Why Paying Off Collections Doesn’t Always Raise Your Credit Score
Paying off your debt is supposed to make your credit score increase, but what about when it comes to an account that’s in collections? Paying off... read more »
Choncé is a Certified Financial Education Instructor (CFEI) and a nationally recognized personal finance and budgeting expert. She's paid off $50,000+ of personal debt and her debt story has been highlighted in Essence Magazine and on "Good Morning America" as part of its 2020 Debt-Free Decade series. Her work has been featured on sites, including Business Insider, LendingTree, Credit Sesame, Barclaycard, and The New York Post. Choncé was named one of the top financial experts to follow on Instagram by Black Enterprise.
Guide
12,816 views
7 min read
Paying off your debt is supposed to make your credit score increase, but what about when it comes to an account that’s in collections? Paying off... read more »
By: Choncé Maddox • 3/30/26
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10,725 views
7 min read
We’ve all had that moment when we decide to get serious about a big purchase. Maybe it’s a new car, a big piece of furniture, or a new shed for... read more »
By: Choncé Maddox • 3/26/26
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47,850 views
7 min read
I get balance transfer offers in the mail all the time, and sometimes I even see these offers in my online dashboard for my credit card accounts.... read more »
By: Choncé Maddox • 1/29/26
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40,500 views
5 min read
Paying off debt can be a struggle, no matter what your financial situation. But if you have a limited income and you’re juggling multiple jobs,... read more »
By: Choncé Maddox • 12/23/25
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100,000+ views
11 min read
Let’s be real — debt isn’t exactly the kind of thing you want to shout about from the rooftops. But secured debt can be a great tool for... read more »
By: Choncé Maddox • 12/18/24
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100,000+ views
9 min read
If you’ve ever tried to get a credit card or loan only to be met with a “Sorry, we have nothing to go on,” it means you have no credit history.... read more »
By: Choncé Maddox • 11/20/24
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100,000+ views
7 min read
When you hear the term “interest rate,” does your brain start to spin with numbers and jargon? Borrowing money from a lender is hardly ever free.... read more »
By: Choncé Maddox • 11/19/24
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100,000+ views
7 min read
If you’ve ever taken out a loan or shopped for something big, like a car, furniture, a new smartphone, or even a dream vacation (yes, we see you... read more »
By: Choncé Maddox • 10/1/24