Payment history is the largest component of your credit score. Making your credit card or loan payments on time is crucial in establishing your credit and maintaining a good score in the future. Payments that are more than 30 days late will start to hurt your score. At the very least, be sure to pay your bills no later than 30 days after the due date.

This crash course will teach you what you’ve been trying to figure out for months in less than 1 hour!  The credit bureaus are notorious for claiming to have verified accounts you’ve disputed, or telling you that your dispute is frivolous and they will not investigate it. It’s also hard to understand how to use the consumer protection laws necessary to dispute directly with your creditors.


This course, designed for non-financial managers, uses the FinanceTalking accounting game to show you how accounting works. By the end of the day you will have a good understanding of how the income statement (P&L), balance sheet and cash flows fit together. You will appreciate the role of financial management and you will see how to apply your learning to a real company example. We teach in small groups so that you can be sure of individual attention.


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If you have good credit and are responsible with your personal finances, you may be interested in sharing your expertise with others as a credit repair specialist. While there aren't specific requirements to be a credit repair specialist, there are certifications you can get that will make you more trustworthy to potential clients. Once you have the appropriate education and training, you can look for a position with an established agency or strike out on your own as an independent credit repair specialist.[1]
The magic formula for determining your credit score isn’t publicized, but there are some general guidelines. For instance, experts say your credit utilization (your debt in relation to your credit limit) should be below 30%, and ideally 10%, for the best effect on your scores. This means that closing credit accounts may actually be a bad move — it’s wise to do the numbers with a professional.
The Capital One® Secured Mastercard® offers qualifying cardholders a lower security deposit compared to other secured cards. You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness. Typical secured cards require you to deposit an amount equal to your credit limit, so this card has added perks for people who qualify for the lower deposits.You can also receive a credit limit increase without making an additional deposit after making your first five monthly payments on time. This is beneficial for people who need a higher credit limit and don’t want to (or can’t) tie up their money in a deposit. Also, this card comes with a credit resource center — which is available to everyone — and Platinum Mastercard® benefits that include travel accident insurance and price protection.
You might be used to checking out at a store and being asked if you’d like to open a credit card. While these credit cards come with really high interest rates and are great tools to tempt you into buying items you don’t need, there is a big perk to store credit cards: they’re more likely to approve people with low credit scores. Just be sure to only use the card to make one small purchase a month and then pay it off on time and in full. Unsubscribe to emails about deals and don’t even carry it around everyday in your wallet if you can’t resist the desire to spend. Read more here. 
On top of this, about 37 percent of all consumer debt is in revolving credit, which is most commonly seen as credit card debt -- 63 percent in total -- and includes car loans, student loans, loans on other items like boats, trailers, and even vacations. In terms of car loans, the average loan is about $29,000, with the loan to value ratio being 94 percent, which means that down payments are about 6 percent.
Jeremy Maher dealt with harassing collector calls, debts piling up and damaged credit for years. He improved his situation and started helping others.   That leads us to today, where Jeremy has DIY solutions for stopping collection harassment, eliminating debt and improving your credit scores. His clients can improve their situation within the comfort of their own home.
Your credit score won’t be affected by placing your loans into deferment, forbearance or using a hardship option, as long as you make at least the required monthly payment on time. But interest may still accrue on your loans if you’re not making payments, and the accumulated interest could be added to your loan principal once you resume your full monthly payments.
The Savings Secured Visa Platinum Card from State Department Federal is open to anyone, regardless of residence. If you aren’t eligible through select methods including employees of the U.S. Department of State or members of select organizations, you can join the American Consumer Council during the application process. There is no fee associated with joining since State Department FCU pays the $5 on your behalf. There is a rewards program with this card where you earn Flexpoints, which can be redeemed for a variety of options like gift cards and travel. The APR can be as low as 13.99% Variable, which is reasonable considering many secured cards from major issuers are above 23%.
Access to credit and loans may come easier than you expect, but that should also be a danger sign. There are several lenders who are willing to provide lines of credits or loans to people with poor credit. These options are often very predatory. If you’re simply trying to rebuild your credit history and improve your credit score, then there is no need to take this offers. If you’re in desperate need of a line of credit for an emergency, but have bad credit, please email us at info@magnifymoney.com for a tailored response.
The magic formula for determining your credit score isn’t publicized, but there are some general guidelines. For instance, experts say your credit utilization (your debt in relation to your credit limit) should be below 30%, and ideally 10%, for the best effect on your scores. This means that closing credit accounts may actually be a bad move — it’s wise to do the numbers with a professional.
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