Stephen Leifer - Wednesday, September 13, 2017
Your credit score has a dramatic impact on many aspects of your life. , Your credit scores dictate what credit you are eligible to receive and at what interest rate you will pay for that credit. Due to the importance of your credit profile and scores, it is critical to safeguard. Here are a few tips to accomplish this:
Monitor Your Credit
It is important to periodically check your credit reports. This can help you find errors and more quickly detect and solve a p ..
Stephen Leifer - Wednesday, July 26, 2017
New improved standards for using public records became effective in July 2017 for credit reporting companies. The new changes will result in the increase of many individuals’ credit scores, some as much as 20 points. The major changes are based on excluding information related to tax liens and civil judgments on consumer’s credit reports. About seven percent of the American population will benefit from the changes.
Having a higher credit score can result in a number of pos ..
Stephen Leifer - Wednesday, July 19, 2017
Behavior patterns and financial decisions related to the use of your credit cards can have negative consequences to your credit status. Mistakes that may cause a significant lowering of your credit scores include:
Making Late Payments
Making late payments (30 days or more) will cause significant damage to a person’s credit. Lenders see this action as an indication of poor money management or that a person has too much credit available to them based ..
Stephen Leifer - Friday, April 21, 2017
Being in debt is extremely stressful and if you feel as if you are drowning under an insurmountable amount of it, it can be downright depressing. Credit Card debt is the most insidious. That piece of plastic in your pocket gives you the ability to spend beyond your means. Furthermore, the cost for using that ability, the use of their money, carries a very high rate of interest. The good news is there are things you can do to get a handle on it and improve your credit situation.
Stephen Leifer - Wednesday, February 22, 2017
Buying a home is frustrating enough, but it can be downright demoralizing if you have bad credit. The good news is it is possible to get a mortgage, even if your credit history is less than perfect. Here are a few tips: Traditional banks rarely offer mortgages to those with bad credit, but you can find sub-prime lenders that extend credit for mortgages, as long as you are willing to pay higher interest and/or fees. This is not the best option because many find themselves overextended in ..
Stephen Leifer - Wednesday, February 15, 2017
The key to repairing credit mistakes is showing you can use credit responsibly, but how do you get a credit card if you have bad credit?
Despite making credit mistakes in the past, it is possible to secure credit if you have a low credit score.
The downside to having a damaged credit history and low scores is that you will likely have low limits, annual fees, and high interest rates. You will also probably need to choose a secured card that requires you put down collateral. ..
Stephen Leifer - Wednesday, February 08, 2017
Getting a credit card might seem impossible if your credit is poor, but the truth is there are opportunities for just about everyone. Some credit card companies target people with less-than-perfect credit with the intention of helping them rebuild their credit profile. By doing so, they rightly feel that they can make them long-term loyal customers. If you are someone with bad credit and you are looking for a card that will help you get back on track, what should you expect to be availabl ..
Stephen Leifer - Thursday, May 12, 2016
Military members face challenges every day in their careers, whether during peace or war time.
Unfortunately, one of their toughest battles could be right here on the home front.
Many service members are complaining of issues with credit and debt, including aggressive debt collection practices. Last year, military members logged nearly 20,000 complaints with the Consumer Financial Protection Bureau, nearly half of which dealt with debt collection.