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Online Credit Reports & How They Are Tracking Everything You Do

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The three big credit bureaus, however, are Equifax®, Experian®, and TransUnion®. Often referred to as credit reporting agencies, these companies work independently. Credit Reports vs. Credit Scores. Your credit scores are also influenced by your credit reports.

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Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

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A derogatory mark on a credit report refers to a negative item such as a late payment, a loan default, a repossession, or a foreclosure. Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk.

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How To Rebuild Credit After a Financial Crisis

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Bankruptcy will likely exacerbate any credit issues, causing an initial drop of about 100 to 200 points in your credit score. Getting on top of your financial woes and rebuilding credit as soon as possible is vital to financial recovery. A single missed payment can dent your report.

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How Long Do Late Payments Stay on Your Credit Report?

CreditStrong for Business

Late payments remain on your credit bureau report and influence your credit score for seven years. Fortunately, there are ways to improve your overall credit profile to offset the adverse results that late payments have on your credit score. and 35% of your FICO score.

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How to Rebuild Credit [Plus What NOT to Do] – CreditStrong

CreditStrong for Business

In the meanwhile, consumers should make timely payments on all available credit accounts and use strategies to rebuild credit. 7 Strategies to Rebuild Credit The first step for rebuilding credit involves obtaining a recent copy of your credit report. How Long Will It Take to Rebuild My Credit?