Albert Einstein On credit repair | Adelphia New Jersey 07710 NJ

I understand where you’re coming from, however you make it seem as though most of us are put in a situation where we are always asking to borrow money. I mean seriously, who likes owing someone else money. Most, if not all, credit card companies send out information about why you should obtain their credit cards and borrow their money. They also put the high spiked interest rates so that it takes longer to pay and collect more money over time. One of the main problems is the fact that you have to have an available credit balance that’s 10,000 dollars plus in order to possibly get over 700, in which time would barley put you in the “good” credit bracket. The only way to obtain that is if you’re making six figures if not that then the extremely high 5 figures. And at that point would there really be any need to have that type of credit balance. What’s happening is their giving money to people who don’t need it and calling it high risk to people who do. I currently make six figures but i refuse to get a lot of credit because of this ignorant outlook on these so called powerful companies.
The average American doesn’t even reach the “Good” level for their credit score. If you find that you are falling under the average, you don’t need to worry. In about 12 month’s time, you should be able to significantly improve your credit score if you are responsible with your credit. If you are planning to take out a car loan, then you could raise your score during those 12 months, save up for a larger down payment, and in the end get the car you want, pay less in interest, and have it paid off sooner.
Cleveland credit guru Jay Seaton, president of Consumer Credit Counseling of Northeast Ohio, said it’s possible Pavelka’s near-perfect score was the ultimate alignment of the planets. If someone had checked his score a week later, or today, it might be only 835. Or it could be 849. Credit scores swing slightly on what bill you just paid or what you just charged.
This happened to millions of people in America back in 08 to 2010. The banks wouldn’t work with people on reworking their payments on their loans because the banks knew they could make more money allowing those mortgages to go into default. They got paid from the insurance on the CDOs and got paid several times over on faulty loans, so many banks were purposefully letting people default. Read the book “greedy bastards”, its a real eye opener on this subject.
Anyone with a credit score of 800+ (about 15% of us) has essentially perfect credit for the simple reason that lenders don’t price products for the top 1% of people. In other words, before you reach the absolute highest credit score possible, you’ll arrive at a point where improving your score further will stop saving you money. And saving money is the name of the game.
@Jag1972 I cannot disagree with you more. First of all, a person in their last few working years should not have their money invested in aggressive funds which make it susceptible to downward market trends, or a crash. The money should be moved to a much less aggressive fund such as treasury bonds. That would allow your money to continue to earn interest at a higher rate than it would in a savings account. Putting your money in your mattress, or a safe at the bank are ludicrous ideas to say the least because the money is not creating interest in any way.
That’s really what you want to know, right? The range of scores is 300-850. According to FICO, the higher the score, the lower the risk you pose to a lender. But no score says whether a specific individual will be a “good” or “bad” customer. (See also: What Is A Good Credit Score?)
If your FICO score is 840, for example, you’re just 10 points shy of the highest score possible, and your credit is “super-prime.” But if you have an 840 VantageScore 2.0, it’s not as spectacular because you’re 150 points away from the highest possible score.
YES> The bank doesn’t care and it builds credit without having to pay. Anyone can fix their credit score for free! All you need is a little self education. People say “YOU” need a credit card for emergencies… BS! Good credit and a good credit union will beat a credit card any day of the week!!!
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For instance, someone with FICO scores in the 620 range would pay $65,000 more on a $200,000, 30-year mortgage than someone with FICOs over 760, according to data gathered by Informa Research Services.
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 Keep your balance at 1/3 $1000 credit line at $300 credit utilazatuion. my credit limit is $3300 with only three CC. My spending limit is $130 a card a month $490 or less total a month…. My Fico is 750 to 785…. credit utilazatuion is (A) less then 9% a month …..
Pavelka isn’t sure what the other part of the letter means, that his score is “higher than 100 percent of U.S. consumers.” Fair Isaac spokesman Anthony Sprauve said it does not mean he has the absolute highest score in the nation. There are other 848s, and even 849s and 850s out there. But his score is higher than perhaps 99.7 percent of consumers and the disclosure letter simply rounded up.
Joint accounts are meant to help individuals who cannot qualify for a loan by themselves. With joint accounts, all of the joint account holders, guarantors, and/or cosigners are responsible for repaying the debt. The joint account, along with its credit history, appears on the credit report for all account holders. When all payments are made on time, the joint account can help build positive credit. However, if someone defaults on payments, all of the joint account holders will see the default on their own credit reports. Depending on the severity of the late payments and negative information, everyone’s credit scores could be impacted significantly.
Several factors affect individual’s credit scores. One factor is the amount an individual borrowed as compared to the amount of credit available to the individual. As an individual borrows, or leverages, more money, the individual’s credit score decreases.
My credit score 625 has been for the past year I hsbe car note about 5 cards I psy on time I’m trying to start the process for a house loan but would like to to something to get my credit score higher do you have any suggestions ?
Practice with rewards. Cards for fair or average cards will sometimes have rewards, such as 1 percent back on all purchases. This is a good way to practice for getting a rewards card down the road. Make sure you don’t carry a balance, because interest charges will negate your rewards.
In fact, the Pavelkas have a mortgage (with four years left,) an equity line that he usually uses to buy cars and then pays off, four credit cards with amounts due this month (they pay the bills in full each month) and a total of eight credit cards with available credit exceeding $120,000.
Cut all mine in half 20 years ago, paid them all off. Never went back. Married, 2 kids, 4 cars and a decent mortgage rate. Live on cash and savings and lay away plans. In 20 years I have learned one thing, credit cards are GARBAGE. Live within your means even if its poor and making balogna sandwiches for lunch and telling people at the office “Nope, packed my lunch.” and driving a beat up car. Trust me. Never went back, have more left on my paycheck to save and put away and best thing I ever did. I still can buy a car and house juuust fine. The offers come in the mail, I rip then in 1/2 and throw them in the trash without a second thought.
Even if you have no plans to borrow right now, good credit can come in handy in case of a medical emergency or in the event you want to buy a house or car and need to finance it. But if credit cards make you uncomfortable, you don’t need them for good credit. Good luck to you.
Court Judgments: A civil court judgment will be removed from your credit report after seven years from the filing date. When you pay the judgment amount, your credit report will be updated to reflect the status, but the notation of the judgment will remain for the full seven years.
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A credit score measures how likely you are to repay money you’ve borrowed. This can only be demonstrated over time. How long does it take to hit the highest credit score? Since credit payment histories can go back seven years — and 10 in the case of bankruptcy — you may need a seven-year time period.3 Plus, any accounts in your name are included in your credit report for as long as they stay open and active, so these continuously contribute to your score.4
I had the same problem! I saw that  my credit score was high so I was thinking hmmm why not go and apply for a credit card, thought I could manage it but then temptation got out of hand. So my credit score is EXTREMELY low, very shortly after opening up the accounts. Its good to know that if I just pay off the balances and keep the balance lower than 30% my credit will shoot back up 🙂
Teddy you should make sure no one is using your SS#. I knew a woman that had similar issues like you and one day she ran her reports and found there was a 2012 Camaro on her report. Whomever purchased this car used her name and address and SS#. Strangely they were making payment for the past 5 months then stopped. Now she is fighting to get it off her name.

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