As we have seen, negative information including medical debts remains on the credit report for up to 7 years, read the guide below to learn how possible it is to remove it. Medical debts are therefore considered when calculating your credit score
It is very bad when one is suddenly faced with a large bill that he or she has little or no money to pay. You are already ill and on top of that, if a certain medical bill has not been paid and it is reflected on your credit report, then it is a
There are also drawbacks associated with having too many hard inquiries on your record; scores can be reduced. Each time you apply for a loan, credit card, overdraft, or any form of credit, the credit provider will assess your report to ascertain
For whatever reason, the credit provider of your credit application—including credit cards, auto loans, mortgages among others—is probably going to review your credit report. This results in a hard inquiry on your credit record, hence you should
A hard pull on credit is made every time a lender pulls your credit report in equally anytime you apply for new credit such as a credit card, auto loan, or mortgage among others. However, multiple hard inquiries within a short period are generally
TransUnion credit report obtained in once a year means that one gets an opportunity to analyze his or her credit history and possibly detect errors or fraudulent activities. Here is a guide on the process of accessing your free annual credit report
Charge-off is one of the most severe entries that can appear on your credit report and it can greatly lower your credit score as well as decrease the chances of getting approved for a loan or a credit card. This is where a creditor deems that you
Bankruptcy is a process that should be taken very seriously because it will reflect on your credit report for several years. Chapter 7 bankruptcy also keeps its record with the credit reporting bureau for 10 years from the actual filing of
Introduction This is a clear indication that late payments when included in your credit report, greatly affect your score. Having some of your payments made past the due date indicates to the credit reference that you once failed to make the payment