CALL TODAY 1734-774-8690
If you have negative credit on your credit report, such as judgments, lines, collections or late pays, contact each holder of that negative credit and work to get that line item off report. Sometimes, it is as complicated enough that you need Banco Financial Services .
Most of the time, judgments,liens,collections and bankruptcies will not be taken off of your credit report for seven years. Yet, if you pay each one in full, the impact on your credit score is less than an outstanding, unpaid debt.
Pay Down Your Debt
One of the biggest hits to your credit score is the amount of debt versus the available limit of the debt. If you have credit cards debt, the smallest hit to your credit will occur when you have only used 35% of the available credit line. Additionally, when you first take out a loan and owe almost as much as the original balance of the loan, you will have lower score, even if you are current on your debt. The longer you have had the debt, the better the impact on your score.
No comments:
Post a Comment