Impact of Timeshares on Credit Reports A timeshare can be something that affects your credit scores. When thinking about purchasing a timeshare, consider it to be as vital and possibly as damaging as a mortgage to your credit report. There are many variables that come into purchasing a timeshare. If your family is tossing around […]
Category Archives: Credit Score
08
Jun
Jun
A Step in the Right Direction Potential new changes in the credit world can seem to be irrelevant and often times have little to no impact (or so it seems) for the consumers. There are many changes on the horizon that will take effect just one year after President Trump signs a new bill. Congress […]
05
Jun
Jun
All Credit Reports Must Change! All credit reports must change! In response to the New York Attorney General coming out with a settlement, the Credit Reporting Agencies are going through a laundry list of changes. These phases have been implemented over the last few years and phase three is now taking place. There will be […]
02
May
May
2019 Consumer Credit Forecast What’s in store for the consumer credit market in 2019? Increases in GDP personal income. Total employment and the House Price Index among other factors will outweigh potential negatives such as rising interest rates and slowing vehicle sales. Here are four key trends. TransUnion is forecasting- 1. Strong employment and rising […]
24
Apr
Apr
When The Chips Fall: Gambling Addiction and Credit Scores As luck would have it, gambling and debt go hand in hand! So what if your hand falls short? Nearly 23 millions Americans lose and fall into debt- losing an estimated $55,000. What happens when you’ve run out of cash and all stashes have hit zero? […]
03
Apr
Apr
Does unemployment affect my credit? Unfortunately job loss is something many American’s experience in their lifetime. The loss of a job means financial hardships, which directly affects our consumer’s credit. Here is what you need to know about how job loss can affect your credit scores. Loss of Savings: Money that was saved for emergency […]
27
Mar
Mar
Three things you can do in the next 24 hours to improve a credit score. Two of the three options do not cost you any money! Credit Law Center explains three things to do to improve a credit score in the next 24 hours. First, add a new account or become an authorized user. Second, […]
14
Mar
Mar
Credit 101 Janna Fox (Director of Business Development) and Breana Washington (Marketing and Media Manager) chat about common questions consumers ask about credit repair and what myths there are about credit scores. Credit Law Center educates consumers and encourages them to know their rights, and be more informed about the credit world. For more information […]
15
Jan
Jan
The People Behind The Credit Score At Credit Law Center we fully believe in the people behind the credit scores. A company is only as good as its “Why” and what matters to us most, is our clients. We recognize that bad things happen to great people and wish to help improve individuals buying power, […]
17
Oct
Oct
We recently asked the question on social media, “What is one thing that should be taught in school?”, several came back with the answer “credit.” Unless you are a financial guru at understanding complex financial terms, the world of credit can be slightly confusing. Understanding the most common credit terms and credit score terms could […]