Month January 2017

Reading your credit report Part 5: Collection Accounts

Collection Accounts Collection accounts are accounts that are seriously past due and have been transferred to an attorney, collection agency or creditor’s internal collection agency. As your debt is transferred between different agencies, you may see several records on your…

Reading your credit report Part 3: Credit Account Categories

Credit Account Categories Credit accounts are divided into five categories:  real estate, installment, revolving, collection and other.  Here is a better description of each category: Real Estate:  First and second mortgage loans on your home. Installment:  Accounts comprised of fixed…

Obtaining Your Credit Report

Obtaining Your Credit Report The first step you need to take when trying to fix your credit score is to find out what your score is and what it means.  Legislation called the FACT Act was passed that allows all…