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Credit Law Center Christmas

Credit Scores That Are Merry And Bright

 

Credit Scores That Are Merry And Bright

Tis the season for gift giving-which means plenty of shopping! This is also the time when the season can cause a huge strain on your credit if you are not careful.

Here are some tips to avoid the credit blues once the new year arrives.

 

Avoid new credit cards

In the check out line and the cashier asks you if you want to open a store card to save money on your purchase, you’ll want to kindly smile and say no thank you. If you are working on your credit currently, opening a retail store card may not be in your best interest. Opening all these retail store cards for a discount on items you are buying for other folks will hurt your own score, you have to think about yourself this season too.

Don’t rack the cards you do have up

Remember, a good rule of thumb is to continue to pay your cards on time, and pay them down as much as possible. During this time, it is very easy to overuse your cards for purchasing the best gifts for your friends and family members. Set a budget prior to going out to shop and remind yourself what is most important. Is it a new cell phone for your teenager or a new home come Spring? You’ll start to put things in perspective when you keep the end goal in mind.

 

Credit Law Center Christmas Shopping

Keep track of your cards

There is no time like the Holiday season for identity and credit theft. As long as you are taking extra precautions at this time of year, you can feel good about making purchases out and about or,  from the comfort of your home. Keep in mind:

  • Online shopping is great! Ensure the URL address or lock symbol on the page is showing that the site is secure
  • Conceal your cards somewhere safe and don’t carry too much cash when you are out shopping
  • Stay vigilant-if possible, tuck your cell phone away when making a trip back to the car so you can be alert the whole time
  • Use secure ATMs at your bank
  • Put those receipts in your wallet or purse and shred them once your bills arrive. Gift receipts are great incase of the need to make an exchange
  • Monitoring your credit is going to be vital at this time. Report any fraudulent activity once the season is over and take action

If you would like to learn more, please contact Credit Law Center and an analyst will be happy to provide you with additional information.

Contact:  1-800-994-3070

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Road to good credit

How to fix your Credit

The winds come whipping in, the sky turns black and-BOOM-a tornado blew through all of your life plans! Are you feeling as if Oz himself is behind the curtain pulling random numbers from the debris and  tossing them out one by one? After the dust has settled you see a score that makes no sense, but the damage has been done. So what do you do to pick up the pieces?

Credit Law Center Credit Score

If you are looking to fix your scores but continue to find ways that take longer than the time you have available, don’t quit…there is hope for you yet- your yellow brick road is closer than you think!

Although time doesn’t always seem to be on our side, and the credit bureau’s don’t seem to be either, there is still some good news when it comes to fixing your less than perfect report. A healthy credit report will take time to build, but the wait is worth it.

Oz is not going to improve your scores for you and unfortunately you can’t just tap your shiny red shoes together for a quick fix. It is up to you as the consumer to take some action. Here is what you can do to get started:  1. Pull your report and check your scores. You need to view all three (Transunion, Experian and Equifax) 2. Find out what the issues/negative items are on the report. Are the debts yours? 3. Clean negative items off the report 4. Build and establish positive credit/tradelines.

First: Pull your report

You will want to enroll in a credit monitoring service that allows you to see all three bureau’s. A lot of the credit reports consumer’s can pull on their own show you two reports, the third one is just as important as the other two. Remember: scores will vary as they are only a consumer score and will always be different than what a lender or bank will tell you. Check out : vantage scores vs Fico….. Credit monitoring is also great for identity theft monitoring, among other things. Interested in having a three bureau report pulled for just $1? Click here!

Second: What is negative?

Can you imagine that the bureau’s have incorrect information? Actually, 79% of credit reports contain errors. Not only is it important to verify that the debts on your report are yours, but it is just as important that your addresses, name, DOB, etc. are correct as well. “Oz” uses an algorithm that is hard to crack! What we do know is this:  • Payment history makes up 35%  • Credit utilization makes up 30% • Age of credit accounts 15% • Length of life on card 15%
If you play the game right, you’ll start to see your scores on the rise. Keep pushing.

