Key Equipment Finance Blog

Business Credit & Investing Strategies

Oct 30, 2015

Explaining The Process of Improving Your Credit Score

The process of credit improvement can be the key to recovering from unexpected financial distress. Only by gaining a complete understanding of the fundamentals of credit improvement, will you be prepared to navigate what can be a confusing landscape. By applying the advice contained in this article, you will be off to a very good start.

Be careful about which collection accounts you pay off. With the current way the credit reporting system is structured, paying off a collection agency may actually lower your score because the date of last activity will be reset. A paid collection has no...