The term ‘Rapid Rescore’ may not be new to most people, but those who have never heard of this term might be wondering what it entails. A rapid rescore is essentially a method whereby you can rebuild your credit report and change any
What income class are you in? Understanding the Middle Class? The concept of social class and one’s place within it is not simply defined by income, but it may include education level, type of work, amount of assets, and other aspects of life.
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,