Black Friday & Cyber Monday: Protect Your Credit Information When Shopping

We all love the discounts offered on Black Friday and Cyber Monday. Whether you are shopping in the store or online, you have to be careful where and how you enter your credit card and any sensitive information. When shopping in the store, if you are required to enter your PIN or the last 4 of your social security number at the checkout, cover the pad with one hand while entering the numbers. You don’t know who’s behind you watching. Additionally, check your bank or credit card activity periodically for any fraudulent transactions. If you shop online, check that the shopping website has the security seal enabled…

Happy shopping!

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Zero interest for “x” months…

If you accept a loan or credit card offer of zero interest for “x” number of months, make sure you pay the balance in full by the end of the “zero interest” period or you will be charged prorated interest. Remember to read the small print and understand the terms and conditions that come with the “sweet” deal before you sign-up for it.

If you need help with repairing your credit score, we are here to help. We have the experience and tools for success. Call us.

Unpaid Medical Bills Can Affect Your Credit Score

Doctors and medical offices don’t report your unpaid bills to the credit reporting agencies. They send them to bill collection agencies and they report your debt. Once reported, the unpaid medical debt may negatively impact your credit score making it drop 50 to 100 points. Whether paid or not, the medical debt reported will stay on your credit report for up to 7 years.

Did You Know? About Chapter 7 Bankruptcy

The credit reporting agencies tell us that your Chapter 7 bankruptcy will stay on your credit report for up to 10 years. However, what many people don’t know is that approximately 2 years after filing for chapter 7 bankruptcy, your credit score will improve if you maintain a good bill payment record. Additionally, you may be able to acquire new credit cards after the 2 year period.