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Why Some Consumers May See a Significant Jump in their Credit in July 2017

Stephen Leifer - Wednesday, July 26, 2017
New improved standards for using public records became effective in July 2017 for credit reporting companies. The new changes will result in the increase of many individuals’ credit scores, some as much as 20 points. The major changes are based on excluding information related to tax liens and civil judgments on consumer’s credit reports. About seven percent of the American population will benefit from the changes. Having a higher credit score can result in a number of pos ..

Three Ways People Ruin their Credit with Credit Cards

Stephen Leifer - Wednesday, July 19, 2017
Behavior patterns and financial decisions related to the use of your credit cards can have negative consequences to your credit status. Mistakes that may cause a significant lowering of your credit scores include: Making Late Payments Making late payments (30 days or more) will cause significant damage to a person’s credit. Lenders see this action as an indication of poor money management or that a person has too much credit available to them based ..