<![CDATA[CreditFlex - Blog]]>Sun, 07 Feb 2021 07:35:18 -0800Weebly<![CDATA[Understanding Personal Credit Can Help You Attain Better Purchasing Power]]>Tue, 02 Feb 2021 03:58:48 GMThttps://creditflex.org/blog/understanding-personal-credit-can-help-you-attain-better-purchasing-power
Many people don’t realize that credit score has a huge impact on their financial stability. A good credit score can help you get all the nice things in the world like cars, homes etc. Unfortunately, many people do not monitor their credit score and are clueless about how it affects their living standards. Personal can is entirely based on the individual’s credit report contains are a lot information about the individual’s spending habits and punctuality of paying bills. It also contains the entire record of the individual’s credit history.    

If you want to significantly improve your purchasing power, it is vital that you learn what exactly is on your credit report. A good credit report can increase your purchasing power and a bad one can decrease it and can also make you pay more interest on the loans that you take on. Before making any big purchases, it is always wise to look at your report to identify any errors and discrepancies that may affect your purchase and may be even get your loan application declined. If you find any errors make sure to promptly report it to the credit bureaus.

We recommend that you at least take a close look at your report yearly. It is free! You can get your personal credit report whenever you feel like for a small amount of $10. Trust us, paying this amount and scrutinizing your report can save you from a lot of financial struggles. You get your personal credit report from each of the three authentic credit bureaus likes Experian, Equifax and Trans Union. The best thing is that if you have been turned down for credit by a lender you can view your report for free within 60days of that decision. But here, this exactly what we will show you how to avoid. 


In order to achieve your ideal buying power and not getting declined, you should look at your report as a creditor would. This way you can identify any problems that need fixing. This will also motivate you to pay your bills on time so that you can improve your score. A point to be kept in mind here is that if you are paying your bills on time make sure that report says the same too. Otherwise get it fixed as soon as possible to avoid any further decrease in your score. You also have to make sure that your debt is not near your balance as this is not good for your score and is not looked at as favorable. 
Keep in mind that your credit becomes more important if you do not have an extensive personal credit history yet. Be careful not to apply for a lot of credit in a short period of time as it can have a harmful impact on loan approval and interest rates.
Not much emphasis can be put on the importance of accurate information on your personal credit report. It can make all the difference. You have to make sure that all the information presented on the report is accurate. If you find a negative credit line that has already been satisfied then it is your job to report it immediately as this is in your best interest. Once you report it, it is the job of the credit bureau to investigate and fix the problem and adjust your report accordingly.
If you are actually careful with your report and mindful of your spending then you will most definitely attain the purchasing power you desire. Reading your report regularly and adjusting your spending habits accordingly will improve your personal credit and give you the financial stability you deserve. 
 
Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or info@creditflex.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!
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<![CDATA[True Credit Secrets]]>Tue, 02 Feb 2021 03:55:44 GMThttps://creditflex.org/blog/true-credit-secrets
Everyone is familiar with the term credit score but only a few know how credit scores work. Learning how credit scores work requires a lot brain power as it is not something very easy to completely comprehend. It is like learning Chinese or figuring out how to set an alarm on your DVD player. In other words, it is complicated.

This is no secret and most people agree with the fact that late payments are bad for our credit score. But with this fact people also tend to assume that late payments are the worst possible things that you can do to your credit score. But let me burst the bubble, late payment is not the worst thing that you can do to your credit score. Yes, you heard it right. Now let me explain.

There are many credit scoring models being used across the globe and all of them slight differences in their algorithms and serve a different purpose. You will be surprised to know that the most commonly used credit scoring systems are set up to predict only one thing and that is “how likely you are to have a 90-day late payment or worse in the next 24 months after your score is calculated.” These systems are used by financial institutions, insurance companies and utility companies as an efficient way to predict how risk a consumer will be. If your credit score is low, this is a clear indication that the probability of you paying your bills late is high. This low credit score also tells the creditor they are more likely to lose their investment by lending you the money. Once you fully understand this system, it will be a lot easier for you to positively manage your credit. 
 

