Credit Score Impact

Closed accounts affect credit score as individuals review credit reports and financial data.

Closed Accounts Affect Credit Score: What You Need to Know

Closed accounts affect credit score more than many people realize, even when the account was paid off and closed in good standing. While closing an account doesn’t automatically ruin your credit, it can quietly lower your score by changing key factors like credit utilization and credit history length. In this guide, you’ll learn exactly how […]

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Photo Charged-Off Debt

What Happens If You Never Pay Charged-Off Debt

Charged-off debt is one of the most damaging items that can appear on your credit report, and understanding it is essential if you want to protect your financial future. When charged-off debt shows up, it means the original creditor has stopped trying to collect, but you still legally owe the money.In this guide, you’ll learn

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