Most people have cell phone bills, utility bills, rent payments,etc. While the majority of these do not report to the bureaus they can still affect your credit score if you become delinquent on them. Once you are past due on any of these items after a certain amount of time, they will be turned over … Read more
It’s getting to be that time of year again when the weather is colder and the days shorter; pretty soon everything will be decorated in twinkle lights and gingerbread men. The holidays are right around the corner and whether you like to get your holiday shopping done early or are someone who is at the … Read more
101st Annual Convention & Expo Advantage Credit, Inc. will be attending the MBA’s Annual Convention and Expo at the Mandalay Bay in Las Vegas Nevada from October 19th through the 22nd. Please stop by our booth #544 to say hello to the team! Let us show you how we can help you grow your business, … Read more
Representative Maxine Waters, the top Democrat on the House Financial Services Committee has proposed a new bill titled “Fair Credit Reporting Improvement Act of 2014”. The Fair Credit Reporting Act (FCRA) has been in existence for 44 years with the last changes to it happening in 2003. If passed, this bill could have an overwhelming … Read more
A presentation of the Did You Know Series Did you know that charged off accounts are still collectible? The majority of consumers do not fully understand exactly what a charged off account is. The assumption is that once an account is charged off it is no longer collectible and should have no balance. Unfortunately, this … Read more
Most people have a lot of questions surrounding the usage of credit cards. Should you have one? How many should you have? Should you have major credit cards or department store credit cards or both? How much should you use them? Should you pay them off every month? The list goes on and on… Credit … Read more
Fair Isaac, the creator of the FICO scoring models has announced that this fall it will be releasing a new version of its scoring model – FICO 09. An exact release date has not been set. There are some major changes in this new model that could help more borrowers get into home loans. In … Read more
Borrowers needing help establishing credit most often start with getting a secured credit card. While secured cards are a great way to start establishing or re-establishing credit they do require you to put $300-$500 up front to secure the card. Unfortunately, some people may not have access to that much money. Luckily, there’s another option … Read more
Back to school. Seems like summer just started and it’s time, once again, to make the trip to the store for all those school supplies, school clothes and basic necessities, basically a time when you give your credit cards a little more of a workout. Can buying certian items actually hurt your credit? Do the … Read more
Winter is over. We’ve planted the flowers, washed the heaviness of winter off of the windows and dusted away the cobwebs. Now is a great time to check out any cobwebs that may be lingering on your credit report. For example – The charged off credit card from a couple years back. Or even the … Read more