by admin | Jul 21, 2020 | All Blogs, Debt and Credit
Debt arises from a variety of sources: credit cards, auto loans, mortgages, Business contracts, etc. We sometimes purchase items that a Creditor can repossess after a default in payments, like cars, equipment, and even houses. These are called secured transactions....
by admin | Sep 24, 2019 | All Blogs, Debt and Credit
Most Americans have some amount of debt. Secured debt is money borrowed for an item purchased with a lien (for example a house or a car). Unsecured debt is not protected by a lien against property (for example credit card debt or a payday loan). Many of us ere not...
by admin | Mar 28, 2018 | All Blogs, Debt and Credit
People have a lot of interesting notions regarding how long bad credit “stays on your record.” Generally speaking, a creditor has 4 years to bring a lawsuit against you to recover after a default. The length can, however, be extended in a number of ways. A credit...
by admin | Mar 21, 2018 | All Blogs, Debt and Credit
Keeping good credit can be hard, and the path to establishing better credit can be mysterious. What can I do to raise my score over time? I’m glad you asked. The following 4 tips will guide you on your journey to build the FICO score you’ve been dreaming of! PAY BILLS...
by admin | Mar 13, 2018 | All Blogs, Debt and Credit
FICO (Fair Isaac Corporation), originally Fair, Isaac and Company, is a data analytics company based in San Jose, California focused on credit scoring services. It was founded by Bill Fair and Earl Isaac in 1956. The FICO Score helps lenders make accurate, reliable...
by admin | Mar 9, 2018 | All Blogs, Debt and Credit
The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (such as...
