Paying “Minimum Amount” on Your Credit Cards? Think Again! Contrary to common notion, paying the “minimum amount” due on the credit card every month doesn’t help in clearing off debt. Many people live under the myth that a small amount paid every month is enough to keep them in the good books of lenders and…
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Credit Repair 101: Drafting an Effective Credit Report Dispute Letter Although financial experts regard a high credit score as one of the most important financial assets for any individual; many a time, credit bureaus and creditors falter in reporting important details, which affects the credit score. The good news, however, is that you have the…
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Impact of Delinquent Debt Payment on Credit Score More than one-third of Americans have one or more types of debt in collections – which implies they are behind in paying their bills – with the average debt owed by people being approximately $5,178. A delinquent debt arises from missing out a credit card payment or…
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Credit Card Cancellation: Is it a Wise Decision? A question that troubles individuals the most, when they are in the process of cleaning up credit report, is whether to ditch their old credit card. It is always better to understand how the cancellation might impact the credit score in such circumstances. Therefore, if you are…
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VantageScore Vs. FICO Score: All You Need to Know While much has been debated in various credit repair reviews regarding the importance of VantageScore over FICO Score, the former is making its presence felt in the FICO dominated credit score market for some time now. In 2014, VantageScore Solutions reported that approximately 1 billion of…
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