Credit Myths

Credit Myths

When it comes to credit files and credit scores, there are tons of myths. One of the most common, if not the most popular, myth that people assume is that they have to wait for 7 years or more for items to fall off their credit report. Some people even think is 10...
“Dragging” debt???

“Dragging” debt???

Having to deal with collection accounts for 7 years is tough, very very tough. The stress of knowing you owe creditors that once helped you, the worry that you might never get out of debt given certain life circumstances, the great impact on potential employment, the...
Why Good Credit?

Why Good Credit?

As we grow up, we hear it more often than not; Don’t use too much credit, do not open too many credit cards, don’t miss any payments, do not spend more than you can afford, avoid paying with credit if you have the cash, etc. We are told all about the...
New Credit?

New Credit?

New credit makes up 10% of your overall FICO Score. Using credit has become a more noticeable trend in recent years. People tend to buy on credit more often today than in the past, making lenders more skeptical when it comes to approve credit applications. Consumers...