Credit tip - tax season is here and you should put those refunds to work. Credit rebuilding is more than just deleting negative items from your report. You have to show lenders you can manage credit. You have to add new credit to your credit profile. Here are my suggestions for poor and fair credit cards:
1. First Progress - this is a great secured card. The APR is low and everyone is approved.
2. Discover IT - another great secured card. The APR is high but pay your balance by off every month and it shouldn't be a problem. The best thing about this card is that if you use the card responsibly, it will convert to an unsecured card in about a year.
3. Capital One - this is the go to card when rebuilding credit. They offer secured and unsecured cards. If your FICO is really low (in the 400s), my suggestion is to apply for the First Progress card first. Then apply for the Capital One card in about six months.
4. Barclaycard US - if you have fair credit, (640-670). I like the Barclaycard. They have great rewards but the card carries a higher APR. If you use the card responsibly, they will graduate you to a better card.
Need further assistance, contact me for a free consultation.
For the last four years, I have been going to the dentist to have most of my crowns replaced (when I was younger, the large fillings cracked my teeth). I started in 2014 and this week was my last appointment. My dentist paused for a second and told me I had to have a root canal. I almost passed out!
The crowns, plus the root canal, will cost me $3,300 after insurance. Here's the deal, we have to budget for unexpected expenses, I have to get the root canal, the long term effects of not getting it done can be hazardous to my health and bank account.
If you do not budget for the unexpected or put off what is an emergency. You will never walk in financial empowerment. And you will continually be in debt.
So I got one crown completed and my root canal is scheduled for two weeks. I will save up to complete the last crown. I will be done by the end of the year. When you are in debt, saving money has to be your highest priority. No savings - you will always be reaching for your credit card and you know the story!
Need help budgeting, contact me at email@example.com.
Today I was referred to help someone with their credit on a Facebook group. I gladly obliged. Less than an hour later, there were dozens of recommendations on how to fix her credit - a lot of misinformation was given. I normally don't get into conversations about credit restoration and I regret not doing that.
Here's what I do:
1. I don't just "fix" credit. I delve into the emotional issues as to why you got bad credit in the first place. If you don't figure out why, you will always be "fixing" your credit.
2. I don't make empty promises. I don't guarantee items to be removed in a certain time period. I don't guarantee FICO scores. When these promises are given, it violates the Credit Repair Organizations Act.
3. I've been an Account Executive for a large wholesale insurance brokerage firm. I'm very familiar with legislation and how it should be applied so erroneous items can be removed from your report.
4. I'm new to this industry and I'm constantly studying and researching new and improved ways to help my clients.
5. More importantly, my level of integrity is my greatest strength. I will not compromise my values and ethics to make a dollar.
My clients are happy and satisfied. I'm prompt, courteous and I get so much satisfaction when I see my clients' confidence soar - that's true restoration!
Let me show you how! Email me at firstname.lastname@example.org
When you have good credit, your credit can be leveraged to #achieve your #financial goals. Here are some typical ways:
1. Balance transfers - one of the easiest ways to leverage credit is through #balance transfers. I got a CapitalOnecard, with no #interest for 12 months. I was able to pay off some low balance, high interest cards quicker and my utilization dropped by 20 percent, which improved my credit score. If you have fair credit, try CapitalOne or Barclay Bank, they offer balance transfers for people with fair credit.
2. Maintain your credit utilization. #Credit utilization is 30 percent of your credit score. When you keep your utilization to less than 5 percent, you show #lenders you can manage your credit #responsibly .
3. Credit cards #rewards . You can use your credit cards rewards for travel, #cashback or #giftcards ,, just about anything. By simply using your credit cards, you have the ability to use those rewards for other much needed items.
4. Large retailers offer no interest charges for 6, 12, or 18 months for larger purchases. It's a great way to complete home improvement purchases.
Use credit #leveraging to pay off some #debt and start achieving your financial #goals . If you are unsure how to leverage credit, contact me for a free credit consultation at email@example.com .