Category : Credit Scores

Although there are methods to improve a credit score fast, re-establishing a good credit score takes consistent behavior and time.

At least once a year, you should order your credit report from AnnualCreditReport.com. Once you get your report, make sure

A charge happens when you fail to make payments on a credit account for 120 days or longer. At this point,

Foreclosures and repossessions are serious delinquencies and will lower your credit scores considerably for up to 7 years. Lenders see

Collections happen as the results of late payments. There are two kinds of collections:

Those that have been sold to a third-party collection agency.

Some times things happen that cause you to be late on your payments. When that happens, it shows up on

If you are 120 days or more late on making a payment, it’s not a good look on your credit report.

Late payment

If your credit is 90 days late, it will damage your credit scores significantly for up to seven years.

Remember, the goal

When you make a late payment on your bills, it can hurt your credit score. However, certain lenders do provide