In this day and age, we all run extremely busy lives. No one is an angel, and therefore, even the best of us may forget to pay our credit cards bill one month. In this post I want to discuss how much a late payment will hurt your credit score. This information is based on
Things in life, unfortunately, do not always go as planned. Sometimes due to certain circumstances (medical emergency, unemployment, financial disaster, etc.) you may find yourself with very high credit card bills. You know that there is no way you can afford the minimum payments. Unfortunately you know that your only option is to stop making payments
Bumpage The trick There used to be a trick on how to remove credit inquiries though a process called bumpage. It worked as follows: Transunion designated enough room on a credit report for only 66 credit pulls. Equifax designated place for up to 85 credit pulls. (Experian did not have a maximum so this trick
Credit utilization is one of the big factors that credit scoring models look at. Credit utilization is calculated by your current balance verses how much percent of your available credit or credit line was used. The higher the percent of your credit line you spend, the higher your credit utilization will be, and the more