Can filing a bankruptcy improve your credit score?
Maybe. While much of the credit industry uses frightening talk of lower credit scores and inability to obtain credit or loans, the reality is that a loan of any type is always an economic transaction. To receive the loan, the lender must determine that you have sufficient income to make the necessary payments during the […]
Have you been sued on an old debt?
You may have accumulated some old credit card debts at one time and the credit card company may have attempted to collect. Maybe you were just out of school, trying to find work or were between jobs and you had little or no income. The company may have eventually given up its efforts and stopped […]
What’s in a name?
When you decide to buy something, you may decide to use a credit card or obtain a loan. But there is another option. It is known as “rent to own,” and it looks a lot like an installment loan or a revolving credit agreement. You make regular monthly payments for the item, and if you […]
Would debt consolidation really work?
Easy credit. We have all seen and heard the phrase. For most people, it is easy to obtain numerous credit cards. And each one comes with an incentive to spend. Some people can soon find themselves deep in debt and in deep trouble with those credit cards. It can be due to not keeping your […]
2 ways credit reporting errors can cause harm
Credit reporting companies are designed to provide businesses, landlords and others with information about potential consumers. They are supposed to be helpful, but in some cases they can cause a great deal of harm. Two issues that can result from an error in your credit report include resulting in higher prices and denials for victims. […]
