How Late Payments Influence Credit Score And Credit Repair?

Defaulting on your personal or home loan EMIs can adversely affect your credit score, including steep late fees. Are you aware that past payments or payment history can affect your credit history up to the extent of 35%? Your payment, or repayment history, has the maximum impact on your credit score. Are you wondering how …

Can I Remove Closed Accounts From My Credit Report?

Although it is commonly believed that the credit report lists all your accounts, their balances, and payment statuses, you might be surprised to find that even the closed accounts can linger on the credit report for several years. Surprisingly, the accounts closed in a proper standing will stay on the credit report for ten years. …

Can Credit Limit Increase Affect Your Credit Score?

It is important to have good credit. It opens up avenues for lesser interests and it affects future loan approvals for larger purchases. Therefore, although having a bigger credit limit is better, here is what you must know for building your credit in the right manner. Two factors decide if a rise in credit limit …

How To Use Secured Credit Cards To Repair Your Credit

Have you heard about the snowball method of debt repayment? This system requires you to first place as much income as possible towards paying off your smallest debt. You’ll continue to make minimum payments on other debts. Once you’ve paid off one debt, you start working on your next smallest debt until everything is paid …

How To Improve Your Credit Score After Filing Bankruptcy

Improving your credit score and maintaining financial freedom after filing bankruptcy is possible. You need to take a few steps after filing bankruptcy. Your credit score is bound to be at its lowest if you had filed for bankruptcy recently. While taking such steps, some debts remain unpaid or partially repaid. Thus, such occurrence directly …