Archive for June, 2009

Current on Cards But About to Be Late

Posted on: June 30th, 2009 by Kenneth Long 2 Comments

(Dal from Maryland) I am current on my credit card payments, however I am getting close to being late on some. What should I do? (more…)

Will Paying Cards in Full Raise Score More than Settling?

Posted on: June 19th, 2009 by Kenneth Long No Comments

(Terrie from Ohio) I have 4 credit cards that I settled with this past year and I did a short sale on my house. I am trying to bring up my credit score. If I pay on the credit cards so they will say paid in full instead of settled on will this improve my score at all? I know the negative part will be on there for 7 years. (more…)

How Does Debt Settlement Affect Credit?

Posted on: June 18th, 2009 by Kenneth Long 3 Comments

Settling on an account may slightly improve your credit score, but it will be far below where it should be had you paid the account off in full. Furthermore, if you used a debt settlement company, then the impact of any settlement will be greatly offset by the legal action that you will likely face from your other creditors. (more…)

Worse Credit Score Impact: Debt Settlement or Bankruptcy?

Posted on: June 9th, 2009 by Kenneth Long No Comments

(Dee from Colorado) I was told that a settlement I made on my credit card debt will reflect more negatively on my credit report than filing for bankrupsy. Is that true? (more…)

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