A collection is when your overdue bill is turned over or 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. However, the creditor would rather bring in a fraction of the bill than spending the … Continue reading How to Remove Collection Accounts from Your Credit Report →
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Credit reporting and monitoring have become ubiquitous in recent years. While credit reports have been used for decades to determine things like interest rates, credit limits, and creditworthiness when applying for a loan or credit card, they’re now used for much more. Many people don’t know that landlords run a credit check when you apply … Continue reading How to Dispute an Error with TransUnion →
It takes credit to get credit, so where do you start when you’re looking to improve your credit score? A secured credit card is a great place to start, regardless of your credit history. Whether you’ve been haunted by bad credit or simply haven’t had much credit at all, using a secured credit card is … Continue reading How to Use a Secured Credit Card to Build Credit →
If you’ve ever gotten a phone call from a collection agency, or if we’re being honest, several phone calls, since there’s never just one, you know how scary the experience can be. Not only do you owe a potentially large sum of money, but your credit report may also be in shambles. It can be … Continue reading How to Deal with Debt Collectors →
When you’re working on repairing your credit, it’s smart to know how your credit information is collected so you know where to go to look for improvement. Credit reporting agencies are private companies that collect certain types of data to create your credit report. Lenders, credit card companies, and other creditors then access this information … Continue reading What Is a Credit Reporting Agency? →