If you purchased a single-user license for an edition of QuickBooks, your license entitles you to install the software on a total of two computers, provided that you own both systems. These two installations enable you to work at your office on one system and continue your work at home on another computer.
When collections first show up on your credit report, you can expect your credit scores to drop anywhere from 50 to 100 points depending on how high your credit was to start. In general, the better your credit, the worse the hit will be. Over time, the collection account will affect your credit less and less.
1. Pull Your Credit Reports. You probably know that bankruptcy is really, really bad for your credit. In fact, according to a FICO study, someone with an average credit score (around 680) could see their number plummet up to 150 points. Plus, bankruptcy can stay on your credit report for some time â up to 10 years from the filing date, though most Chapter 13 filings drop off after seven years. However, you wonât necessarily be stuck with subprime credit for that entire timeframe.