As the scoring systems are focused on predicting your payment being late for at least 90 days, an old 30 or 60-day late payment does not damage your credit score as much as you thought it would. Provided it is an isolated incident and most of your payments are on time. Otherwise you really need to take a look at your spending habits. Habitually making late payments can also cause long term damage to your credit score. So, if one or two of your payments are 30 to 60 days late it is not that bad.
 
However, the entire situation changes if your payment is at least 90 days late. Due to this insane delay, the credit scoring system will consider you to likely repeat this mistake and are a risk to the creditors. I call this a mistake because no one in their right mind would delay a payment to over this period of time. You will be shocked to know that one 90-day late payment can damage you credit score for up to 7 years. In other words, the damage caused by a single 90-day late payment is equivalent to the damages caused by bankruptcy filing, a tax lien or a judgement. Here’s a summary of how late payments impact your credit scores:
 

30 Days Late
A payment that is 30 days late will only damage your score if it reported as “currently 30 days late”. Otherwise you are good to go. But if you have many 30-day late payments then expect real damage to your score.
 
60 Days Late
If your payment is 60 days late, you don’t have to worry much as this also damages your score if it is being reported as “currently 60 days late” and such late payments are not made often.
 
90 Days Late
If for some reason your payment is 90 days late then your score is in trouble. As this can damage your score for up to 7 years. Your credit score will drop as the scoring model now considers you to have a higher probability to repeat this again as compared to someone who has never been this late in making a payment.
 
120 Days Late
If your payment is 120 days late, it will not affect your score directly as the damage was done at the 90th day of delay. At this point your debt is usually “charged off” or sold to a collection agency and this is reported on your credit file thus lowering your credit score further.
 
If you continue to miss your payments beyond 90 or 120 days, the following records may also harm your credit score:


  • Collections
There are two types of collections. One that has been sold to a third-party collection agency and the other that has been turned over to an internal collection department. These collections are a result of late payments and regardless of which one is reported on your credit, it will damage your credit score.
will suffer.


  • Tax liens
    Tax liens are obviously not preceded with late payments on any sort of account. However, when tax liens are reported on your credit files, they have the same negative impact to your scores as any other seriously delinquent account. And having paid off the tax lien or have it “released” won’t increase your scores.

  • Settlements
    Settlements are the deals made between you and a creditor whom you owe money to. Usually the settlement is considered closed when you and the creditor decide an amount that you need to pay the creditor and close the case. The amount is usually less then the contractual amount. Even when the settlement has been made, it is reported on your credit report and thus damages your credit score badly.

  • Repossessions or Foreclosures 
    Both repossession and foreclosure are considered to be serious offences when it comes to credit rating and gravely affect your credit score. You might think that giving back your foreclosed home should have cancelled out the bad effect but that’s not how it all works. You made a commitment by signing a contract and you simply couldn’t live up to your commitment. This is an offence that does not go unpunished. And it is reported on your credit report causing damage to your credit score. It does not matter what the amount is. What matters is the time of your payment and that is considered to be the most important factor by most credit scoring models.


Now that you have familiarized yourself with the credit secrets, you should keep a few things in mind. You should make all your payments timely but remember being 30 to 60 days late in your payments isn’t the end of the world. You should start worrying when the delay goes up to 90 days. As this insane delay is a real credit score destroyer. We highly recommend that you avoid this 90-day delay at all cost.
 
However, if you already have a 90-day late payment on your record then your score has already dropped and you probably know it as well. Even with this record you can still take steps to improve your score. Make sure to thoroughly go over your credit report and identify and repot and discrepancies that you come across. Remember, you have a right to dispute any errors in report by law and you should not shy away from observing this right. Hire professional help to make it easier for you. Once you get rid of any errors and discrepancies you credit score will start to improve.
 
Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or info@creditflex.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!
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<![CDATA[The road map to what makes up a perfect 850 credit score]]>Tue, 02 Feb 2021 03:51:05 GMThttps://creditflex.org/blog/the-road-map-to-what-makes-up-a-perfect-850-credit-score
Ever wondered how you credit score is always between 300 to 850 and not below or above this range? Have you ever thought if you can actually achieve the perfect score? We will help you in answering all of these questions by giving a road map of the FICO scoring model which is used across the globe in providing credit score. This will help in better understanding your score and give you an idea of how to improve it when you see it decreasing.
Let’s Begin!
The credit scores are broken up into 5 categories. This basically means that you have exactly 550 points to take care of. Let’s take a closer look into these five categories and determine how to maximize your credit score. The five categories are following:

  1. 35% of your score is your payment history which is 192.5 points.
  2. 30% of your score is utilization which is 165 points.
  3. 15% of your score is the average age of credit which is 82.5 points.
  4. 10% of your score is inquires or new credit that you’re applying for which is 55 points.
  5. 10% of your score is the types of credit which is 55 points.
With the help of this road map, you can now easily understand where exactly are you losing or gaining your score from. We have had clients assuming that the loss of points in their credit report was our fault but it was due to them maxing out their credit cards. So, the secret here, not really a secret, is to me sure that you make all your payments on time. Furthermore, it is important that you do not apply for new credit unless you really need to. And make sure that you do not max out on your credit card and this has a bad impact on your credit score.
If you are careful with your credit card expenditure and follow the simple tips that we have provided then you can surely achieve the perfect score of 850 thus securing your desired purchasing power and financial stability.
 

Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or info@creditflex.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!
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<![CDATA[Is Credit Karma Authentic?]]>Tue, 02 Feb 2021 03:43:24 GMThttps://creditflex.org/blog/is-credit-karma-authentic
You will be surprised to know that Credit Karma, which people think is a credit monitoring site is actually a marketing and referral site. Yes, I was shocked too. They purchased Vantage scores for pennies on the dollar to market to you a score that actually isn’t yours. Another surprising thing about Credit Karma is that they also market credit cards to you that you can get because of the credit score (which isn’t actually yours) that you have.
 
When you fall into this trap and click the link to the referred credit card, they get $3 or $4 even if your application gets rejected. And if your application gets approved then they receive a commission of $30 or more.  If we look at the math, if 3 million users apply through their website and only 33% percent get approved then Credit Karma makes at least $33million quarterly. This huge commission is why you see their ads that look very authentic. They have an enormous marketing budget.


It is very important that you go on an authentic site to look for your credit report. One way to distinguish a fake site from an original is that an original site seldom gives free reports, you have to signup with a payment plan. The free sites that provide your credit report isn’t your own report and should not be trusted at all.
 

When it comes to credit scores, there are 65 different FICO credit scores combined through all of the credit bureaus. Each scoring model is used for the type of report you have applied for. If you are looking for a report that can help you in getting a loan is the FICO 8 score.
 
It is also vital to understand what FICO is. FICO stands for Fair Isaac Corporation and is used in most bank lending decisions. It is quite different from Vantage scores as it uses a different algorithm but far kore accurate and reliable. The score range is 300-850, 30 being bad and 850 being the best. So, make sure that you get your credit report from one of the authentic sites that provide FICO scores. If you are getting your report from Equifax, it will be Equifax Beacon 5.0. If you are getting it from Experian, it will most likely be Experian Fair Isaac Version. As for Trans Union, your score will be TU FICO Risk Score Classic 04. 
 
It is advisable that you ask your lender to verify the version of your report before having them to take out your credit inquiry for a loan. We recommend it because this could be the difference between you getting a 3% mortgage or having your request rejected.
   
