We recently had a question from someone considering a short sale for their house.   This person is not eligible for a loan modification and their lender recommended a short sale.  When they put the house on the market, they are considering making just partial payments while they try to sell it.
The question is: DOES MAKING A [...]

There are five categories that make up the FICO score, and most of the other "consumer/educational scores" that are sold also use the same categories in calculating the score.
Many people want to know what they can do to get higher credit scores.  What's the best thing to do to help scores?  Pay all your bills [...]

A common error that occurs on credit reports of those who file bankruptcy (BK) is that late payments and other derogatory items show up on their credit report after the filing date.
If someone files BK in June, it typically takes a few months for the process to be completed and discharged, if it's a Chapter [...]

   As consumers are fine-tuning their financial fitness plans while trying to get better credit scores, the Universal Default topic keeps coming up.  Questions such as, “How can they change my rate when I wasn’t late on that account?” or “I always make more than the minimum payment and I send it in early – what happened?” [...]

You may have seen the headlines: Consumer Bankruptcies Are Up 32% in 2008.  As the economy worsened last year, more people filed for bankruptcy protection.  Having a bankruptcy (BK) on your credit report is a blow to credit scores.  
Having an accurate report as soon as possible will help your credit rating get back on track.  [...]

If you are an adult in the United States, you probably have a credit report.  In fact, you have three, based on credit files at each of the major credit reporting agencies or bureaus: Equifax, Experian and TransUnion.  And they are not going away; your credit history will likely stay with you for the rest [...]