Negative items, like a late payment or foreclosure, can stay on your credit report for up to seven or ten years. Because we are just now seven years removed from the Great Recession, FICO conducted a study to look at how credit scores are impacted after negative information is removed from credit reports.
Many credit card users are always looking for ways to reduce their interest charges, and one of the most popular methods employed is the balance transfer. This simply involves moving an existing balance over to a new credit card that carries a lower interest rate.
If you are able to obtain a security clearance, you will be eligible for a number of jobs that are out of reach for many candidates. But, unfortunately, financial issues may cause you to fail the background check that is necessary for a security clearance to be issued.
If you are currently paying down balances on several high interest credit cards, you may be tempted to try debt consolidation. Before shopping for a loan, make sure that this decision is part of a long-term plan, and not just a temporary fix.
Having bad credit is a circumstance that has a negative impact on your financial health. It’s why there are thousands of credit repair services exist. These places aim to help people improve their credit standing, and that’s an exciting proposition for many people dealing with bad credit. But what exactly do these places do? And can they really work?
It’s a brand new year, so there’s no time like the present to start rebuilding your bad credit. Making and keeping a resolution to give your credit rating a boost can result in new opportunities and an easier way of life.
As a New Yorker, you know that you live in the greatest city in the world. You have easy access to great restaurants, entertainment, museums and shopping. But living in New York City is expensive, so even if you have a great income, you may find yourself facing bad credit.