 We sincerely hope that this article helped you in clearing some of the confusions that you might have regarding your credit score. Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or info@creditflex.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!
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<![CDATA[How to read your credit report]]>Tue, 02 Feb 2021 03:27:44 GMThttps://creditflex.org/blog/how-to-read-your-credit-report
How to read your credit report


A good credit score can be the difference between getting a loan with minimum interest rate and not getting one at all. The new federal law passed in September 2005, provides people with a free annual credit report. This law was passed to allow everybody to verify that their report does not contain any false information and thus save them from a lot of hassle and also provide them with a free authentic credit score. You can request your free credit report by clicking on the following link. www.annualcreditreport.com
Even after having this amazing offer of getting a free credit report, most of us wont even bother to read it. Primary reason being, unaware of the terminologies and abbreviations used in the report. But it is okay. We are here to help you out. Credit reports are usually divided into section i.e. Identifying Information, Public Records, Credit History and Inquiries by creditors.  
The first section, Identifying Information includes your name, address and social security number. When reading your credit report make sure that this information is accurate. If not, make sure to report it to the credit bureau promptly. This section may also include your previous addresses, spouse’s name and employer information.        


The second section, Public Records, shows your record of bankruptcy or judgement. You should hope that you don’t ever have any information here as this harm your credit in the worst possible manner. And it becomes really difficult to repair your score.
The third and the most confusing section of all is the history section. This includes the entire history of your business dealings with all the creditors you have interacted with. This includes all the accounts that you currently have open, the balance you have in the accounts, accounts with no balance and the account you are using to pay your bills. The format in which this section appears on your report differs depending on the credit report agency that you use to get your report. While Experian uses simple terms like “pays on time”, “pays 30 days late”, other agencies might use numeric codes that you might have to on a table on another page that shows their meaning. So, which every agency you use make sure to read the report carefully and make sure that every single detail on your report is accurate.
The fourth section is called “Inquiries” and shows the list of everyone who has had a look at your report. This includes all the credit companies that you have contacted for a loan or a credit card. This section also includes “soft enquiries”. These are enquiries usually made by retails stores or credit card companies looking at your report to determine whether to send you an offer or promotion related to their credit cards. These enquiries are harmless and do not affect your score at all.

If you have been denied credit, worry not. You can get a copy of your credit report and find any discrepancies which may have caused this. There is always a possibility of errors in your report therefore, we highly recommend that you find errors in the report and report them immediately to the creditors. Closing your old accounts that you do not use at all will also boost your score.
If you require any assistance regarding your credit report or are just looking to buy a car or a house and are looking for free consultation from a specialist, please click the link below. 

Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or info@creditflex.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!
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<![CDATA[Here are Five Factors to Consider When Selecting A Personal Credit Card]]>Tue, 02 Feb 2021 03:21:19 GMThttps://creditflex.org/blog/here-are-five-factors-to-consider-when-selecting-a-personal-credit-card
Owning a credit card now a days is so common that every single one your acquaintance probably has one. And now you are looking to get one for yourself to enjoy the shopping freedom that it provides. However, it is vital to know exactly what you are getting for yourself. You should not be attracted by a few perks offered by credit card companies. Although some of these perks and offers may be very attractive, here are a few key things that you should consider before signing up for a credit card.

FEES
When getting a credit card do not just be attracted by the perks it offers. Always look for the total fees that they charge if you use their credit card. Credit card companies charge a variety of fees which include annual, closure, over-the-limit and late fees. You should always look in to this because all credit card companies do not charge the same. Let’s take a look into the type of fees your credit card company might charge you.


Annual Fee
This is the membership fee that is charged annually for using the credit card. The annual fee can range from $25 to $250 depending on the type of the credit card you have got.



 
Closure Fee
Many companies also charge a fee for closing an account. This is called the closure fee. This fee can range from $25 to $50.

Over-the-Limit Fee
When your purchases and expenditure pass the credit limit than companies charge you for the exceeding amount. Mostly the companies charge around $25 depending on the amount exceeded.

Late Fee
The late fee is charged when your payments are past due. Late payment of your bills can also result in an increase in your annual percentage rate.

ANNUAL PERCENTAGE RATE
The Annual Percentage Rate (APR) is one of the most important factors to consider when choosing a credit card. This is basically the interest rate applied to the outstanding balance. You should prefer a card that offers low interest rates. The APR on different cards differs and should be looked into when selecting a credit card.


