When it comes to financial debt, the media has given plenty of focus to credit card debt, student loan debt, and even mortgage debt during the 2007 housing crisis. Medical debt, however, has been largely overlooked, even though it has been a leading reason for personal bankruptcy and affects approximately 2 million Americans annually. It’s … Continue reading Does Medical Debt Affect Your Credit? →
First impressions are important. In the financial realm, your credit score and credit history are the first and possibly only impression a potential lender, employer, or landlord has when deciding to approve your application. Since great credit scores don’t happen overnight, you’ll need to gradually build your credit through a variety of different methods. We’ve … Continue reading 12 Ways to Build Your Credit →
When you find an error on your credit report, it can be alarming because you realize that your credit score could be suffering from a negative item that you don’t deserve. Thanks to the Fair Credit Reporting Act (FCRA), it’s your right to dispute any incorrect or out of date items listed on your credit … Continue reading How to Dispute an Error with Equifax →
At least once a year, you should review your credit reports from the three credit bureaus to ensure all your financial account information and payment history are accurate. Occasionally, there might be a reporting error on your report that requires correction to properly reflect your credit score and history to prospective lenders, landlords, and employers. … Continue reading How to Write a Credit Dispute Letter →
A collection is when your overdue bill is sold from the original creditor (such as a credit card company or doctor’s office) to a collection agency. The debt is usually sold for just pennies on the dollar, but the creditor would rather bring in a fraction of the bill than spend the human resources and … Continue reading How to Remove Collections from Your Credit Report →