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…
DetailsLearn How Credit Utilization Ratio Influences Credit Score Are you among those individuals who pay off their credit card balances in full every month but still mess-up with the ‘amount-owed’ portion of the credit score? According to FICO, owing money on credit accounts don’t show you as a high risk borrower. The problem arises when…
DetailsLearn How Saving Helps You Maintain a Healthy Credit Profile Many of us regard savings as a secondary need, as we have the freedom to address any expense with the swipe of a card or click of a button, ignoring the fact that credit cards entail substantial interests, while savings account cost a negligible amount,…
Details4 Reasons to Maintain a High Credit Score Even Post-Retirement “Retirement may be an ending, a closing, but it is also a new beginning.” – Catherine Pulsifer Retirement is a prize for the years you spent working and time to do things you always wanted to do for yourself, but couldn’t. Despite all the planning…
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