Credit and the Law Many laws exist which govern credit. Because credit is so valuable, the government has seen fit to step in numerous times. The value of how much credit you have and the way you use it effects where you live, where you work, and other major life details. That’s because employers,...
Credit Repair Services Credit repair services exist to help people turn their poor credit score around. These services use various tactics to turn their client’s credit scores around, usually some combination of debt consolidation, assistance with budgeting, and third-party intervention with creditors. Some credit repair services operate outside the law, taking advantage of people’s...
How to Get Items Removed from Your Credit Report Your credit report contains lots of sensitive information–your current and past addresses, lots of financial and banking information, whether you’ve been sued or arrested, whether you’ve been divorced, and plenty of other sensitive information. Credit reporting companies are allowed to sell the information in your...
What Credit Score Is Considered Bad? Understanding what credit score is considered bad means understanding what a FICO score is and the ranges for FICO scores. Different kinds of loan or lines of credit require different credit scores. Taking out a small personal loan secured with collateral from your bank won’t require as high...
Improving Your Credit Report When you get stuck with a poor FICO score, it feels like there’s nothing you can do to make your financial situation better. A FICO score below 650 is like a kiss of death when it comes to taking out lines of credit. It’s difficult to get approved for lines...
How Long Does It Take to Repair Bad Credit? People with bad credit wonder just how long it takes to repair a bad credit score. Technically, you don’t repair a bad credit score, you repair your credit history. That improved credit history results in a better credit score. How long does it take to...
Credit Repair Attorneys Credit repair is a big business. Even though about half of all Americans have a good to excellent FICO score, that portion of the population with a credit score below 650 is vulnerable to credit repair scams because they want their credit to improve badly enough to try anything. Credit repair...
Consumer Credit Report The first credit cards appeared in the late 1940s and early 1950s. Flash forward to 2011, and people around the world spend more on their charge cards than they spend in cash. According to the Federal Trade Commission, more than $2 trillion worth of credit card transactions take place in America...
Breaking a Rental Agreement and Bad Credit If you’re looking for an answer to the question “What does a broken lease do to your credit rating?”, then there’s a strong chance you’ve encountered some unwelcome difficulties at your current place of residence. You’re not alone, as many renters over the years have had to...
Bad Credit Tools Bad credit is rampant in modern America, and the problem seems to be getting worse while people work long hours for mediocre pay. While bad credit is embarrassing, it can also keep you from getting hired for a job or being able to rent a place to live. Not only will...