Do food stamps affect credit score?

Answer The Fair Credit Reporting Act and the Equal Credit Opportunity Act prohibit the consideration of any form of public assistance in the formulation of credit scores. Credit scores are compiled based ... Read More »

Top Q&A For: Do food stamps affect credit score

How Does Separation Affect Food Stamps?

Household concept is an important consideration for Food Stamps eligibility. A household is the people living under the same roof that must be included on the case. Spouses cannot be excluded from ... Read More »

If I Negotiate With Credit Card Companies Myself, Will It Negatively Affect My Credit Score?

If you lose your income, you may find yourself with credit card accounts that you are having trouble paying. As these balances become past due and move further into delinquency, account holders may... Read More »

Can Reduction in a Home Equity Line of Credit Affect My Credit Score?

A home equity line of credit is a type of secured revolving credit that uses your home's equity -- the value of the home minus mortgage owed -- as collateral. In certain cases, your lender may deci... Read More »

Will closing a credit card account affect my credit score?

Closing a zero-balance credit card account can negatively impact a credit score. This is because a credit score is based in part on the debt to available credit ratio. Therefore, when a zero-balanc... Read More »