Credit Scores

04
Jan
How to Establish and Build Business Credit

Just like personal credit scores, businesses must have a strong credit history, a positive payment history, and a good financial track record in order to operate successfully. This guide provides detailed information about how to establish and build credit as a business owner.

Posted in: Credit Scores, Small Business Loans,
21
Dec
Does Debt Consolidation Hurt Your Credit?

Depending on how you do it, debt consolidation can impact your credit either positively or negatively. Debt consolidation done right has a minimal negative impact on your score and can actually help it in the long run. Here’s how to consolidate debt, such as multiple credit card accounts, before it’s too late.

Posted in: Credit Cards, Credit Scores, Personal Finance, Personal Loans,
13
Dec
Does Cancelling a Credit Card Hurt Your Credit Score?

Canceling credit cards can hurt your credit score. While there are some valid reasons for canceling a card – such as a high annual fee – be careful about closing old accounts because doing so can cause your credit score to drop. Closing cards also won't remove negative information from your credit report, so don't close cards to try to clean up your credit.

Posted in: Credit Cards, Credit Scores,
31
Oct
Do Late Alimony Payments Affect Your Credit Score?

Being delinquent on your alimony payments likely won’t affect your credit score – at least right away. If your payments are sent to collections, that may be reported to the credit bureaus in which case your score would take a hit.

Posted in: Credit Scores,
26
Oct
Does Delinquent Child Support Affect Your Credit Score?

Being delinquent on your child support payments likely won’t affect your credit score – at least right away. If your balance is sent to collections, that may be reported to the credit bureaus in which case your score would take a hit.

Posted in: Credit Scores,
22
Oct
Does Leasing a Car Affect Your Credit Score?

Leasing a car affects your credit score just like an auto loan will. Your lease is essentially seen as a loan and your score can increase or decrease depending on if you stay on track with payments or not.

Posted in: Credit Scores,
22
Oct
Does Checking Your Credit Score Lower It?

Does checking your credit score lower it? Contrary to popular belief, there are ways to check your own credit score without lowering it. In fact, it’s a good idea to routinely check your credit score to watch out for errors.

Posted in: Credit Scores,
20
Oct
Verizon Collections: How to Remove Them From Your Credit Report

If your Verizon account has been sent to collections and is negatively impacting your credit score, you might have options to remove the negative mark. Here’s how to take the proper steps to resolve the problem.

Posted in: Credit Scores,
19
Oct
Does Freezing Your Credit Hurt Your Credit Score?

In short – no – freezing your credit won’t affect your credit score, but there are other implications that you need to be aware of.

Posted in: Credit Scores,
19
Oct
Does a Bounced Check Hurt Your Credit?

Bounced checks happen. But as long as you quickly meet your credit and banking obligations, they typically won’t affect your credit.

Posted in: Credit Scores,