Total Bankruptcy         Lexington Law         creditreport.com

Creditinfocenter Blog header image 4

Entries Tagged as 'Payment History'

Is Unpaid Credit Card Debt Still Valid After Seven Years?

April 22nd, 2011 · No Comments · Consumer Debt, Credit Reports

If you default on a credit card debt, the late pays and charge off from the default will stay on your credit report for 7 years. What about the debt? Once it comes off your credit report, do you still owe it? Credit Reporting Confusion A common misconception exists that credit card debt you owe [...]

[Read more →]

Tags: ········

Effects of Closing a Credit Card on Your Credit Score

August 24th, 2010 · No Comments · Credit Cards, Credit Reports

So you want to close a credit card but have heard that it might hurt your credit score. How much will it hurt? If I had a nickle for every time someone asked me what effect doing X or doing Y would have on their credit score, I would be able to take a very [...]

[Read more →]

Tags: ··········

How Much Credit is Too Much?

November 5th, 2009 · No Comments · Credit Cards, Credit Reports, Mortgages

When starting your credit history from scratch, rebuilding from a bad financial period in your life, or if you have long established credit history, I get this question all the time, “How much credit is too much”? Or “How many credit cards should I have to have the best credit?” This is often a difficult question to answer, due to the black box nature of Fair Isaac’s FICO credit scoring model.

[Read more →]

Tags: ···········

What Goes into Your Credit Score?

November 19th, 2008 · 1 Comment · Credit Reports

I get asked this question a lot: “If I do X, how many points will my credit score go up?” The truth is, no one knows EXACTLY, except for the creator of the FICO score, Fair Isaac and the creators of the other scoring system, VantageScore. VantageScore was created by the credit bureaus in an [...]

[Read more →]

Tags: ······