What happens if I pay an old debt? Will my credit score drop?

When you have a low credit score and are working towards raising it, it makes sense to pay off all of your old delinquent debts right? Although it seems like a good idea, this strategy can sometimes backfire and lower your score further. Any credit score repair strategy should involve analyzing each debt and predicting how Read more about What happens if I pay an old debt? Will my credit score drop?[…]

How Many Americans Have Bad Credit?

Only a small sliver of people have absolutely terrible credit scores, but plain-old bad credit? That’s a lot more common. Nearly a third of Americans have a credit score lower than 601 — the distinction between bad and fair credit — according to credit bureau Experian. These figures come from a breakdown of Experian’s 2015 VantageScore 3.0 Read more about How Many Americans Have Bad Credit?[…]