Remove Late Payments from Your Credit With a Goodwill Letter A “goodwill letter” can be an effective way to improve your credit score. However, it needs to be done the right way to have a chance. When you write a goodwill letter, you are essentially asking a creditor for a “break” on reported delinquency. The …
ANALYZING YOUR CREDIT REPORT It iѕ a gооd idea to lеаrn whу you nееd a сrеdit rероrt and аlѕо how tо undеrѕtаnd your credit rероrt. Thеrе may соmе a time whеn you dо not have the money on hаnd to pay for ѕоmеthing, ѕuсh аѕ аn еmеrgеnсу оr a personal opportunity that ѕuddеnlу аriѕеѕ, аnd …
Credit Scores — Building, Understanding, and Improving Them. Read More »
Bad habits are easy to fall into. A one-time exception becomes part of your routine and before you know it, you’re stuck in a rut that’s next to impossible to break out of. Bad credit habits can wreak havoc on your credit score, lead you into debt, and cause a number of other financial problems …
Founded in Atlanta in 1899, Equifax is one of the largest credit reporting agencies in the world. It’s among the three major credit reporting bureaus in the US along with Experian and TransUnion. Equifax keeps an eye on your overall credit report, monitoring applications for loans and credit cards, your repayment history, plus any bankruptcies …
The most important ongoing habit you can begin is to pay all of your bills on time because your payment history accounts for the largest portion of your credit score. Even a single 30-day late payment can cause a significant dip, so imagine how bad it could be if you regularly miss a payment. Learning …
Credit is part of your financial power. It helps you to get the things you need now, like a loan for a car or a credit card, based on your promise to pay later. Working to improve your credit helps ensure you’ll qualify for loans when you need them. Credit Origins: Reports and FICO ScoresYour …
