What Does a Charge-Off Mean on a Credit Report?
A late payment is bad enough to have on your credit report. Even worse is a charge-off, meaning the creditor has written off your account as a loss. However, this is an accounting process on their end. While the asset has been taken off the company’s books, you are...
Why Do I Have Different Credit Scores?
There are different places to check your credit score. This three-digit number is an important indicator of your financial responsibility. A complicating factor is that you can have different credit scores, depending on where you look. Your credit is constantly being...
How to Read Your Credit Report
A snapshot of your credit profile, your credit report contains various types of personal information that can influence your credit score. Credit reports can be easily accessed online via the three credit bureaus—Experian, Equifax, and TransUnion. Understanding the...
What Is a Credit Utilization Rate?
Your credit utilization rate, or credit utilization ratio, is a number calculated by dividing the total amount of revolving credit you’re using by how much credit you have available. Many consumers don’t fully understand the concept of revolving credit. To better...
How to Choose a Credit Repair Service in Los Angeles
Are you thinking of applying for a loan or new credit card, but a low credit score or negative items on your credit report are holding you back? A credit repair service can help improve your credit. But choosing a credit repair company can be challenging. It’s...