Personal Credit Coach

CFPB Director calls Trump a ‘smart man,’ then asks him to drop class-action ruling

Stephen Leifer - Friday, November 03, 2017
https://www.marketwatch.com/story/cfpb-director-cordray-calls-trump-a-smart-man-asks-him-to-drop-class-action-ruling-2017-10-30 ..

Effective Steps to Protect Your Credit

Stephen Leifer - Wednesday, September 13, 2017
Your credit score has a dramatic impact on many aspects of your life. , Your credit scores dictate what credit you are eligible to receive and at what interest rate you will pay for that credit. Due to the importance of your credit profile and scores, it is critical to safeguard. Here are a few tips to accomplish this: Monitor Your Credit It is important to periodically check your credit reports. This can help you find errors and more quickly detect and solve a p ..

Student Loan Debt: Avoiding these Mistakes Can Save You in the Long Run

Stephen Leifer - Friday, August 18, 2017
Student loan debt is a challenge for many young adults. Not only can it be difficult to make payments when you are just out of college and looking for a job, it can continue to weigh on your budget even after you are earning a steady income. Paying off your debt is the best way to prevent problems, but there are a few other things you can do to help your cause: Do not Wait Until the Grace Period Expires Everyone with a student loan is given a grace period after  ..

Acing Your Loan: What You Can Do to Help Your Cause

Stephen Leifer - Friday, August 11, 2017
It does not matter what type of loan you are seeking, there are a few things you can do to improve your chances for approval. Your work starts before you fill out a single loan application. Here is what to do: Review Your Credit Report Loan candidates are judged by their credit scores. Your credit report will be reviewed by the people determining whether or not you are eligible for the loan you are seeking. Also, if you are approved, the interest rate will also be determi ..

Why Some Consumers May See a Significant Jump in their Credit in July 2017

Stephen Leifer - Wednesday, July 26, 2017
New improved standards for using public records became effective in July 2017 for credit reporting companies. The new changes will result in the increase of many individuals’ credit scores, some as much as 20 points. The major changes are based on excluding information related to tax liens and civil judgments on consumer’s credit reports. About seven percent of the American population will benefit from the changes. Having a higher credit score can result in a number of pos ..

Three Ways People Ruin their Credit with Credit Cards

Stephen Leifer - Wednesday, July 19, 2017
Behavior patterns and financial decisions related to the use of your credit cards can have negative consequences to your credit status. Mistakes that may cause a significant lowering of your credit scores include: Making Late Payments Making late payments (30 days or more) will cause significant damage to a person’s credit. Lenders see this action as an indication of poor money management or that a person has too much credit available to them based ..

Have Bad Credit But Need a New Vehicle? Here’s What To Do!

Stephen Leifer - Friday, June 30, 2017
Good credit opens doors in the financial world – including doors to purchasing a new vehicle – but what do you do if your credit is shot and you need a new car? It is possible to buy a new vehicle even if you have bad credit, but you need to do the following to make it work: Before shopping, check your credit score. It might be better than you think – but it could also be worse. Either way, try not to get too emotional. You want to know what you are dealing wit ..

How Your Credit Score Affects Your Student Loan

Stephen Leifer - Friday, March 10, 2017
Student loans are often the first thing that appears on a person’s credit history. Despite having to make installment payments, these type of loans usually do not hold the same value as credit card, vehicle, or other loans when it comes to establishing credit. However, the amount owed on your student loan does have an impact on your credit score – and since student loans are often tens of thousands of dollars, the effects can be devastating. Your loan can help you build credi ..

My Credit is Bad - Can I Still Apply for a Card?

Stephen Leifer - Wednesday, February 15, 2017
The key to repairing credit mistakes is showing you can use credit responsibly, but how do you get a credit card if you have bad credit? Despite making credit mistakes in the past, it is possible to secure credit if you have a low credit score. The downside to having a damaged credit history and low scores is that you will likely have low limits, annual fees, and high interest rates. You will also probably need to choose a secured card that requires you put down collateral.  ..

Why Even 800 FICO Scores Can Still Result in Denial

Stephen Leifer - Wednesday, October 26, 2016
You have worked so hard to achieve that 800 credit score and are shocked when your application for a new credit card or loan is swiftly denied. In this more conservative age in lending, a near perfect credit score does not guarantee acceptance of every application.Furthermore, credit scores are considered in addition to other factors. Some reasons you may still be denied include: Employment or Income Matters FICO scores do not indicate whether you are currently ..