Want to know how does credit work? Credit is a loan of money that generates a future repayment commitment. When it is a consumer credit situation, it allows you to have an amount of money for the acquisition of consumer goods or the payment of services.
However, not everyone can have access to bank credit. To do this, you must meet certain requirements.
Read MoreYour credit score is very important for your financial success. If you've noticed that your credit score is low, you may have accounts in collections. It's important to understand the consequences this can have on your credit score.
One of the options in order to improve your credit score is to remove paid collections from your credit report. If you want to find out if that would be a good option for you and how you can do it keep reading this article.
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