Credit

5 Steps to fix your credit

1. Get a free copy of you credit report www.annualcreditreport.com
2. Analyze the report and identify areas to repair
3. Remove all negative items or errors on your report
4. Rebuild and maintain good payment history.
5. Review and grow the age of you accounts.

 Credit is one of the most important factors to wealth. Credit repair takes time but it’s worth it. With extraordinary credit the benefits are endless! You’ll find it easier to be approved for financial lending services and in result you'll spend less money in interest over time. 

Credit Card Tips 

Set up AUTO PAY! Auto pay will lessen the chance of you missing a payment and ensure your minimum amount due will be paid on time.  

Know the difference between your Statement date and Due date. Your statement date refers to the last day of the billing cycle (typically 20-25 days before the due date). 

Note: the statement date is the date where the cardholders data and account balance report to the credit bureaus so pay your balance down as much as possible to 30% or less  

Your due date is the deadline to which the account should be paid to avoid any interest fees ( typically 20-25 days after the statement date). 

Consumer Education

Credit repair is 100% legal. The laws are on your side to help you repair your credit. The Fair Credit Reporting Act (FCRA) gives you the right to dispute any item on your credit report. If that item cannot be verified within a reasonable time (usually 30 days) it must be removed. Even accurate negative items can often be disputed and deleted. Its times to get your credit in the Fast Lane!

Good vs Bad Credit

Credit scoring models differ depending on the company but the FICO range looks like this: 

• Poor: 300-579
• Fair: 580-669
• Good: 670-739
• Very Good: 740-799
• EXTRAORDINARY: 800-850