Third: Clean up negative items

Just like the lion, tin man and the scarecrow, you’re going to need someone to help guide you down the path. Recruit well, and do your research! Credit Law Center, attorney based credit repair can assist you in cleaning up your negative items on your report such as:  • Collections/Repossessions • Public Records • Late Pays • Bankruptcies/Foreclosures  • Tax Liens/Judgments
This team not only assists you in removing derogatory items from your report, but coaches through the process on how to build on the positive side of your report as well. An unbelievable team for you to depend on, Credit Law Center is a combination of all of Dorothy’s confidants into one company.
The tin man: a heart that cares about the future of the consumer’s, and what happens next
The scarecrow: a brain full of knowledge about credit and the resources to aid clients
The lion: courage/legal prowess to take action
Ready to get to work on your report? www.creditlawcenter.com

Fourth: Build and establish

You might have been denied credit cards previously, but that are a few other ways around establishing that you don’t know. Secured credit cards are one route you can take. They require a deposit that will serve as your credit limit. Making on time payments and keeping an eye on your utilization is vital. Keep those balances as low as possible. Your limit is $1,000? Keep that card under $300 if possible! A few more things to do to start building:  • Pay balances down as low as possible while holding off on making new purchases • Credit builder loans with a bank can be a good start • DO NOT close old credit card accounts when you have them in good standing, the longer the life on the card, the better • Increase your credit limit so your balances seem to be back down under that 30% utilization (See, this game can be won!)  • Become an authorized user on an account of a TRUSTED family member or friend. Don’t worry, you never have to even see/use their card, you will benefit from their positive history (make sure they pay their bills) Again, the longer the life, the better! Their shiny scores won’t be hurt by your scores, the only one taking a risk is you. Choose wisely!
Now, that the clouds have cleared and the sun is peaking through, you can take on Oz with the right team behind you. We are excited to help you so you too can tap your shoes together and exclaim “There’s no place like home!”

If you would like to learn more, please contact Credit Law Center and an analyst will be happy to provide you with additional information.

Contact:  1-800-994-3070

Check out Credit Law Center Reviews:

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The Way Credit Repair Should Be

Credit Law Center is your trusted leader when it comes to credit repair.  At Credit Law Center we have been doing attorney based credit repair for over 7 years now.  Credit Law Center is one of the top attorney based credit repair companies in the Midwest region and other states nationwide.Credit Repair Agencies

Our philosophy at Credit Law Center is to be the best and most up front and transparent company when it comes to Credit Repair.  Our attorney based credit repair focuses on consumer rights.  We strive to get you results, built on customer service and assisting you with one on one consultation in rebuilding your credit.  We are different from other credit repair companies. We care about you and your outcome and not simply looking to charge you a monthly fee.

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Your Credit Score is More Than Just a Number

So what does your credit score really mean? 

Your credit score is a number that is used by banks and landlords as a way of determining whether it’s a good idea to give an individual a loan, or an apartment lease.  Like tweets and other social media post, credit scores are also being used by some employers to help them figure out if you are a good fit for their company.

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The Good, The Bad, The Ugly about Credit Repair

If you have ever paid a monthly fee for credit repair, let me be the first to tell you that you paid too much. It’s like having a gym membership and going to the gym once or twice a year. In most cases, credit repair companies that charge a monthly fee will take their time by only disputing a few items on one bureau at a time. The longer you are with them, the more money they make. You are also paying those companies for trying to get items removed, there is no guarantee that they can do anything beneficial for your credit. I certainly don’t recommend going with a monthly fee based credit repair company.

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Should I Close My Credit Card?

Managing your credit card and finances with your credit can sometimes be a little tricky. At Credit Law Center, we often see clients close old credit cards because they have a higher interest rate, where this can make financial sense it isn’t always the best thing for your credit scores. When determining whether or not you should close an older credit card is what you need to consider:

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