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When it comes to collections accounts, you may have heard of an important date known as “Date of Last Activity” or (DLA). You may have been told not to ever make payments on a collections account, as the action of doing so could change the account’s DLA. In the case that the DLA changes, the clock essentially resets on the seven-year period in which your credit report will expel the collections accounts. However, in all reality, debt collectors do not have the ability to change the DLA. The credit bureaus are the only ones that have the power to do…

The world of credit can be a difficult one to navigate for many. Even if you aren’t new to the world of credit, it can sometimes feel impossible to discern credit myths from credit facts. Understanding how credit works is the best way to build AND maintain a positive credit score. Come with us as we explore some of the top 3 credit myths so you can take the smarter approach to build your credit. Myth #1 - You Must Carry a Balance To Build Credit This myth is 100% false and we’re not totally sure where it came from.…