CREDIT TIPS

KNOWLEDGE IS POWER...

 

PRO CREDIT ACADEMY 101 Has The Knowledge To Save Consumers Thousands Of Dollars Yearly... And How To Build An 850+ Credit Score... But... There Is One Small Catch... You Have To Be Disciplined And Follow Our Instructions Completely... You Can Not Follow Our Instructions This Week And Do Something Different Next Week... You Have To Be Consistent Each And Every Week... PRO CREDIT ACADEMY 101 Will Give You Daily Tips Every Day... So Be Sure To Check Daily For Your Credit Tips To Get You To The Credit Level That You Deserve... For The Members Who Wish To Become A CERTIFIED ACADEMIC CREDIT COUNSELOR OR A CERTIFIED ACADEMIC PROFESSOR Your Certification Curriculum Questions, Will Come From The Daily And Weekly Tips... So Make Notes Of This Section For Future Reference...

DAILY TIP 10/1/2020... 

FREQUENTLY ASKED QUESTIONS ABOUT BUILDING CREDIT... I’m not saying this stuff to scare you... Personally I think it’s crappy that some people get passed over for jobs because they paid a couple of bills late... (And some states are going so far as to ban the practice.) But such is the world we live in... KEEP WATCHING HERE...

DAILY TIP 10/2/2020... 

HOW LONG DOES IT TAKE TO BUILD GOOD CREDIT??? You can build an average or good credit score in just a year or two... But it can take up to seven years to build an excellent credit score of 750 or higher... KEEP WATCHING HERE...

DAILY TIP 10/3/2020... 

HOW LONG DOES IT TAKE TO BUILD GOOD CREDIT??? It’s possible to build good credit in just a few years, but it requires opening at least a few accounts of each type (loans and credit cards) and being absolutely meticulous about making timely payments... The shorter your credit history, the more a single late payment will set you back... KEEP WATCHING HERE...

DAILY TIP 10/4/2020... 

HOW LONG DOES IT TAKE TO BUILD GOOD CREDIT??? Most consumers with credit scores in the top 10th percentile (800 or better) have at least 10 years of credit history... That’s because the average age of your credit accounts is one scoring factor... The longer your accounts have been open and in good standing, the more creditworthy you appear to be... KEEP WATCHING HERE...

DAILY TIP 10/5/2020... 

HOW LONG DOES IT TAKE TO BUILD GOOD CREDIT??? So even if you don’t need credit today, if you want to get the best rate on a mortgage in 10 years, you should start to build credit now... KEEP WATCHING HERE...

DAILY TIP 10/6/2020... 

HOW CAN I BUILD CREDIT FAST??? In most cases, a bank will approve a loan for somebody with no credit history if there is a creditworthy cosigner on the application... In order for this to work, you need somebody who:

  • Trusts you enough to put their credit rating on the line for your loan...

  • Has good credit themselves... KEEP WATCHING HERE...

DAILY TIP 10/7/2020... 

HOW CAN I BUILD CREDIT FAST??? You can build credit more quickly by starting with one account, then gradually adding new credit cards or other accounts every six months... KEEP WATCHING HERE...

DAILY TIP 10/8/2020... 

HOW CAN I BUILD CREDIT FAST??? Again, it will take about two years to build a “decent” credit score. But if you add new accounts—and pay them all on time—your score could be quite good in the same amount of time. KEEP WATCHING HERE...

WEEKLY CREDIT TIPS      10/1/2020

HERE ARE 12 THINGS YOU CAN DO NOW TO IMPROVE YOUR CREDIT SCORE: 

  1. Review Your Credit Report – You are entitled to one free credit report a year from each of the three reporting agencies and requesting one has no impact on your credit score. Review the report closely. Dispute any errors that you find. This is the closest you can get to a quick credit fix. Notifying the credit reporting agency of wrong or outdated information will improve your score as soon as the false information is removed.

 

  2. Set Up Payment Reminders – Write down payment deadlines for each bill in a planner or calendar and set up                  reminders online. Consistently paying your bills on time can raise your score within a few months.

 

  3. Pay More Than Once in a Billing Cycle – If you can afford it, pay down your bills every two weeks rather than once a        month. This lowers your credit utilization and definitely improves your score.

 

  4. Contact Your Creditors – Do this immediately to set up a payment plan if you miss payment deadlines and can’t              afford your monthly bills. Quickly addressing your problem can ease the negative effects of late payments and high          outstanding balances.

 

  5. Apply for New Credit Sparingly – Although it increases your total credit limit, it hurts your score if you apply for or          open several new accounts in a short time period.

 

  6. Don’t Close Unused Credit Card Accounts – The age of your credit history matters and a longer history is better. If          you must close credit accounts, close newer ones.

 

  7. Be Careful Paying Off Old Debts – If a debt is “charged off” by the creditor, it means they do not expect further                payments. If you make a payment on a charged off account, it reactivates the debt and lowers your credit score.              This often happens when collection agencies are involved.

 

  8. Pay Down “Maxed Out” Cards First – If you use multiple credit cards and the amount owed on one or more is close          to the credit limit, pay that one off first to bring down your credit utilization rate.

 

  9. Diversify Your Accounts – Your credit mix — mortgage, auto loans, student loans, and credit cards — counts for                10% of your credit score. Adding another element to the current mix helps your score, as long as you make on-time        payments.

 

10. Quick Loan Shopping – If you have bad credit and can’t find any other way to improve your score, you could consider        taking a “quick loan.” These are typically loans for small amounts — $250 to $1,000 — that get repayment history          reported to credit agencies and can become positive on your credit report. This is the last resort.

 

11. See If You Qualify for a 0% Interest Card – Several companies offer cards with 0% interest on balances, but there          are caveats to this. There can be a fee for transferring the balance and the zero-percent offer is only good for an            introductory period, typically 12-18 months. It usually takes a very good credit score to qualify for one of these.

 

12. Consider a Debt Consolidation Plan – There could be a temporary drop in your credit score if you enroll in a debt              consolidation program, but as long as you make on-time payments, your score quickly improves and you are                    eliminating the debt that got you in trouble to start with.

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