Bad Credit Strategies: Part 2 Public Records

What do public records on credit reports include? First, lets establish that a public record is information about you that are on file with courts. Information that you are not allowed to hide, hence the name “public”. Here is a list of different types of public records: Birth/Death records Marriage/Divorce records Tax Liens Arrests recordsContinue reading “Bad Credit Strategies: Part 2 Public Records”

Bad Credit Strategies: Part 1 Charge offs

What is a charge off? A charge-off or “chargeoff” is the declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors will make this declaration at the point of six months without payment.Continue reading “Bad Credit Strategies: Part 1 Charge offs”