Q. I closed some credit card accounts because they were high and I have been paying them on time. By closing them, it actually hurt my credit score! Should I reopen them even if I don’t use them it it will increase my credit score?
Entries Tagged as 'Late Pays'
Closed Credit Card Accounts and My Score Went Down?
October 12th, 2010 · No Comments · Credit Bureaus and Scores, Credit Cards
Tags: Credit Cards·Credit History·Credit Score·credit scores up or down·high interest rate·Inquiries·installment tradeline·Late Pays·low interest rate credit cards
Lawsuits Against Creditors Reach Record Levels
August 19th, 2009 · 2 Comments · I'm suing those guys!
As of July 31, 2009, 5039 credit and debt related lawsuits across the USA haved been filed. In 2008, breaking the 5000 level took until October. The basis of these lawsuits were violations of the Fair Credit Reporting Act (FCRA) and Fair Debt Collections Practices Act FDCPA. The number includes lawsuits filed consumers acting as [...]
Tags: Attorney General's office·collection·Consumer Law·consumer lawsuits·Daniel A. Edelman·FCRA·FDCPA·Late Pays·litigants·violations
Overdue Consumer Debts Highest Since 1992, ABA Says
April 3rd, 2008 · No Comments · Consumer Debt
Overdue Consumer Debts Highest Since 1992, ABA Says (Update2) By Hugh Son April 3 (Bloomberg) — Consumers fell behind on car, credit-card and home-equity loans at the highest level in 15 years, another sign the U.S. economy is slowing, according to the American Bankers Association’s quarterly survey. Payments at least 30 days past due increased [...]
Tags: Car Loans·consumers·Credit card debt·Home Equity Loans·Late Pays·Loans
