Why Is My Credit Score Lower After Getting a Credit Card?

Why Is My Credit Score Lower After Getting a Credit Card?

Why Is My Credit Score Lower After Getting a Credit Card? Common opinion suggests that getting a credit card is a good way to raise our credit score. Of course, this assumes we use it properly by repaying loans on time. On the other hand, it may surprise you that your...
When Do Credit Cards Report Late Payments?

When Do Credit Cards Report Late Payments?

When Do Credit Cards Report Late Payments? No one likes to be behind on their payments. And hardly anybody falls behind on purpose. But Americans still saw historically low levels of credit card payments in the US in 2020. Who can blame us? We are facing a recession...
What NOT To Do When Repairing Your Credit Score

What NOT To Do When Repairing Your Credit Score

What NOT To Do When Repairing Your Credit Score We indeed learn best from trial and error. But no one said that those trials and errors necessarily need to be our own. That is why we have compiled below the top 5 mistakes others most often make when trying to repair...
Should I Pay the Debt Collector or the Original Creditor?

Should I Pay the Debt Collector or the Original Creditor?

Should I Pay the Debt Collector or the Original Creditor? If you have a debt that has been sent to a debt collector, you are not alone. Tens of thousands of Americans deal with them. In 2018 alone, there were over 81,000 complaints filed against debt collectors. Debt...
Should I Pay off Closed Accounts on Credit Report?

Should I Pay off Closed Accounts on Credit Report?

Should I Pay Off Closed Accounts on Credit Report? If you fall behind on payments for one of your credit accounts, you will likely see on your credit report that the debt has been closed or charged off. As you might expect, this has repercussions on your credit score...