Refusal to pay a collection agency If you have unpaid dues that you have not been able to pay, it means that the original creditor will, at one point, cease trying to recover the money directly from you and instead sell your debt to a collections
How to Eliminate a Credit Account that has been Closed? One of the reasons that having a closed account on your credit report can be detrimental is that it will bring down your score. You may notice that some of these accounts remain active longer
Introduction Here, depending on the credit score that you possess, will help determine the interest rate that you will be offered when shopping for an auto loan. Credit scores are important to lenders as they help them determine whether or not a
Explanation of Debt Consolidation Debt consolidation is where a new loan is made to enable the payment of several other debts so that one has to make only one payment every month. It is usually realized by a new loan, which helps to pay off other
If a specific item on the credit report is erroneous or unverified, a 609 dispute letter—a unique letter drafted and submitted to credit bureaus like Equifax, Experian, and TransUnion—requesting the removal of that item is available. The FCRA's
What does it mean to have an ‘insufficient credit history’? If you have recently applied for a loan, credit card, or any other form of credit and the response you got was that you have a ‘thin credit file,’ this may be asking what it means
Introduction to Credit Calls Every time you seek credit—including a credit card, an auto, or a mortgage—the firm or bank will pull your credit to check your credit report. We call this a hard inquiry or a credit search. Hard queries, however,
Lexington Law is a credit repair firm that assists people in raising their credit scores by challenging adverse entries on credit reports. The company was founded in 1991, and it has helped more than 500,000 clients with credit repair services. How
What Is A Goodwill Letter? A goodwill letter, commonly known as a goodwill adjustment letter, is a particular kind of letter you may send to a lender or creditor asking that an amount owed be removed or a bad record on the credit report be removed.