How Debt and Credit Work Together
One of the major factors that determines your credit score is how much debt you have. In fact, your credit utilization accounts for about 30% of your credit score. Let’s take a look at how this works in a little more detail.
If you are completely overwhelmed with debt, chances are that your credit score is [...]
Does a Late Payment Equal 7 Years of Bad Luck?
If you have made a late payment on your bills, you may have heard that it takes 7 long years for it to be removed from your credit report. That much is indeed true. But how bad is a late payment, really? Will it totally damage your credit score for seven long years?
The answer is [...]
American Express Late Payment: What to Do?
So, you have a late payment with American Express hanging around on your credit report, huh? Maybe it was your fault, maybe it wasn’t; but either way, now its time to do something about it.
You may have heard that you can remove late payments from your credit report; however, I am here to tell you [...]
When is a Credit Card Payment Considered Late?
Obviously, when paying a credit card bill, you should pay on it as soon as possible. However, sometimes circumstances may arise and your payment may not arrive until after the due date. So, when does a late payment actually get reported to your credit report?
Creditors will not report a late payment to your credit report [...]
How do Chase Late Payments affect My Credit Score?
If you recently had a late payments (past 30 days overdue) to Chase, you may be wondering how it affects your credit score. Unfortunately, having a late payment with Chase will cause your credit score to go down. However, there are some things that you might be able to do.
Chase reports any payment that is [...]
Remove 30 Day Past Due Payment
Are you wondering how to remove a 30 day past due payment from your credit report? This information will help you. All credit card companies consider a payment to be late when it is 30 days past due (but not before that time). This will be reported to the credit agencies and will be seen [...]
MasterCard Late Payment
Are you wondering how to handle your MasterCard Late Payment? If you have a credit card with this company, they consider a payment to be late once it is 30 days past due. So, if you have a payment that is 30 days late or more, your account may have moved to their collections department [...]
Visa Credit Collections
Having to deal with Visa Credit Card Collections can be a frustrating experience; I know it was for me. Typically, the Visa Credit Collections department will use multiple avenues to collect on any upaid debts such as by phone or mail (which is similar to Wells Fargo Collections).
Unfortunately, a Visa credit collections account will negatively affect [...]
Repair Your Credit
Its time to repair your credit. Did you recently find out that your credit score is bad? Maybe you were turned down for a credit card or maybe you pulled a free credit report from Experian and noticed that it was below 600. If so, here are a few credit repair steps that you can [...]
Repair Credit Score
Are you hoping to repair credit score? If you have ever been concerned about improving your FICO score or if you have ever been declined for a loan, this article is for you.
Your credit score is a combination of all your payment history on any loans, credit cards, mortgages, auto loans, or other obligations that [...]