Your Guide to Collection Accounts on Your Credit Report
Your credit profile is composed of both your credit report and your credit score. Lenders analyze your credit profile to determine your creditworthiness and to decide whether or not to lend money or extend a credit line to you. Your credit profile also helps determine what type of rates and terms you’ll receive if you […]
Are Closed Accounts Bad for Your Credit?
Your credit report includes an assessment of your credit history. Previous spending and repayment habits help credit bureaus assign you a score that reflects your reliability to banks and other companies. But how do closed accounts figure into this? What Is a Closed Account? Credit card accounts that have been closed show up on your […]
Ensuring Your Tradelines Post
While purchasing tradelines is an excellent way to give your credit score a boost, it is not without its risks, especially in the form of posting. Unfortunately, there is a chance that the tradeline you purchase will not post to your credit reports, which is why it is essential you work with brokers who carry […]
How Did Credit Bureaus Start?
If you’ve ever checked your credit score, you’ve engaged with a credit bureau. These bureaus provide the service of analyzing individuals’ credit and how good their records are. Credit bureaus are companies that gather information about a person’s history with borrowing money. The information is used to generate a score that grades people on their […]
Common Credit Report Errors and How to Fix Them
According to the Federal Trade Commission, about 20% of people have at least one error on their credit report. Errors can lower your credit score and cost you money. If you’re trying to get a handle on your credit score, correcting errors on your report can help you get lower interest rates. Get Your Credit […]
Make Easy Money by Selling Tradelines
There is some old financial advice many people received when they became adults. Many parents are encouraged to add their kids to their credit card accounts so that they can get a jump start on building credit. It has been a proven strategy for years. Today, it is easier than ever before to utilize and […]
