Different consumer credit organizations utilize VantageScore and FICO scores, two credit scoring algorithms, to determine a person’s creditworthiness and capacity to repay a loan. While there are some similarities between the systems, there are also some fundamental distinctions that mean not all credit data is treated similarly. As a result, the ratings from each model …
How Are A Vantage Score And A FICO Score Different? Read More »
Credit inquiries, in general, do not have a significant impact on your credit score. There are two kinds of inquiries: hard and soft. A soft inquiry is when someone does a credit check on you for reasons other than giving you money. Soft inquiries occur when a utility provider evaluates whether they want a security …
Inquiries Aren’t a Major Factor in Your Credit Score Read More »
Many people who begin the process of repairing their credit eventually encounter one or more problems that, if not properly resolved, might make things worse. Here are the top 5 difficulties you’ll probably run into during the credit restoration procedure. 1. The Target Is Missed By Most Dispute Letter Templates Both the FCRA and the …
Five Major Issues You May Encounter While Fixing Your Credit Read More »
Is it feasible to obtain a loan while having no credit? Yes, you can acquire a loan with no or terrible credit, but lenders would most likely charge you a higher interest rate than if you had a credit history. Here are some possibilities to consider if you need a no-credit loan. Loans without credit …
If Your Debt Has Re-Aged, There Are 5 Steps You Can Take There are various options available to you if you believe (or know for certain) that your debt has been re-aged. Understand, however, that you must always be cautious about your credit. Keep track of your credit history and obtain your free credit reports …
It is smart and rewarding to pay off debt, so you may be startled to see your credit score drop after making a payment. Given that credit ratings are based on a range of criteria, the decline might have occurred for a number of reasons. After paying off debt, the most frequent reasons for a …
Why Did My Credit Score Drop After Paying Off Debt? Read More »
3 Ways To Remove A Closed Account From Your Credit Report There are three ways to seek to erase a closed account from your credit report, especially if it contains erroneous information or unfavorable elements. You can either dispute false information with the credit agencies, submit a formal “goodwill letter” to seek removal, or just …
3 Ways To Remove A Closed Account From Your Credit Report Read More »
4 Options for Getting a Judgment Removed From Your Credit Report You have four options for attempting to remove judgments from your credit record. We recommend that you attempt these strategies in the order that we have listed them since we have ordered them based on their efficacy. 1. Seek court approval. Your credit report …
4 Ways To Remove a Judgment From Your Credit Report Read More »
The majority of your medical debt will no longer affect your credit score as of July 1. You’ll still have to pay it back. In a news release, Michael Pieciak, commissioner of the Vermont Department of Financial Regulation, lauded the big adjustment on medical debt by the three main credit reporting companies — Equifax, Experian, …
The Three Major Credit Bureaus Are Taking Steps To Improve Your Credit Score. Read More »
Understanding Your Credit Report What’s up family? This is your boy Ivan Hall, the credit King. It’s critical to understand what’s on your credit report in order to make sensible credit decisions. Here’s how to decipher what’s on your credit report and why it matters. Your credit score isn’t the end all be all of …
