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How Long Does Bankruptcy Stay On Your Credit Report?

CreditStrong for Business

Making the decision to file for bankruptcy is far from easy. The trade-off for having your debt eliminated is a long-lasting derogatory mark on your credit report identifying you as a huge credit risk. Your credit report sees the effects of a bankruptcy filing for ten years for a chapter 7 bankruptcy.

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How to Fix My Credit to Buy a House

CreditStrong for Business

Prospective homebuyers seeking a mortgage loan may use several strategies for improving low credit scores. Examples include reviewing credit bureau reports for possible credit account errors, avoiding late payments, paying down debt, and getting a credit builder loan.

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How To Rebuild Credit After a Financial Crisis

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Life’s uncertainties—job loss, emergencies, foreclosures, bankruptcies—can severely damage credit. With a commitment to bouncing back, discipline, careful planning, concrete goals, and strategic choices, it is possible to recover from financial troubles and rebuild your credit status.

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Why Did My Credit Score Go Down When Nothing Changed?

CreditStrong for Business

In many cases, a consumer who has seemingly been managing their finances responsibly will notice an unexpected credit score drop. This negative credit score fluctuation is particularly troubling for those concerned with maintaining good credit for an upcoming home or auto loan. 8 Reasons Why a Credit Score Drops 1.

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How Long Do Late Payments Stay on Your Credit Report?—Everything You Need To Know

CreditStrong for Business

Unfortunately, regardless of the reason, they will affect your credit score. Still, you may be wondering—how long do late payments stay on your credit report? How Different Entries Affect Your Credit Score Equifax , Experian , and TransUnion , the three major credit bureaus, compile the data that creditors report.

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Can You Get a Loan Without a Job?

CreditStrong for Business

After doing a credit check, most lenders will require that borrowers demonstrate a verifiable source of income. Those who lack any other source of income and have a poor credit history will typically have very limited and less desirable options. The likelihood of approval varies based on the lender and other financial circumstances.

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12 Types of Credit Cards For Every Need And Credit Score

CreditStrong for Business

Whether you’re looking to build credit, earn rewards or pay down high-interest debt, there’s a credit card that likely fits your needs. There are so many types of credit cards and welcome bonuses that it could make anyone’s head swim! We’ll even include the credit score you’ll need to aim for with each one.