Whether or not to close an old credit card account is something that many people struggle with. On one hand, it is enticing to shut down an account that's not utilized as often as possible to declutter your financial life. On the other hand, you

One of the most important factors determining your trustworthiness and influences—that of loan approvals, interest rates, and insurance prices, among others—is your credit score. Knowing what your score consists of and how each activity or event

Collections Can Seriously Damage Your Credit Score If you have arrears that have been reported to the credit reference agencies, it will greatly affect your score. The fact that collection accounts appear on your credit report is a signal to

How Does Credit Application Either Before or After Affect Your Score? Whenever you apply for credit of any sort, whether it is a credit card, an auto loan, a mortgage loan, or even a store credit card, your credit score will be affected. However,

Late payments are one of the factors that can negatively impact your credit score, but it is always good to know how much of an effect it will have on your score. A credit score is central to most people’s financial lives. It influences

How Many Months Does A Late Payment Impact Your Credit Report? This accounts for one-third of your credit score, as determined by the credit scoring company FICO. For this reason, if you have late payments reflected on your credit report, it can

What is the impact of the credit utilization ratio on credit score, and how long does it last? Your credit utilization, which is the amount of credit that you are currently using compared to the total amount of credit that is available to you, is

Your credit score is an essential part of your financial life. It influences the chances of approval for new credit cards and loans, as well as the interest rates you stand to be charged. That is why it is crucial to know how specific actions can

How Do Hard Credit Inquiries Impact Your Credit Score? The lender will do a credit check on you if you apply for any kind of credit, whether a credit card, vehicle loan, mortgage, or any kind of loan. We term this a credit inquiry. Two kinds of

Boost Your FICO® Score Instantly

Contact Us Today for a Free Consultation!