Aging Derogatory- Part 2: Aging Charge Offs

I’ve broken this blog into two parts, part one specifically on aging collections and part two aging charge offs due to the many differences in these two types of derogatory and how the dates affect the credit score differently. Part 1 we focused on aging collections, now let’s focus on aging charge offs. There is a big difference in aging …

Aging Derogatory- Part 1: Aging Collections

If you’ve been following my blogs, then you’re in agreement that the more recent the derogatory the more damaging impact it has on the credit score. Also we talked about what accounts can help the credit score when settling and which accounts can damage the credit score if settled We have covered how collection agencies manipulate dates in order to …

Derogatory is Derogatory

I hear it often; “Medical collections don’t hurt my credit.”  This is absolutely not true!  This rumor has come from the fact that many lenders will not use medical against you, however they do use your score against you.  And medical absolutely affects the credit score. A Derogatory is a Derogatory, kind of like protestants believe a sin is a …

Staring Down the Barrel of a Trigger Lead.

When we first began helping people with their credit we had noticed a trend of our clients who after being pre-approved for their home loans, were suddenly having new collections hit their credit right before closing, This couldn’t be a coincident. My gut told me there was more to this. I began my investigation. What is a Trigger lead? It’s …

Settling Old Bad Debts and How It Affects Your Credit Score

There is so much contradiction in what to do and what not to do when it comes to credit and the credit score.  And what makes it worst is what we deem as a trusted source, following the advice of the expert who carelessly spew out the same general advice all over specific situations.  I see it every day, my …

Mixed Credit Reports are Often Mistaken with Identity Theft

I often receive calls from desperate clients proclaiming that they are a victim of identity theft, someone having used their personal information to acquire credit and etc.    After investigating there situation we determine that they’re a victim alright, but not from an individual preying on their good credit, rather the credit bureaus mixing there information or commingling someone else’s information with …