit report is a record of an individual or company’s past borrowing and repaying, including information about late payments and bankruptcy. The term “credit reputation” can either be used synonymous to credit history or to credit score. In the U.S., when a customer fills out an application for