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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 09/1/2020... 

GET A CREDIT BUILDER CARD FROM CREDIT BUILDER HERE... Credit Builder Card is one of the very best ways to build your credit... You can even open two Credit Builder Cards accounts at the same time... And your spouse can even open a third Credit Builder Card account to build their credit at the same time, that's three Credit Builder Card accounts at the same time... And, Credit Builder Card reports to three major credit bureaus at the same time, every two weeks... KEEP WATCHING HERE... Credit Builder Card...

DAILY TIP 09/2/2020... 

TIPS, TRICKS, AND HEALTHY HABITS... There are plenty of tips, tricks, and healthy habits you can use to maintain and even improve your credit score. Some of the best things you can do involve being consistent with payments, not overspending, and paying bills on time... KEEP WATCHING HERE...

DAILY TIP 09/3/2020... 

NEW CREDIT ACCOUNTS... Other things you can do include avoiding applying for new credit too often... PRO CREDIT ACADEMY 101 recommends after you do the above, SIGN UP FOR CREDIT KHARMA, CREDIT SESAME, & NERD WALLET FROM THE FOLLOWING LINKS HERE... Credit Kharma, Credit Sesame, & Nerd Wallet... OPEN A CREDIT BUILDER ACCOUNT TO BUILD YOUR CREDIT FAST... GET A CREDIT BUILDER CARD FROM CREDIT BUILDER HERE... Then only apply for new credit every 6 to 12 months while keeping an eye on your credit reports for errors and taking steps to eliminate debt and lower your credit utilization.... KEEP WATCHING HERE...

DAILY TIP 09/4/2020... 

GET HELP FROM A FAMILY MEMBER WHO HAS GOOD CREDIT... A willing parent or significant other who uses credit responsibly can help kick-start your credit score by either cosigning a loan or adding you as an authorized user on a credit card account... KEEP WATCHING HERE...

DAILY TIP 09/5/2020... 

TAKE OUT A LOAN WITH A CO-SIGNER... The easiest way to build credit for the first time is to open a loan account with a co-signer who already has good credit... A co-signer is simply someone who agrees to be responsible for the loan if you stop paying your bills for any reason... KEEP WATCHING HERE...

DAILY TIP 09/6/2020... 

USING A CO-SIGNER... 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 09/7/2020... 

USING A CO-SIGNER... If someone co-signs a loan for you and you don’t make timely payments, your cosigner's credit will suffer along with your own... If you default on the loan—meaning you stop paying altogether— your co-signer is legally responsible to repay the debt... This situation has ruined plenty of relationships... Proceed carefully... KEEP WATCHING HERE...

DAILY TIP 09/8/2020... 

USING A CO-SIGNER... Another downside to this method is that it requires taking out a loan... That’s fine if you need a loan anyway—for example, you’re buying a car... But you don’t have to pay interest to build credit... KEEP WATCHING HERE...

DAILY TIP 09/9/2020... 

BECOME AN AUTHORIZED USER ON SOMEONE ELSE'S ACCOUNT... You won’t apply for the card together, but you can ask somebody to add you to their credit card account as an authorized user... Ensure that you’re being added to the account as a fully authorized user, as some companies will issue extra cards in different names but only tie the account to one owner... KEEP WATCHING HERE...

DAILY TIP 09/10/2020... 

BECOME AN AUTHORIZED USER ON SOMEONE ELSE'S ACCOUNT... One way to check this: Do they ask for your social security number when adding an authorized user??? If not, this trick won’t help you build credit... KEEP WATCHING HERE...

DAILY TIP 09/11/2020... 

BECOME AN AUTHORIZED USER ON SOMEONE ELSE'S ACCOUNT... After you become an authorized user on a parent’s or somebody else’s credit card, you don’t even have to use the card—as long as they keep paying their bills on time, you will start to build credit... (But it goes both ways, if they stop paying, this could actually hurt your credit!!? Proceed with caution.) KEEP WATCHING HERE...

DAILY TIP 09/12/2020... 

GET A STARTER CREDIT CARD... A starter credit card is designed for people new to credit... Unlike many mainstream credit cards, starter credit cards often have:

  • Lower credit limits ($300-$500 is a common start)...

  • An annual fee...

  • Higher interest rates...

  • Limited or no rewards...  KEEP WATCHING HERE...

DAILY TIP 09/13/2020... 

SOME STARTER CARDS ARE ALSO SECURED CREDIT CARDS... What this means is that you need to have money in a bank account equivalent to your credit line... So if you want to spend $1,000 on your credit card, you need $1,000 in the bank to cover that... And you make monthly payments like usual—it’s not a debit card, where every purchase you make is deducted from your balance... KEEP WATCHING HERE...

DAILY TIP 09/14/2020... 

SOME STARTER CARDS ARE ALSO SECURED CREDIT CARDS... Although similar to a debit card, secured credit cards work slightly differently and, unlike debit cards, report your payments to the credit bureaus so you can build credit... KEEP WATCHING HERE...

DAILY TIP 09/15/2020... 

SOME STARTER CARDS ARE ALSO SECURED CREDIT CARDS... If you’re a full-time college student, try starting with a student credit card. These cards are designed to approve students and you can upgrade them when you graduate... Many don’t have the lowest APRs or best rewards out there, but you’ll have a good shot of getting approved and can start building better credit... KEEP WATCHING HERE...

