FICO buckets are used to group consumers with similar profiles and credit histories. Basically it is done so that the FICO algorithm compares apples with apples, not apples with oranges.  While the FICO scoring formula takes into account many variables, the bucketing concept makes sure that consumers with similar variables, e.g, length of credit history, revolving utilization, number of late payments, number of collections, etc., are compared against each other.  That way you are not compared with someone who is in a completely different credit situation.
Apparently there are several …

The highest possible score is 850 on most commonly used credit score scale today.  For many, it is just like a game to obtain the highest score possible.  Quite frankly, it takes a lot to obtain best FICO scores.
Time is one important aspect, different account types is another.  But to reach the highest possible credit score, be aware, it is hard work with little reward.  Consumers with the second or third best FICO scores, for example, up to 100 points lower, get practically the same rates and terms …

If you’re like most people, being on the opposite end of a collection call can be quite a defeating interaction. Collectors generally seem unforgiving and absolutely unwilling to hold a civil conversation. This all makes it very difficult to make any progress (let alone get the upper hand) during one of these calls. Nonetheless, it’s been my experience that when you equip yourself with the correct tools, controlling the outcome of a collection call can be very easy.
1. Collectors are trained to toy with your emotions for a very specific …

A PAID IN FULL letter should be sent to a debt collection agency after you pay the amount you agreed upon. A differently worded letter is used to inform other collectors that are still collecting on the debt that you paid in full. Alternatively, you can get paid in full letter from a creditor informing you that loan or account is paid in full. The following letter sample informs collection agency of the final payment and also warns of continued collection efforts.
Date {MM/DD/YYYY}
Your name
Your address
Phone/fax/email
Attention {debt collector name}
Debt …

Does deferring student loans hurt your Credit?
In a word, no. Deferring student loans does not hurt your credit rating, as long as such deferment is properly reported.  Deferment is an agreement between you and creditor, like Sallie Mae, which you must qualify for first.
Deferring student loan payments means that you have a valid reason for this to happen, and will be paying them in a future.  It is not a refusal to pay and in no way is considered as derogatory.
If you are deferring student loans, always check your …