One of the variables used in calculating credit scores is the length of time an account is open. Closing your oldest account could hurt your credit score for a much longer period of time.
A business should work at establishing business credit from the get go! Why, you may ask? Simply put, to extend your ability and provide options to grow your business when opportunities present themselves that your business’ cash flow cannot support. There is also the un-spoken rule in business that when you can make the numbers … [Read more…]
A letter I have sent to my Representatives in Washington D.C. Find Yours Here: http://www.usa.gov/Contact/Elected.shtml I encourage you to do the same to keep medical debt collectors from scaring your credit score now or in the future. ***** Letter ***** I am sure that you are aware that Medical Debt affects about 73,000,000 consumers in … [Read more…]