Tayne Law Group

Category: Your Credit

  • How to Remove a Charge off from your Credit Report

    How to Remove a Charge off from your Credit Report

    Making all of your payments on time is important, but mistakes can happen. If you have one or two missed payments on a loan or credit card, your lender will likely charge you a late penalty and your credit score can take a hit. However, if you have several late payments and fail to pay […]

  • Why Your Credit Score May Drop after Paying off Debt

    Why Your Credit Score May Drop after Paying off Debt

    Paying off a loan or credit card balance is a big accomplishment. But you might not feel like celebrating if you check your credit score, only to find that it’s dropped after knocking out that debt. After all, your creditors want to be paid back, so why would you be penalized? Before you get too […]

  • What Percentage Should I Offer to Settle Debt?

    What Percentage Should I Offer to Settle Debt?

    If you’ve considered a debt settlement before, you may be wondering, “What percentage should I offer to settle my debt?” While there is no one-size-fits-all answer to this question, there are a few guidelines that you can follow to help you come up with a number that works for you. In light of that, we […]

  • Is Borrowing From 401k to Pay Off Debt a Good Idea?

    Is Borrowing From 401k to Pay Off Debt a Good Idea?

    If you have credit card debt, but you have some retirement savings, there’s a good chance that you’ve thought about borrowing from a 401(k) to pay off debt. While borrowing from your retirement account is certainly an option, like any other financial decision, it does come with its own pros and cons. With that in […]

  • How to Dispute Collections: A Step-By-Step Guide for Borrowers

    How to Dispute Collections: A Step-By-Step Guide for Borrowers

    If you’ve found an error on your credit report, there is no reason to let it stay there. As a borrower, you are entitled by law to dispute any errors and have them removed, which can improve your credit score. Below is a step-by-step guide on how to dispute collections. Read it over to learn […]

  • How to Rebuild Credit after Bankruptcy

    How to Rebuild Credit after Bankruptcy

    Improving your credit score after bankruptcy is no small feat, but it can be done. All it takes is a bit of hard work and perseverance. With that said, below is a practical guide on how to rebuild credit after bankruptcy. If you follow the steps below, you can eventually see your score start to […]

  • How to Write a Credit Dispute Letter

    How to Write a Credit Dispute Letter

    According to a recent investigation by Consumer Reports, a third of Americans have errors on their credit reports. If you happen to fall in that unlike a percentage, you might be wondering what you can do about it. In that case, your best move may be to write a credit dispute letter. Put simply, this […]

  • How to Consolidate Debt with Bad Credit

    How to Consolidate Debt with Bad Credit

    When you have bad credit, it can sometimes feel like your financial options are limited. Fortunately, there are things you can do to take control of your debt and improve your credit score. Below is a guide on how to consolidate debt with bad credit. Read it over to get a sense of the steps […]

  • Can You Buy a House with Credit Card Debt?

    Can You Buy a House with Credit Card Debt?

    Per the latest numbers from Debt.org, the average American household carried $5,315 worth of credit card debt in the fourth quarter of 2020. With numbers like those, it’s no surprise that many would-be-homebuyers wonder, “Can you buy a house with credit card debt?” The short answer is, yes, it is possible to buy a house […]

  • What is a Settlement Letter for Debt?

    What is a Settlement Letter for Debt?

    If you’ve been struggling with debt for a while, you may have heard about debt settlement. But did you know that the settlement process often starts with writing a letter? In light of that, we’ve created a guide to writing a settlement letter for debt settlement. So, read on to learn what a debt settlement […]