What to know about the credit scoring and debt recovery services that you can use right now?
Can you get your credit scores downgraded?
But you can also get them upgraded.
You can get your scores down to AA or A+, and you can get them down to a C, or below.
If you have a high-limit credit card, you may want to keep it that way.
Can I get a free copy of your credit report?
Yes, but if you’re already using one, you can pay for it yourself.
How do I know if my credit score is up?
You can get a credit score from Experian, TransUnion or Equifax.
How much will my credit card charges change?
The first month of your new credit score, you’ll see an increase.
The next month, you’re expected to pay a higher percentage of your income on interest, and the next month your charges will increase again.
How often do I have to pay my credit cards?
If you’ve had your credit card accounts for less than a year, you should expect a decrease in your credit balance, even if you don’t pay your bills each month.
But, you shouldn’t expect that if you have an ongoing debt load.
What if I have a family member or other close family member who has a low credit score?
You’ll see a decrease as well, but they won’t have to worry about their credit score changing.
How long does it take for my credit scores to change?
It takes about a year for your credit cards to start showing a change in your score, depending on how old your score is and how much you owe.
Will my credit reports stay up-to-date?
Yes and no.
They’re linked to the credit reporting agencies, so you can’t use your credit reports for other purposes, like shopping.
How can I keep my credit report up- to-date when I pay my bills?
You should make sure that your credit information is up–to.-date as soon as possible.
Can a company charge me for getting a credit report, when I already have one?
You’re responsible for the cost of getting a free credit report.
You can find out how much your credit debt is, how much is owed on your credit, and what you can do to reduce it.