Common Credit Mistakes

Common Credit Mistakes We All Make But Shouldn’t

Paying Off or Settling Collections

This is generally a bad idea, as it will cause your score to drop as your activity date gets renewed. However, let’s say an underwriter is forcing you to take care of it for a loan. We suggest paying off the collection account right before closing the new loan and provide the paid-off document to the underwriting department. This way the payoff doesn’t have time to negatively impact your score.

Closing Down Revolving Accounts

Most people do not realize that closing out trade lines can significantly lower credit scores. You need at least one revolving account to meet the minimum criteria of the scoring algorithms used by all three credit bureaus.

Paying Off Auto & Student Loans

When you pay off your installment accounts they close naturally, and then you lose your length of credit history. A better approach is to simply pay the minimum amount for as long as possible.

Student Loan Collections

Most student loans are government backed so they don’t just disappear after a certain amount of time. And very few lenders hand out significant sums of capital with student loans in collection status. Therefore, we suggest getting on a new payment plan and making sure that part of the payment plan includes a requirement that the status of the loan(s) be put back into good standing.

Acquiring Positive Credit

When it comes to building up credit history, don’t go nuts – less can be more. Apply for one secured credit card and use it sparingly each month. Make sure you have at least three open and active trade lines at any time. You can even try acquiring a couple of positive credit accounts from a close relative.


Disputes are nightmares in the credit world. We work with a company that specializes in disputes. Our suggestion is to let one of our representatives handle any disputes that you may have. Knowing exactly what the laws are and having the experience and tools to actively handle a dispute can be the difference between a high and a low interest rate, or getting approved for financing at all. Let the people who specialize in this area take care of your disputes before they cost you more than they already have.

Request A Free Credit Consultation Now!

Don’t live with a low credit score or a disputed trade-line. Request a free credit consultation today and get the information you need to make an informed decision. A credit repair specialist will respond with a specific plan to improve your credit and present you options to move forward. There is no obligation to move forward, but if you do you will receive Kingswood’s promotional rate as a benefit. Learning what you can do to maximize your credit score can literally save you thousands of dollars of your own money. Don’t delay – request your free credit consultation today!


Kingswood Client Featured In Food & Drink Intl Magazine

Kingswood Client Featured In Food & Drink Intl Magazine

Boston Showcase Co. featured in Food & Drink Intl Magazine

Boston Showcase Co. started as a family-owned carpentry business 102 years ago, building showcases and store fixtures for retail stores. After a while the Starr family got into building bars, which led them into the foodservice industry that they have succeeded in throughout the years. Today, Boston Showcase’s clients include restaurants, universities, hospitals, hotels, country clubs and assisted living facilities.

Family Values

Boston Showcase Co. is now owned and operated by Alan and Jack Starr, carrying on a tradition from their father Jason and grandfather Max. And a fourth generation is poised to carry on the family business as Jack’s son Matthew grows his career with the company. The Starr’s pride themselves on a family culture and extend their family values to their staff, most of which have found a place to make a home and career for themselves.

“It’s rare that someone comes to work here and leaves. We treat them like part of our family. We want people we can count on and they can count on us.” – Alan Starr

Boston Showcase consistently trains and promotes the long-term values that the company has been built on. Kingswood has benefited from these values having the opportunity to meet and train with the Boston Showcase staff on several occasions. The close, personal relationships that Boston Showcase fosters helps keep most of their client base loyal and provides a great foundation for repeat and referral business.

“We are an old company and are relatively content with modest growth. We are not looking for huge new markets or expansions in the immediate future. We are focused on doing a good job at what we do now.” – Alan Starr

Read the full article at


8th Annual Bowl-A-Thon

“It Takes A Community To Raise A Child”

Dover Children’s Home 8th Annual Bowl-A-Thon A Huge Success!

Approximately 400 community members of the greater Dover area came together Valentines Day and raised over $27,000 for the Dover Children’s Home. This fundraiser is held annually to help raise funds to meet needs not covered by their budget. This event, along with two others held yearly, make up about half of the overall operating budget of the non-profit for a year.

Kingswood Leasing Raises Most Pledges

The “Kingswood Kingpins” were proud to raise the most pledges for the event this year and edge out the reigning 4 time fundraising champions, The Dover Police Charities.

We Could Not Have Done It Without…

You!  Every contribution counts, especially to the lives of the kids each dollar affects. But a special shout-out must go out to our top donors:

  • Pawnee Leasing
  • Financial Pacific
  • Global Financial

We are so grateful and inspired by your generous donations and support!

Bowl-A-Thon Makes Local News

Karen Dandurant covered the event and published an article in the popular seacoast news forum:

Bowl-a-Thon raises money for Dover Children’s Home

You can also read all about the event and other DCH news on their Facebook page.

Thank You! Thank You! Thank You!

We cannot say “Thank You” enough! You all made this event so extraordinary for us! Your support got more of us involved in our community than any year before. We were so proud to present all your donations to the Dover Children’s Home and get our ‘bowl-on’ with our fellow community members. Even if you could not donate this year, we sincerely appreciate the support that was showed to us. Kingswood Leasing is proud to serve businesses, and proud to support our community.