How Much Does a Charge Off Affect Your Credit Score?

Because 35% of your credit score relates to paying your debts in a timely manner, becoming so late on payments that the account is charged off can have a significant negative impact on your score. It also looks bad to future creditors because it indicates you might not pay all your bills. Find out more… Read More

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How Long Does It Take To Buy A House?

How long does it take to buy a house? The answer is: it depends. You can buy a house in a matter of weeks or it can take you anywhere from 4 to 6 months. The question is how ready are you? It can take a long time, and that’s just learning about various mortgage …

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Financial Scams That Target the Elderly and How to Prevent Them

A 2015 study found that older adults lose more than $36 billion every year to financial scams. Unfortunately, con artists see the elderly population as an easy and vulnerable target. The American Securities Administrators Association’s President, Mike Rothman, explains that scammers take this approach because the current elderly population is one of the wealthiest we’ve… Read More

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Does Paying the Minimum Hurt Your Credit Score

Credit card bills can be confusing. If everything was straightforward and clear, credit card debt wouldn’t be such a big issue. But it’s not clear, and debt is a massive issue for millions of consumers.  One of the most confusing aspects is the minimum payment, with few consumers understanding how this works, how much damage (if any) it does to their credit […]

Does Paying the Minimum Hurt Your Credit Score is a post from Pocket Your Dollars.

By: Anita Miller

I received a civil summons to court from a debt collector claiming I owe them money on a credit card that according to my credit report showed last payment as 2/11/10 I have never gotten anything from this agency regarding this matter and know the sol is 6 yrs in the state I live in, the summons they included a billing statement dated 06/14/11 as their proof of debt I'm assuming but that isn't the date of last activity it was 2/11/10. The 06/14/11 which is also the date on my credit report that they closed the acct. I received this summons on Thursday evening to appear Monday morning please help

Minimum Payments on a Credit Card

Your minimum monthly payment is the lowest amount that you need to pay on your credit card balance. Any less could result in a derogatory mark, any more will clear more of the principal.  Your monthly payment is one of the most important aspects of your credit card debt and failure to understand this could […]

Minimum Payments on a Credit Card is a post from Pocket Your Dollars.

Fall in Love with Your Credit Score

With Valentine’s Day around the corner, you’re probably thinking about your plans for the big day. Whether you’re celebrating with your significant other or friends, love is definitely in the air. But do you feel that love for your credit score? That’s right—it’s time for you to fall in love with your credit score. And we’re here… Read More

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