DAILY TIP 09/16/2020... 

SOME STARTER CARDS ARE ALSO SECURED CREDIT CARDS... If you have some credit history, but not a lot, certain Capital One credit cards can be among the easiest cards to get approved for a CREDIT BUILDER CARD... KEEP WATCHING HERE...

DAILY TIP 09/17/2020... 

SOME STARTER CARDS ARE ALSO SECURED CREDIT CARDS... Just because two cards may be better than one, I would stop there for now... As a result of a new inquiry on your credit report, your score might go down after you apply... But in the long run, it should go up... KEEP WATCHING HERE...

DAILY TIP 09/18/2020... 

STORE CREDIT CARDS... Many people’s first credit card is a retail or store credit card... You know, the ones every sales clerk at the mall asks you to apply for when you check out... You’ll get 20 percent off today’s purchase... KEEP WATCHING HERE...

DAILY TIP 09/19/2020... 

STORE CREDIT CARDS... Store credit cards have high-interest rates and are terrible if you think you’ll use them to go on a shopping spree you can’t afford... But store credit cards typically have lower credit limits than major credit cards... That means stores are willing to approve applicants with less credit history... KEEP WATCHING HERE...

DAILY TIP 09/20/2020... 

STORE CREDIT CARDS... If you get a store credit card, make a small purchase that you can immediately pay off... Do this every few months... Never buy more than you can afford to repay and never forget to pay the bill... KEEP WATCHING HERE...

DAILY TIP 09/21/2020... 

STORE CREDIT CARDS... As long as you do this, it really doesn’t matter which store card you get, because you won’t be paying interest... But some store cards are better than others because they give you ongoing discounts not just on the day you sign up... The Target Red Card, for example, gives you five percent back on every purchase a much better return than even the best major rewards cards, most of which max out at a two percent reward rate... KEEP WATCHING HERE...

DAILY TIP 09/22/2020... 

APPLY FOR A CREDIT BUILDER LOAN... Some lenders offer Credit - Builder Loans - small personal loans designed for anyone new to credit... They’ll help you build credit, but come at a cost... KEEP WATCHING HERE...

DAILY TIP 09/23/2020... 

APPLY FOR A CREDIT BUILDER LOAN... If you take out a small personal loan and repay it in a timely fashion, this will build your credit...  Self is a fairly unique program that allows you to take out a loan and re-pay yourself...  Loans range from $500 to $1,700 and the term of the loan is either one year or two years... The idea behind Self is straightforward, you open a loan, repay yourself, and show the credit bureaus you are responsible with credit...  This is likely to increase your credit score, all while keeping the fees and interest costs low... KEEP WATCHING HERE...

DAILY TIP 09/24/2020... 

APPLY FOR A CREDIT BUILDER LOAN... The costs to use Self are either a $9 or $15 application fee and an interest rate between 12% and 16% fixed... This means that for example, if you take out a $525 loan w/12 - month repayment terms, you’ll pay back a total of $591 on the loan (essentially losing $66)...  Not a bad price for an improved credit score and certainly less expensive than a high - interest line of credit... KEEP WATCHING HERE...

DAILY TIP 09/25/2020... 

WHAT ABOUT STUDENT LOANS??? If you took out student loans for college, you’re in luck... While federal student loans are available to anyone, regardless of credit score, they still help you build credit as you pay them off... KEEP WATCHING HERE...

DAILY TIP 09/26/2020... 

WHAT ABOUT STUDENT LOANS??? One or two student loans, however, may not be enough to build credit quickly... If you can, you may want to add one or two of these other credit-building techniques to get your credit score higher in a shorter number of years... KEEP WATCHING HERE...

DAILY TIP 09/27/2020... 

FREQUENTLY ASKED QUESTIONS ABOUT BUILDING CREDIT... Why do I need to build credit??? If you ever hope to get a home loan or auto loan, you’ll need good credit... Many landlords even require good credit to rent an apartment... KEEP WATCHING HERE...

DAILY TIP 09/28/2020... 

FREQUENTLY ASKED QUESTIONS ABOUT BUILDING CREDIT... Why do I need to build credit??? It’s great if you want to stay far away from debt today—but someday you’ll find it’s better to have the credit and not need it than to need it and not have it... KEEP WATCHING HERE...

DAILY TIP 09/29/2020... 

FREQUENTLY ASKED QUESTIONS ABOUT BUILDING CREDIT... Why do I need to build credit??? I know a bunch of people who went through most of their twenties without credit... They had no student loans, no credit cards, not even a car loan... They paid in cash and that worked for them... On the one hand, they never had to worry about getting in over their head with debt... But as they got older and started to think about buying a first home (or they just wanted a credit card to take on a business trip), they were years behind others who started building credit in their early twenties—or even younger... KEEP WATCHING HERE...

DAILY TIP 09/30/2020... 

FREQUENTLY ASKED QUESTIONS ABOUT BUILDING CREDIT... Why do I need to build credit??? Your credit history may also be used for other things like Calculating car insurance premiums, Apartment rental applications, Employment screening... KEEP WATCHING HERE...

WEEKLY CREDIT TIPS      08/12/2020

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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