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…

What Does “Derogatory” Mean on Your Credit Report?

A derogatory mark can have a major impact on your credit report, and consequently, your credit score. Both of these are major considerations anytime you go to apply for a loan or credit card, so it’s important to understand what’s hurting your credit. While just about any negative item on your credit report is considered…

Who Can Pull My Credit Report?

Only certain persons and organizations are allowed by law to pull your credit for specific reasons. The rules that govern who can and cannot pull your credit are set forth in the Fair Credit Reporting Act (FCRA). However, these rules aren’t always followed and you may be surprised to find out that unauthorized creditors or…

The 623 Dispute Method – Disputing with the Original Creditor

When the conventional method of disputing an inaccuracy on your credit report fails to yield results, the 623 dispute method may be a viable alternative to getting erroneous or unconfirmed information removed from your report. The 623 dispute method is named after Section 623 of the Fair Credit Reporting Act. It allows you to dispute…

Statute of Limitations vs. the Reporting Period on Credit Items

When it comes to understanding your credit score and credit reporting, there are a lot of terms to remember. Because of this, sometimes it’s easy to get confused when it comes to knowing your rights and how to manage your credit repair efforts. Two of the most commonly confused concepts in credit repair and credit…

5 Sneaky Ways Credit Scores Can Impact Your Life

Some people assume they don’t need to worry about their credit score because they plan to live their lives debt-free. While it’s certainly possible to get through life without using credit, there are many “hidden” areas where credit scores play a dramatic role. Here are five ways that credit scores can impact your life even…

What You Should Know Before Dealing with AFNI Collections

If you have had the displeasure of dealing with AFNI Debt Collections, you may already know some of the aggressive, unfair, and even illegal techniques they employ to try and get your money. It may seem intimidating considering that the agency collects on behalf of large companies like Verizon, Comcast, and State Farm Insurance. Fortunately,…