1.Charge-offs Missing your payments for 6 months or more could cause your creditors to deem your account as uncollectible. When this happens, the creditors write that debt off as a loss against their income taxes. Charged-off accounts are allowed to
Since credit and debit payments account for the majority of consumer in‐store purchasing in the United States – is one considered a better option than the other? The debate over which is better to use – credit versus debit –
Ever wonder what exactly goes into your credit score? The five categories below will outline it all for you. Your Payment History: determines approximately 35% of your current credit score. The credit scoring model is looking to see if you