Don’t Hold Back Your credit repair | Allenhurst NJ

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You’re seriously overlooking the whole point of what banks are doing. Your statement proved exactly why you are considered high risk. You had a high paying job, and bought a home and car that reflected that HIGH PAYING JOB income. Then you lost your high paying job. AND HAD NO WAY TO KEEP THE SAME LIFESTYLE. Aka you didn’t prepare for what the future could potentially bring. That by definition is A RISK to a bank. I just got a six figure job. Does that mean I go buy an even more expensive house right now? HELL NO. Because guess how much trouble I’m in when I potentially lose that job? It would spiral downward exponentially faster. Guess when you can go get that even more expensive house? When you have enough backup money saved up for any amount of long term you could potentially be “out of work” while achieving another position of equal value.
The deficit is probably over 18 trillion dollars. People have to buy health insurance whether you have a job or not.. Some states have not seen minimum wage go up over 4 or more years ago. But we need more than minimum wage, we need living wage. Economy is moving up slowly. But getting job is stilll hard. Credit companies want to charge out fee. Having a credit card is a curse.
Very similar beginnings you and I. The medical bills ALWAYS GET PAID LAST. Bro, if your at 639 I am sure you have learned enough to stop paying that $100 a month. Here is a trick to boost the score without adding debt and costing WAY less. Join a credit union. Do you own a car? it doesn’t matter… Join the CU and take out 12 month loans of $1500. Once you get the loan put it in the checking account and FORGET IT IS EVEN THERE. Set the payment so it is auto drafted from your account and just make sure you remember to deposit the interest. repeat the following year. If you can get a no fee credit card or maybe a $25 a year CC that you WILL BE ABLE TO PAY IN FULL EVERY MONTH. Use the CC like you would your check book. Balance and DO NOT buy what you do NOT need. Pay in full every month. WAIT! Want a free lunch? lol On that card it is a MUST to leave a small balance. The bank has to get something from you… Take the wife and kid to a fancy restaurant like WENDY’S…lol…. Try to carry a 60-70 dollar balance. Good Luck! my oldest just turned 18. I always worried about raising them, not letting them go.. Peace OUT!
For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most credit scores fall between 600 and 750. Higher scores represent better credit decisions and can make creditors more confident that you will repay your future debts as agreed.
It also does not help when the stock market crashes twice in the final 8 years of a person’s working years. There is nothing worse than having to live on Social Security because all you worked for in 45 years went down the tubes. That happened to a dear friend of mine who spent many years since high school and the military working as a mechanic. The only thing that allows him to live on SS is because his health care is free with the VA from his military during Vietnam. And his non-taxable income (tiny) as a Commander at an American Legion.
Paying on time is the No. 1 thing you can do to help your credit score. The second is keeping debt levels low. Ideally, that means keeping the balances on your credit cards at less than 10% of your credit limit. (Thirty percent should be as high as they EVER get.) If yours are higher, you could lower them one of two ways. You could ask the creditor for a higher limit (no guarantees this will work, but it sometimes does) or you could pay the cards down until you are paying off the balance each month. You can read more here:
Remember that even though your credit reports are free every twelve months, your credit score is not included. It’s a separate calculation that is requested when your credit is pulled by third parties such as lenders and creditors. There are several monitoring services if you’d like to check out your score on a regular basis, or you can pay a one-time fee to FICO to access your score.
When you receive a credit score, you should also receive scale information like the one above. Looking at the context of where your score stands is more important than the actual number itself. You will also probably receive some information about why your score is what it is. That’s the information you want to focus on because it will provide a roadmap for boosting your score, says Susan Henson, a consumer credit expert at Experian.
Credit scores are used by lenders, including banks providing mortgage loans, credit card companies, and even car dealerships financing auto purchases, to make decisions about whether or not to offer your credit (such as a credit card or loan) and what the terms of the offer (such as the interest rate or down payment) will be. There are many different types of credit scores. FICO® Scores and scores by VantageScore are two of the most common types of credit scores, but industry-specific scores also exist.
An engineer and a mathematician came up with this system of credit score. The only thing I see it doing is charging folks higher rates for those who can least afford it. I could care less what those two think of most anything.

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For some outside perspectives on just how realistic reaching the top of the credit-score scale is and how fruitful of an accomplishment that would be, we posed the following questions to a panel of personal finance experts. Meet them and see what they had to say, below.
The important thing is to use the same score every time you check. Doing otherwise is like trying to monitor your weight on different scales — or possibly switching between pounds and kilograms. Some sources may be using a different scale entirely.
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It takes awhile to establish a good score, and the best ways are to pay debts on time and keep your balances low relative to your credit limits (if you use credit cards). You can also check your credit regularly to check your progress. Here’s how to monitor your credit score for free.
Your race, color, religion, national origin, sex or marital status (U. S. law prohibits credit scoring formulas from considering these facts, any receipt of public assistance or the exercise of any consumer right under the Consumer Credit Protection Act.)
Plus, dealing with creditors and credit bureaus can feel like a full-time job, and you probably already have one of those. It’s often a wise choice to work with a professional for the fastest, most comprehensive results.
Yeah, keeping credit cards even if your home and cars paid off and no loans.the cards can keep your credit active and maintain it..really no need to punish people by dropping their score for paying off all their depts..even if no credit cards..thats not right morally
If you score is high enough on the GMAT to get into your top-choice graduate school, do you need to take the exam again in an attempt to raise your score further? Likewise, if your credit score is already excellent, what is the benefit of making it perfect and what would be the cost of doing so?
Actually, we did this for our daughters and son and it has raised their credit scores by 143 points! We also co-signed for a used car for our son, who in a year, traded it in and bought a new one on his own!
long days, long night and working weekends. I learned the accounts receivables and collection business. The hardest part of the job was calling people for money. The most enjoyable part of the job was reaching the company monthly goals
Without even knowing it you might be doing things that are damaging your credit score, which affects your ability to get credit and the interest rate you pay when you do get credit. A 2014 survey by Credit.com found that consumers sometimes don’t understand which actions will and will not help them improve their credit scores.
i have a CS 612-629, jus got approved for 2 CC frm CapOne w/ $500 CL each. I have nothing on my credit report but a student loan paid off. i plan on charging 30% or $150 each card and pay bal full ea month. Is this fine to build my CS quickly n efficiently? i can only pay monthly but read some of u pay weekly, is weekly a quicker way to CS or bout same as monthly. I don’t like credit prefer save n buy cash but i want a car (new) in a year and house in two. lol please help, advise lol
Only apply for credit if you’re relatively confident you’ll be approved. Every application — whether you’re approved or not — can cause a small, temporary drop in your credit score, and those can add up. You don’t want to lose the points without getting the credit.
Well then you clearly have a high salary and don’t have to worry. And, by the way, you missed my whole point. People sometimes find themselves in financial predicaments through no fault of their own – job loss, illness, divorce, etc. – that can make life less than perfect and certainly not as neat and tidy as you seem to think it will always be. Life has a way of tossing serious curveballs at people. And if you live in a place like the Bay Area, that can knock you off course pretty harshly and very fast even if you think you’re ‘prepared.’

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