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With our financial recovery service, we preform an analysis with you reviewing negative items on your credit file to find inaccurate reporting that could be impacting your credit score. Our focus is educating each client with tips and tools to increase their buying power.
Managing your credit cards can be a tricky endeavor. It is important to stay informed on your spending and be aware of your credit limit. You should also consider setting up automatic payments to ensure that you don't miss any payments. To stay on top of your credit cards it is also a good idea to use budgeting tools.
Frequently applying for new credit can hurt your credit score, so make sure you really need that new card before you apply for it.
If you don’t pay the total minimum payment on your credit card bill, your credit card company may report it as a missed payment.
To avoid residual interest, call your credit card issuer and request a calculation of the exact amount owed on the date you expect your check to arrive or your online payment to process, and pay that amount.
If you have a high credit limit and you keep your balances low, your debt-to-credit ratio is also low, which can help your credit score.
Credit cards are great tools for building your credit, and you don’t need to carry an unpaid balance to do so. Your best strategy is to use your credit cards and pay off the bill in full each month, so you keep your overall debt-to-credit limit ratio low.
Ten percent of your credit score is determined by the type of credit you have.
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