When it comes to managing your credit score, one important factor to consider is the presence of old collections on your credit report. While it may seem like a good idea to pay off an old collection in order to…
A late payment on a credit card or loan can have a serious impact on a person’s credit score. When a payment is late, it is reported to the credit bureaus, which can lower a person’s credit score. The impact…
There are a multitude of credit scoring models in use today, each with its own unique method for calculating and interpreting a person’s credit score. This variety of models can be confusing for consumers, but there are several reasons why…
