Inquiries are when other creditors ask the credit bureaus for a copy of your credit report when you apply for credit. Applying for too many credit lines or credit products in a short span also brings down your credit score as it may indicate that
Introduction A bankruptcy will lower your credit score and can lead to a hard time accessing credit such as loans, mortgages, credit cards, and other credit facilities. And even if the bankruptcy is no longer apparent on your credit report after
Negative items can be defined as any items listed in your credit report that are unfavorable to your credit scores. Even if one has several negative items that appear on their credit report, the scores can drop significantly, and it also becomes
How to Freely Obtain Your Credit Report Every Year A credit report means an account of your loans and how you have been transacting in the credit market. This is something that should be done every 6 months so that one can always check whether or
How to Apply for Your Credit History Report Your credit report is a comprehensive record that includes details on your credit accounts, loan payment records, collection activity, and bankruptcy, among other pertinent occurrences. The three main
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 for which 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
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