Archive for January 2021

Believe it or not, my advice is no. Many credit card companies are going to be decreasing credit limits and or closing credit cards on consumers to minimize their “at risk” level of exposure. If you gently pay down your credit cards to a 25% usage amount you will be less at risk for a…

Did you know Debt Collectors MUST abide by the Fair Debt Collection Practices Act? Debt collectors have rules that they must follow.  We all know that we are responsible to pay our debts.  If you fall behind on paying your debts however, you may be contacted by debt collectors.  These debt collectors have rules that…

It really doesn’t matter if an account remains open or closed.  A late/missed payment will impact your credit score regardless of the status of the account. Many consumers contact our office under the false impression that their late payments on closed accounts do not have as big of an effect on their credit scores.   That…

When couples file for divorce, one of the things they often fail to consider is the effect it could have on their credit.  It all depends on how their credit accounts are set up. For instance, if a couple has “joint” credit cards and the courts determine that one ex-spouse is responsible to pay a…