Which is best path for you? Even I can’t advise you on an appropriate path until I look at your overall financial and credit situation.
We offer counseling and education that is specific to your situation. We have been successful at getting some old Charged-Off debt eliminated and significantly raise our client’s credit scores. For example, and to give those with credit card debt an understanding of the impact carrying a balance can have on your credit scores, we offer this One minute-twenty second video about the rules on credit cards.
Why bother with Free Annual Credit Reports? How do I get mine? What is in the FICO Credit Score Model?
Inquiries can be a problem for your credit score. The consumer needs to understand these points to best manage their credit score. This is like money in the bank.
Financial Services Professional — consider asking your clients if they have an idea of where their credit scores are, because credit scores are a consideration in the pricing of premiums on home and auto insurance. Your clients could be trowing away money!
LIFE EVENTS WILL AFFECT YOUR CREDIT SCORE (Part 1 — Marriage)
The trick is to know what should be in place to maximize the best outcome for all involved.
Serious life events include Divorce, Bankruptcy, Hospitalization, and even Marriage. Medical accounts for half of the collections on credit reports today!
I have seen many clients within a few years of a Divorce. They all have something in common. In one in particular case, only $16,000 of $480,000 was under the client’s direct control….
You might want to think twice before whipping out your credit card. As of Sunday, stores in most states could start charging you a “checkout fee” when you pay for something with plastic.
You’ve got a Great credit score, right? But, perhaps not so very much. For example, a 790 could mean your credit is excellent or just mediocre. The times they are a changing. . .for example, while a FICO score of 790 out of 850 is considered excellent, it’s merely mediocre on the VantageScore model — which tops out at 990.
Related: Most Under Appreciated Personal Credit Score Killers
A business should work at establishing business credit from the get go! Why, you may ask? Simply put, to extend your ability and provide options to grow your business when opportunities present themselves that your business’ cash flow cannot support. There is also the un-spoken rule in business that when you can make the numbers … [Read more…]