Feature

Tip of the week: How to repair a battered credit score

Target credit-card debt; Ignore the radio ads; Pick your fights; Request better terms

Target credit-card debt. It “feels good” to pay down a car loan or mortgage, but you get more bang for every buck you apply to knocking down your unsecured debts.

Ignore the radio ads. Most firms that pledge to slash your debts simply dispute valid charges, which lowers your debts briefly—until credit bureaus reverify them.

Pick your fights. Do dispute records of late payments made to banks or companies that no longer exist. “If the credit reporting bureaus cannot verify the accuracy” of a black mark, “they are required to remove it.”

Request better terms. Ask your credit-card issuers to create a new payment schedule at a pace you can handle. Once they have, get it in writing that they will report to the three major credit bureaus that you are “paying as agreed.”

Source: The New York Times

Recommended

The Check-In: 2022's best and worst airports, and more
Airplanes.
Feature

The Check-In: 2022's best and worst airports, and more

The Week contest: Walker robber
A man with a walker.
Feature

The Week contest: Walker robber

Is plant-based meat a failure?
A plantburger.
Briefing

Is plant-based meat a failure?

6 charming homes in Queens, New York
House
Feature

6 charming homes in Queens, New York

Most Popular

Once-a-decade critics' poll names greatest film ever
Movie theater
we come to this place for magic

Once-a-decade critics' poll names greatest film ever

Home of Iranian climber who competed without hijab reportedly destroyed
Rekabi in interview
Iran protests

Home of Iranian climber who competed without hijab reportedly destroyed

Houston police arrest 2 in connection with killing of Migos rapper Takeoff
Migos rapper Takeoff memorial billboard
'an innocent bystander'

Houston police arrest 2 in connection with killing of Migos rapper Takeoff