CREDIT LIMIT
The credit limit is the amount of money that is available for purchases, cash advances, balance transfers, fees, and finance charges. You should always consider the credit limit being offered by the credit card companies. Credits can start as low as $200 and go up to thousands of dollars depending upon your credit score and income.

SECURED VERSES UNSECURED CARDS
There are two types of credit cards namely, SECURED and UNSECURED. For Secured cards users have to pay a deposit in order to obtain credit. And the credit limit on these cards is determined by the deposit payed. The Unsecured cards on the other hand, are the most popular and widely used cards across the globe. Their credit limit is usually determined by your credit score and your income. You should careful in choosing the type of credit card you desire as it as a major affect on your financial stability.


GRACE PERIOD
The Grace period is another important thing that you should consider while choosing the right card. The grace period is the time required to pay you credit balance in full without incurring any interest charges. The grace period differs company to company. The ideal card will provide you with the grace period of 25 days or more. One thing to be kept in mind is that you if you carry your balance from month to month and do not pay in full you will be charged with an interest irrespective of the grace period. This does not include the new purchases that you make.

PERKS AND REWARDS
Although when choosing the right card for yourself, the perks and rewards aren’t supposed to be a priority. But if you have considered one while giving attention to all the points discussed above then there is no harm in looking at the perks and rewards. Many companies offer Reward Programs that offer Airline mileage and cash back on your purchases. Some also discounts at select merchants and credit registration which protect you if your card is lost or stolen. Once again, perks should only be a priority if you are frequent shopper. Otherwise forget the perks and concentrate on the points discussed above.

Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or info@creditflex.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!
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<![CDATA[I understand why it may be embarrassing]]>Tue, 02 Feb 2021 03:15:47 GMThttps://creditflex.org/blog/i-understand-why-it-may-be-embarrassing
I understand why it may be embarrassing.

Most people don’t really care about their credit report unless they are out to buy a new car or get a loan. It is sometimes embarrassing that you go to a lender and he tells you that your credit score doesn’t meet the minimum requirement. And you start wondering what could have gone wrong. You should be a little relieved when I tell you that you are not alone and this problem is very common.
 
From experience as an ex car salesman I have noticed that not many people know what exactly is on their report. This is a major problem which results in rejection of loan applications. When people actually take a closer look at their report, they find a few things that they want to remove from it.


If you have a bad credit score, worry not. Credit repair can help you remove the negative points from your report and your credit score will slowly start to rise. Remove negative credit lines and start paying your bills on time and make sure you don’t have a lot of credit balance to pay. These steps will slowly bring your credit score back on track. It is that simple.
 
To begin repairing your credit, you will first need an authentic credit report. Once you have your report you will need to identify the negative credit lines that are affecting your credit score and that need to be removed. After you have identified the negative lines you will have to raise a dispute with the credit bureau. If you have time you can do it yourself as it is a long process. Otherwise you can hire a professional to do it for you. A professional would usually charge about $45 a month for three to four months that are required for the process. Once you raise the dispute the credit bureaus will have 30 days to prove that you owe the debt or else, they will have to remove it from the report. You can download the dispute form from the link below. However, you need to keep one thing in mind, that only raising a dispute will not improve your score much, you will have to add good credit to raise your score.   
 

Adding positive trade lines to your credit score isn’t that difficult. The easiest way to do so is by using credit cards. All you need are two or three open lines with online payments and your score will raise in four to six months. One thing that you should be careful about is credit card scam. Make sure to carry your only when it is necessary. Otherwise, identity theft can get you in a lot of trouble worsening your credit score. You should keep your credit limit low so that you can make low bill payments and improve your score. If you want professional help you can click the link below for free consultation.      

Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or info@creditflex.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!
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<![CDATA[A lot of our clients ask us "Can they dispute their own credit scores?]]>Tue, 02 Feb 2021 03:12:24 GMThttps://creditflex.org/blog/a-lot-of-our-clients-ask-us-can-they-dispute-their-own-credit-scores
If you are one of those people who actually care about their credit score then you probably read not only the annual report but also pay for one or month during a year. You must be aware of the fact that personal credit report has a big impact on your purchasing power and the credit score that you have, can either get you a loan with low interest rate or get your application declined. In order to maintain a good credit, you must go through your report to see how you can improve it and to identify any discrepancies. One question that we are often asked is whether you can dispute your own credit score or not? The answer is Yes you can. Under the Fair Credit Reporting Act (FCRA), you have the right to challenge inaccurate, misleading and obsolete items appearing on your report. This is your legal right and you should not shy away from observing that right. Here we will provide you with the important information necessary for the possible restoration of your credit.
Before you start doing something about your credit, there are few things that you should know about your credit score. Your credit score is based on many factors some of them are:
  • Length of credit history
  • Amount of credit currently being used
  • Amount of available credit
  • Payment history
  • Recent requests for credit
Under the Equal Credit Opportunity Act, credit scoring may not use gender, marital status, national origin, race, or religion as factors.

Now that your familiar with factors that make up your credit report, let us answer the question that is “can an inaccurate credit be deleted?”. The answer is yes it can. Inaccurate credit listings are deleted every day from people’s credit reports. But in order to get this done, you might need some professional help. A professional can assist you in repairing your credit by using every option available to you under law.

You can also seek assistance from our firm, as everyday we help many of our clients in challenging inaccurate entries in their credit report by utilizing every single option available to us under law. We at Credit360 make sure that our clients get rid of unjustified negative items on their report and help them improve their credit score. With our services many of our clients have been able to fulfill their dreams of buying a house and getting a new car.
 You must also be wondering how long it takes to see results. Well, normally people start seeing results within the first 45 days of using our credit repair services. It might seem like a long time but you must know that most of the time is spent waiting for the credit bureau to respond to requests. As an example, we would like to tell you that it requires a commitment of 3-4 months for a client with 7-10 inaccurate entries in his or her credit report.
Now before you start feeling relieved and worry free you must keep in mind that on time payment of bills is still necessary. The negative item might have been removed from your report through our services but you still owe the money. So, if you don’t pay the money back, the collection agency can always report it back again. 
If you still require any assistance regarding your credit report or need services in handling your dispute please talk to our experts. At Credit360, We have helped thousands of hard-working Americans by removing inaccurate, misleading and unverifiable items from their reports. Our team of experts have challenged and deleted items like bankruptcies and charge-offs with ease. So, if you come to us, you can be confident that your case is in good hands. We are one of the best in business as we don’t have any hidden charges and we offer unlimited disputes and charge our clients per deleted item. We also recommend that you do you own research before choosing the firm to handle your case. We are confident that you will find us to be the best. 

Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or info@creditflex.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!
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<![CDATA[Here's How to Avoid Getting Into Identity Theft Trouble]]>Tue, 02 Feb 2021 03:01:52 GMThttps://creditflex.org/blog/heres-how-to-avoid-getting-into-identity-theft-troubleWith the digitization of the banking services, the credit card industry has been growing at an unprecedented rate. According to some reports, an average American Household has at least one credit card in use and according to a survey, approximately 81% households in the United States use a credit card.
This report shows that every day more and more people are being inclined to get a credit card due to its many benefits. However, with benefits, credit cards come with some disadvantages as well. Huge debt and identity theft being on top of the list. As credit cards allow people shop with the money that basically isn’t theirs, it allows thieves to take advantage of this and commit fraudulent activities by identity theft. According to FBI, 350,000 up to 500,000 cases of identity theft are reported in the U.S. every single year. This is an alarming number and people need to be made aware of this fraud.
So, what is identity theft? It is when unscrupulous people illegally use your information (social security number, financial data) for their own personal benefits. This happens when the victim discloses his or her personal information to these thieves and ends up in a financial debt hole. Therefore, it is pertinent to know how to avoid identity theft. Here are a few steps that you can take to avoid it.

