Better Credit Blog

MAY 4, 2022

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. Debt Consolidation Guide.

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Credit Corp

JULY 20, 2020

When you miss too many payments, your creditor may charge off the debt. When your debt is charged off as a bad debt, don’t fool yourself into thinking it goes away. A charged off debt can lead to harassing phone calls, garnished wages, and a major drop in your credit score.

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Credit Corp

FEBRUARY 9, 2024

Debt settlement, for example, utilizes some tactics that generally have a more negative effect than other types of debt relief programs. Credit.com’s free credit report card tool can help you better understand your current creditworthiness and which factors you need to work on to help you improve your standing.

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Credit Corp

OCTOBER 25, 2023

Debt consolidation allows you to take multiple debts and combine them into one, and you can do this with your credit card debt. Doing this makes managing the debt a little easier, and you may be able to get a lower interest rate. Once you receive the funds, you’ll use the money to pay off your credit card debt.

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Credit Corp

JULY 10, 2023

You gain a complete picture of your economic landscape by documenting each debt, including the creditor, outstanding balance, interest rate, and minimum monthly payment. This knowledge empowers you to make informed decisions and prioritize debt repayment strategies.

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Credit Corp

AUGUST 8, 2024

If you can get approved for credit, you might face higher interest rates, loan denials, or even higher security deposits for rentals since you’ll be seen as less creditworthy to lenders. These organizations offer free or low-cost financial counseling and debt management plans.

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Collection Industry News

JUNE 10, 2024

It finalized, it would: Remove exceptions that let lenders use information about medical debt to make determinations about someone’s creditworthiness. Prohibit credit reporting agencies from including medical debt on credit reports sent to creditors if the creditor is prohibited from considering it.

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