Category Archives: Credit Reports

When Will My Late Payment Disappear From My Credit Report?

Keeping up with credit card payments can sometimes feel impossible. As just one of many bills to pay, it can be easy to miss getting your payment in exactly on time each month. While your creditor may charge you a late … Continue reading

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What Happens to My Credit Score Once My Bankruptcy Has Dropped off My Credit Report?

Of all the things you can do to your credit, bankruptcy carries the single greatest negative impact because each account, marked derogatory by the bankruptcy, could drop your score along with the public record of the bankruptcy itself.  Meaning, by … Continue reading

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How Long Can a Debt Be Reported to Credit Bureaus?

Unpaid debts can put a dent in your credit score that can last for years. The type of negative item on your credit report – whether a late payment, bankruptcy or civil judgment – determines exactly how long the negative … Continue reading

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Settlement vs. Charge-Off

When it comes to credit card debt, one of the last things you want is a settlement or charge-off on your record, as it will show as a negative item on your credit report. Either one means that you’ve been … Continue reading

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Can You Lose Your House for Not Paying the Second Mortgage?

You can lose your house if you don’t pay your second mortgage, according to the Consumer Finance Protection Bureau. Your second mortgage – or any lien like a home equity loan – is secured by your home, meaning that your … Continue reading

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Three Steps for Reviewing What’s Included on Your Credit Report

Even people who’ve seen their credit report before (hopefully at least once a year) can find the information on it a bit difficult to interpret. If you’ve never reviewed your report before, that first look can be downright mystifying! A … Continue reading

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Three End of the Year Sales on Big Ticket Items

As the saying goes, he who hesitates is lost, but jumping into buying a big-ticket item without first doing your research is a sure-fire way to lose money. The sustained attack of holiday ads may have you thinking now’s the … Continue reading

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Reasons Why Multiple Credit Scores Exist

Your financial profile isn’t decided by a sole three-digit number. There isn’t one set credit score that is used to determine your credit behavior. That’s because each credit bureau develops their own unique algorithm based on several factors. As a … Continue reading

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Money-juggling Tips for the Sandwich Generation

Are you a member of the “sandwich generation?” If you are taking care of both your own parents and your children, then you are – regardless of what year you were born. As family roles continue to evolve, people live … Continue reading

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When to Start Saving for College: Immediately

When was the last time you can remember the price of something going down and staying down? It doesn’t happen often, and it’s certainly not happening in the world of higher education. Bloomberg says college costs have risen a whopping … Continue reading

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