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Is COVID19 Affecting Your Credit?

Is COVID19 Affecting Your Credit?

Since April 2020, due to the pandemic, many consumers started experiencing financial hardship. Many consumers were laid off, lost employment, or had reduced hours of work resorting to little or no income available. Nowadays, most households need two incomes on average...

Credit Mix???

Credit Mix???

When creditors asses your credit file, the better you are at managing different loans and lines of credit, the lower the risk you represent when applying for more credit. One of the five key factors in your credit score is your Credit Mix. This factor, which counts...

How Long Does Credit Repair Take?

How Long Does Credit Repair Take?

The time it takes to repair your credit can vary widely, depending on a number of factors – from how many mistakes you have to fix to what you want to accomplish once your credit is fixed. Since people often repair their credit with a specific goal in mind – like...

Should I Pay My Collection Accounts?

Should I Pay My Collection Accounts?

If you do not pay your creditor, credit card, or other debt, the lender may decide to send your file to a collection agency. A collection agency’s’ job is to call you and take whatever measures they decide are necessary to collect the money. They want to collect...

Can A Repossession Be Removed from Your Credit Report?

Can A Repossession Be Removed from Your Credit Report?

Yes, if you have a repossession in your credit history you have a few options to remove this negative item from your credit report. You could try to remove the repossession yourself, or you could hire a professional credit repair company to help remove the negative...

Should I apply for new credit to improve my score?

Should I apply for new credit to improve my score?

New credit takes up 10% of your overall credit file. When deciding whether to pay cash or finance, it is important to take into consideration your short- and long-term credit goals. Applying for new credit will definitely put a ding on your points for several reasons....

How Does Credit Repair Work?

How Does Credit Repair Work?

Credit repair is typically a year long process that is designed to gradually raises your credit score. A credit score or FICO score is a number that reflects your creditworthiness. The higher the number, the better. If you want any type of loan or credit card, you’ll...

Can old open credit accounts help my credit at all?

Can old open credit accounts help my credit at all?

As you may already know, 15% of your overall credit score is made up by your Length of Credit History. This means that the longer you have been entrusted with credit and you have responsibly used it, the better candidate for new credit you are. This number, although...

Shopping for a New Home?

Shopping for a New Home?

In 2020 the housing market has seen an increase in requests for loans. Oddly you might expect a decrease due to the pandemic. Not so according to many lenders. Lenders have shared with us that consumers that were other wise cautious to get into a mortgage are now...