Picture
  • Protect your Personal and Financial Information
    The first rule of protecting yourself from identity theft is to never ever giveaway your personal information over the phone. You never who the caller actually is and what he might do with your info. Even call verifications from your bank never ask for your credit card details. 







  • Avoid free Offers that Involve your Credit Card
    Every now and then we come across very attractive offers online that just want you to pay for shipping. This requires your credit card details, most of these offers are a scam and can cause grave financial harm. Avoid them at all cost unless they are from original reputable companies.
  • Check Your Reports Regularly
    Most people are too lazy to regularly check their credit card reports. Don’t be one of them. Checking your reports regularly allows you to identify any problems or discrepancies on time and you can avoid any scams.



  • Carry Your Card Only If You Need it
    Carrying your credit card everywhere is a huge risk. You never know who you will come across in a public area. Carrying it while going on a night out is a big NO! You’ll be too drunk to notice that you have crossed your spending limits. Don’t be a victim of your ignorance. Be responsible, be safe.
These are a few steps that you can take to avoid identity theft. It is becoming a norm and should be stopped. And only you can protect yourself from these scams.
Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or info@creditflex.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!
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<![CDATA[10 things that you can do to make sure that your credit is always in good standing]]>Tue, 02 Feb 2021 02:01:15 GMThttps://creditflex.org/blog/10-things-that-you-can-do-to-make-sure-that-your-credit-is-always-in-good-standing
In the digital age, almost every adult has a bank account and is familiar with the term “credit” or “credit score”. But not many people take their credit score seriously. If you are looking to get a decent loan you will have to make sure that your credit score has a good standing otherwise your loan request has a high probability of getting rejected. It always best to maintain your credit score. Here are a few things that you can do in order to improve your credit and maintain it on a decent standing.
 

  • Timely Payment of Bill
    Not much emphasis can be put on the importance of paying your bill on time. Late payments gravely effect your credit and make you less reliable for lenders. It is therefore highly advised that you make your payments on time because a history of consistent on time payments can help you improve your credit and make you eligible for decent loans.

  • Full Payment of Bills
    It is always a wise choice to pay your bills in full. This saves you from finance charges especially credit card interest rates and makes your credit reports stronger.

  • Avoid Credit Card Balance
    Carrying a credit card balance of more than 50% severely effects your credit rating it is always good to avoid credit card balance.
  • Always Check Your Credit Reports
    Any incorrect information on your credit report can harm your score in the long term. It is therefore, advisable that you always check your credit report and get any discrepancies fixed as soon as possible.

  •  Bankruptcy-Friendly Card
    If you are going through financial difficulties and have file for bankruptcy, it is highly recommended that you start rebuilding your credit with a bankruptcy- friendly card. It might offer higher interest rates but it will assist you in raising your credit score to a decent position.

  • Close Unused Accounts
    If you have old accounts that are not being used, you should have them closed and reported to the credit bureau. Open old accounts may make lenders think that you might increase your debt load substantially. Thus, making you a liability.

  • Don’t Apply Excessively for Credit
    Applying excessively for credit will have bad impact on your credit score and will decrease its standing.

  • Use Your Credit Card Wisely
    It is never a good to spend outrageously with your credit card. Spend on things that are necessary and avoid over spending.

  • Set the Right Credit Limit
    If your credit card offers a high credit limit than it is highly recommended that you call the creditor and get you limit reduced. Less limit will reduce the temptation of buying eccentrically and save you from a huge burden of loans. This will improve your credit as you won’t have much to pay back and lenders will find you desirable.

  • Review Your Information
    The best way to improve your credit score is to review your information with the most authentic credit bureaus i.e. Experian, TransUnion and Equifax. You can get a free copy of your report every 12 months at AnnualCreditReport.com

If you follow these guidelines then you will have no trouble improving your credit score and getting that loan that you so need.
 
Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or info@creditflex.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!
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