When a consumer pays off a trade line and closes the account, the history of that account stops and over time will weigh less on the credit scores of that consumer's credit report.
It is the consumer's right to contest any incorrect information on their credit file.
The scores from all three credit bureaus may vary because they are three independent companies.
One of the best ways to maintain good credit is by paying bills on time and establishing a sound budget.
It is always recommended that a consumer not have too many open credit cards.
Always consider if an item you are about to purchase on credit is a necessity or a convenience.
You can acquire your Annual Credit Report for free at http://www.annualcreditreport.com .
If a consumer has medical care, it is always good to check with their insurance provider to ensure what costs will be paid by the company. If there is a remaining balance it could potentially be sent to a collection agency.
Whether you have good credit or not so good credit be sure to take the necessary steps to protect your identity.
If you would like a complimentary simple budget calculator, see our Produts and Pricing page.
When utilizing credit cards, it is a good practice to not exceed one third of the credit card limit.
Always be cautious when reviewing credit and credit repair offers.