Remove Credit Bureau Remove Debt Management Remove Loans
article thumbnail

Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Credit Corp

. >> Try these debt management apps. Go for Debt Consolidation. If you want to lose the plastic altogether, think about applying for a debt consolidation loan. Go for a loan with a low interest. Then, avoid putting any more money on credit cards until you’ve paid off most of the consolidation loan. .

article thumbnail

How to Manage Your Debt Before Buying a House

Credit Corp

When you choose a mortgage lender and are approved for your home loan, your lender is agreeing to lend you all funds necessary to cover your home purchase. New credit — If you’ve opened multiple credit accounts at one time, this is a red flag for underwriters because it can suggest that you’re in financial distress.

Lender 81
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Get a Repo Off Your Credit: 7 Effective Removal Tips

Credit Corp

When youre late on payments or stop making payments on a loan, the lender can repossess or repo the item youre financing to settle your debt. Knowing how to get a repo off your credit report can help you boost your score and minimize the impact of those negative items on your credit score.

article thumbnail

Meet Our 2023 FICO Decisions Awards Judges

Fico Collections

Burcu Çalıcıoğlu has more than 18 years of risk management experience in banking and financial services and held various roles in managing retail credit portfolios, leading risk technology projects, using decision analytics and automated decision systems to solve complex business problems across the credit life cycle.

Retail 52
article thumbnail

How Long Before Debt Collectors Sue? The Statute of Limitations on Debt

Credit Corp

The statute of limitations also depends on the type of debt that is owed—here’s a breakdown of the different types of debt : Written contracts: These are repayment term agreements that are signed by the borrower, like mortgages and loans. The limitation for this type of debt is an average of 6 years.

article thumbnail

8 Success Tips for Debt Collection in the Pandemic

Fico Collections

Both of these factors are considered somewhat invisible to the typical credit bureau. billion increase on impaired loans. We expect an increased need for digital-led payment plans and a higher demand for loan modification, so the longer-term financial impacts can be worked through.