How to Remove Collections from Your Credit Report

When you’re trying to fix your credit, having one or more collections can put a huge damper on getting your score on an upward trajectory. While it can be difficult to get collections removed from your credit report, it’s not impossible. The best way to get started is learning about how exactly collections affect your…

How to Remove a Repossession from Your Credit Report

How does a repossession affect your credit? Having a repossession on your credit report can be very damaging to your credit scores. A repossession may contribute to you not being able to get a loan for things like cars, credit cards, home loans, or anything else that requires a credit check. How long does a…

How to Remove a Tax Lien from Your Credit Report

How do tax liens affect your credit? Tax liens have serious consequences and not just for your credit. Unpaid tax liens can lead to tax levies – where the government comes in and seizes your property to satisfy your tax debts. This means you could lose your bank accounts, your car, or even your home…

How to Remove a Bankruptcy from Your Credit Report

Did you know that more than 500,000 Americans declare bankruptcy each year? While unfortunate, it’s helpful to know that you are not alone when it comes to dealing with a bankruptcy. Even after your bankruptcy is discharged, there is the aftermath to contend with as well; namely, repairing your credit. With so many people experiencing…

How to Remove Credit Inquiries from Your Credit Report

How long do hard inquiries stay on your credit report? Inquiries can stay on your credit report for up to 2 years. Each time an inquiry is made, it is recorded by each of the three credit bureaus – Equifax, Experian, and TransUnion. And each time an inquiry is logged, it can potentially affect your…

What Is a Good Credit Score?

Despite the impact that a good credit score can have, many people misunderstand what credit scores are and how they are calculated. Your credit affects every aspect of your life in ways that you may not expect. Having a good credit score unlocks lower rates for mortgages, car loans, and some types of insurance as…

How to Vacate a Judgment

Having a judgment as part of your public record can be hugely damaging in a number of ways, especially if it’s related to a lawsuit for collections on an unpaid debt. First, it shows up on your credit report for seven years and impacts your ability to borrow money through loans and credit cards. Not…

What Is a Credit Reporting Agency?

Credit reporting agencies are an integral part of the credit scoring process. Whether you’re working on repairing your credit, building it from scratch, or maintaining an excellent score, it’s important to understand what these agencies do and how they work. After learning the basics, you can use this knowledge to your advantage when trying to…

Voluntary Auto Repossession: How It Affects Your Credit

When you get behind on your car loan payments, it might feel like you have no options ahead of you. If you’re particularly worried about having your car forcibly repossessed by the bank, there is a way to take control of the situation. A voluntary auto repossession allows you to hand your car back to…

Charge-offs: The Facts You Need to Know

Next to bankruptcy, charge-offs are one of the most damaging items you can have on your credit report. However, the term “charge off” can be confusing and many people don’t understand what they are, or why they hurt their credit scores. The first thing to realize is that charge-offs do not free you from the…