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Conventional wisdom says that if you want to raise your credit score, you need to focus on disputing all the negative items on your credit report to have them removed. But many are unaware that the opposite is also true. It’s possible to increase your credit score by adding positive information to your credit report that has been omitted. Asking that information that positively reflects on your creditworthiness be added to your report can help build your credit score as well.

Despite the fact that the economy is in despair, Americans still will simply not put off spending until they can purchase and instead opt to take on more and more debt. This raises some interesting issues for the collection industry. For collection agencies, business is booming. There is more debt than ever, just waiting to be collected.

In the middle of an American economic crisis, one industry seems to be booming: the collection industry! That’s right, according to the most current research more than fifty five percent of the participating collection companies are planning to add to the amount of staff that they already employ this fiscal year.

I sit at my desk completely frustrated with Advanta. I opened up a business credit card with them 3 years ago and made a purchase of $6500 to help build my business credit for Rapid Recovery Solution, my Collection Agency. I have paid more then the minimum every month, on time. Three months ago I noticed that my interest rate seemed a little high. No where on my statement did it say the actual interest rate so I called the company. After 10 min or so I get a live rep on the line and they tell me it is 36.1%. Are they kidding, this must be a mistake. I have over a 750 score and never missed a payment. They said they sent me a notice in Aug that they are doing this due to a change in there lending methods. It turns out this is the second time this year they did this. I went from 8.99% in Jan 08 to 18.99 in Feb 08 to 36.1% in Aug 08.

In the last article in this series I described how long different marks remain on your credit report. I wrote that mistakes will be removed instantly, soft inquiries will have not have an effect, and hard inquiries can hang around on your credit report for two years. Late payments, on the other hand, have the capacity to do way more damage.

Your credit score. It could be your worst nightmare, or a dream come true. But most of the time it’s kind of like that nosy mother in law coming to stay at your house for a few days. You know that she is coming to stay, and you are not looking forward to it, but you are too nervous to ask or even consider how long she might be paying you that visit. OK, so that analogy wasn’t that great. But anyway, read on to see just how long negative marks will stay on your credit history.

Are you a stock market beginner? The amount of “civilians” that have become involved in the stock market has increased sharply over the past few decades. So you might be asking yourself “how can I get a cut of the deal and make money investing?” There are a number of different approaches to finding companies that may be worthwhile to invest in, but two basic methods are fundamental analysis or technical analysis. Fundamental analysis involves analyzing companies by their financial statements found in SEC Filings, general economic conditions, business trends and the like.

As of 2009, bankruptcy filings that were new increased by over thirty five percent in only one year. Although it may seem like a dismal sign, one good way to look at it is that all of these people are on their own paths to rebuilding their credit scores and ultimately, financial freedom. We have all seen the commercials with “people just like you and me” prodding us to visit whatever website and find out what our credit score is. We know that if the number is high, it’s a good thing. It it’s low, it could mean trouble finding a loan, getting a job, or a new place to stay. But just what is a credit score?

Are you currently in credit card debt? Would you like to pay it off as soon as possible? Well then, this article is for you! Keep reading to find out more about credit card debt. There are many ways to get out debt. Here are some common questions regarding credit reduction methods.

Bankruptcies can stay on your credit report for up to 10 years and can annihilate your credit score by hundreds of points. But by utilizing these plans of action, you could increase your credit score and become creditworthy several years before the bankruptcy drops off your credit report.