Home » Posts tagged "credit report"

Understanding Credit Scores

The FICO credit-scoring system groups together people with similar histories and rates them.  These groups are called Score Cards. If you have filed for bankruptcy, your case filing will appear on your credit report. However, you will be grouped on a Score Card with other individuals who have...
Continue reading »

What Happens If a Debt is “Charged Off?”

I often hear clients tell me that they no longer owe xyz credit company a debt because the company “charged off” the debt.  However, this is simply not true.  Your lenders will generally “write off” a delinquent account as a bad debt after 180 days, or six months....
Continue reading »