Yearly Archive:: 2007

3 Steps to Remove Collections From Your Credit Report

In my experience it is possible to remove collections from your credit report. A collection entry on your credit report, including medical collections, can severely lower your credit score and in many cases prevent you from obtaining a mortgage or auto loan. Before we

How College Students Are Taught Personal Finance by Credit Card Companies

If you have attending college in the past 10 years, it’s likely you keenly remember receiving about 20 pre-approval credit card offers your first semester. And gauging by the numerous emails I receive daily on the subject of credit card debt due to college,

Why It’s So Difficult to Find Honest Credit Help

Finding credit help (particularly online) is difficult. As you may recall I expressed my frustration with the lack of honest, responsible resources available for people who want to repair their credit score in my first blog entry, “Why I Am Starting A Credit Blog“.

Utilization: Maintaining The Right Credit Balance to Limit Ratio

One of the first steps I recommend when repairing credit is to pay down any credit accounts where the balance is more than 25% of the account’s credit limit. If you’re not sure what balances are being reported on your credit report, I suggest

My Fifth Mistake: I started applying for credit too quickly

Many people are under the impression that once they fix (or remove) all of the bad records from their credit report (such as charge offs and late payments), they will have good credit. While ridding oneself of negative credit report records may relieve a

How Credit Inquiries Can Affect Your Credit Score

In the following article I will explain how credit report inquiries can lower your credit score. Depending on the type of inquiry, your score can lower 3 – 10 points -even more with multiple inquiries. While this should not be the pinnacle of your

Credit Report Not Updated After Negotiation

Question I mailed your negotiation letter a couple of weeks ago through certified mail. I got the green slip on Monday, but my credit report hasn’t been updated yet. Should I be worried? I haven’t sent them any money. Response You sent them a

Negotiation Letters Will NOT Work On Student Loans

Student loan creditors such as Nelnet are required by law to report accurate information to credit agencies. This makes dealing with late or defaulted student loans much different than other accounts. Basically, regardless of if you have consolidated, or even undergone a rehab program,

Secured Credit Cards and Credit Repair

Often I am asked whether I recommend a secured credit card over a high interest rate credit card for people in the process of fixing their bad credit. The short answer is that I recommend a secured credit card. However, it should be stated

How to Pay Off Bills and Debt

If you have read my previous articles, you might be saying to yourself, “Ok Ashley, you are giving me all this advice on how to fix my credit score and negotiate with the credit bureaus –are you assuming that I have the money to