What you will see in a credit report

Here is a list of what you will see on a credit report: Accounts/Trade lines: This includes credit cards, auto loans, mortgages, real estate, installment loans and revolving debt like department store cards. The report will include information on the accounts such as the balance, payment history, terms, and account status - such as whether the account was put into bankruptcy, charged off, or repossessed.

By |February 19th, 2017|Categories: Education|0 Comments

The Real Scoop on Credit Counseling

You have probably seen ads on television, the radio, and the internet promoting to “lower your interest rates,” “reduce your monthly payments,” “end collection calls,” and “get you on the road to financial freedom.”

By |February 18th, 2017|Categories: Education|0 Comments

Repairing Your Credit Score

Don’t despair if you find yourself with a less than desirable credit score and credit history. You are human and can make mistakes. It’s natural. The key to this is recognize that your spending habits are out of control, your credit has been damaged, and then vow to never get yourself back in the same situation after you have gotten your credit repaired.

By |January 18th, 2017|Categories: Education|0 Comments

How to Pay off Collections

Collection companies have done a great job over the years of convincing consumers that paying off collections will raise their credit scores. Many are actually surprised to learn that paying off collections will actually lower their credit scores.

By |December 19th, 2016|Categories: Education|Tags: |0 Comments

Improving a FICO score

Payment History Tips Pay your bills on time. Delinquent payments and collections can have a major negative impact on your FICO® score. If you have missed payments, get current and stay current. The longer you pay your bills on time, the better your credit score.

By |November 12th, 2016|Categories: Education|Tags: , , |0 Comments

A Summary of Your Rights Under the Fair Credit Reporting Act

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 agencies that sell information about check writing histories, medical records, and rental history records). Here is a summary of your major rights under the FCRA. For more information, including information about additional rights, go to or write to: Consumer Response Center, Room 130-A, Federal Trade Commission, 600 Pennsylvania Ave. N.W., Washington, D.C. 20580.

By |September 20th, 2016|Categories: Resources|Tags: |0 Comments

Know Your Rights- How Debt Collectors Could Be Breaking the Law

A strong federal law, the Fair Debt Collection Practices Act, protects consumers against certain unfair collection practices. It applies only to outside or third-party debt collectors (not creditors collecting their own debts) and only for personal (not business) debts. State laws may provide additional protection.

By |May 19th, 2016|Categories: Education|0 Comments

Fixed Expenses Vs. Variable Expenses

I get asked every week from a client, How can we separate our expenses and learn how to create a budget. My answer is usually the best way to attack a problem is to start with the problem. Ourselves? Our budget is not the problem, the money we make is

By |May 18th, 2016|Categories: Education|0 Comments

Credit Report Guide

This section lists your name and address, the date it was first reported to the credit bureau by one of your creditors, and the date the information was last updated. This section also lists the name and address of your current employer. If your report contains information about any previous employers, it will also be listed.

By |April 20th, 2016|Categories: Resources|Tags: , |0 Comments

Credit Terms Glossary

Understand, Build and Manage Your Credit whether you’re buying a home, a car or applying for a credit card – Terms are used and you may not know of its meaning so we put together a list of the most common terms out there. Accelerated Payment Scheduled payment plus additional monthly payment. Leads to quicker payoff of debt and less interest paid over life of loan. Account condition Each account on your Experian credit report has an "Account Condition." It indicates the present state of the account (current, past due, etc.), but does not indicate the payment history of the account. Each account on your Experian credit report has an "Account Condition." It indicates the present state of the account (current, past due, etc.), but does not indicate the payment history of the account. Account monitoring Once lenders make a "yes" decision, they might want to review your [...]

By |April 18th, 2016|Categories: Resources|Tags: , |0 Comments
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