So, obviously, since you paid off your creditors, your settlement looks good on a credit report, right? This is where it gets tricky. While the settlement of debt isn’t viewed as negatively as filing bankruptcy, it’s still going to linger on your credit report for some time.
Posts Tagged ‘Credit Report’
What a Judgment on Credit Report Means For You
Monday, July 27th, 2009Throughout life your personal credit score is an important part of planning for your future, such as needing financing to purchase your first home, buy a car and even get credit when needed. The higher your score the more credit you will be eligible to receive at lower rates of interest. Having a judgment on credit report will keep you from achieving these goals, by credit being very limited and your rates on interest being much higher and harder to get.
How Do Credit Counseling Services Work?
Saturday, July 25th, 2009Racking up consumer debt is not difficult to do, especially during tough economic times. You may have racked up debt without even noticing. A few charges here and there and bam! You’re hit with high interest rates that make it practically impossible to make a dent in that debt. Before you know it, you run late on a few credit car or installment loan payments and the negative marks start to accumulate on your credit report.
Judgment on Credit Report – Oh No! What Does This Mean?
Friday, July 24th, 2009Your credit score is probably something you never pay much attention to throughout life. However, once you rating begins to drop, this can have an adverse effect on your ability to borrow money. This is usually when you start to take notice. So why might you find a Judgment On your Credit Report?
Credit Card Debt Reduction and Consolidation
Friday, July 24th, 2009Credit card consolidation is a very good idea if you are on the brink of financial ruin and considering bankruptcy. Don’t take bankruptcy lightly as it will last on your credit report for up to 10 years. Credit card companies are bending to the economic times and becoming extremely workable with borrowers as far as negotiating debt.
