Medical debt has always been a huge burden to the American consumer, and for a long time it has been able to substantially weaken your credit score.
Credit Repair News
Many consumers don’t realize that portions of their credit report can have a substantial influence on their insurance premiums.
You may think you will not have to worry about your credit score until you start thinking about making large financial decisions like buying a home, but it takes a long time to fix a bad score.
You may be unaware of a few surprising elements that contribute to a lower credit score
Most people know that a credit score is important for a variety of reasons. From being able to purchase a car to applying for a home loan, your financial history is assessed and scrutinized a great deal.
Credit scores have a substantial influence on your ability to do just about anything.
The Federal Reserve voted to raise interest rates a quarter point on Dec. 16. This will have little effect on homeowners with fixed mortgages, but those looking to buy should maintain clean credit to compete with others in the market for a home.
The holidays are officially over, but the rippling negative effects of all that spending are still felt in your bank account and credit report. Moving into the new year, you will likely want to get your finances back in order so things can return to normal, and you can reach your monetary goals for 2016.
Missing payments, cancelling old cards, or spending to close to your monthly limit will hurt a FICO credit score.
Identity theft is a substantial crime that can lead to a low credit score and problems in the future.