Holiday credit ideas.

Please feel free to cut and paste or forward and share this with your clients, family, and friends!! See below for our special pricing you will only see once a year…..if you or your clients have been waiting to get your credit to another level now is your chance!! Make 2017 the most amazing year yet J

As we enter the holiday and shopping season we like to live in the moment and don’t always think of what that might look like come January or the spring. Allow me to share some easy tips and tricks!

Credit Tips for the Holiday Season:

1) Create a game plan for any major financial decisions in the next 6, 12 and 18 months be it a refinance, purchase or any other financial decision. The spring may seem far away yet it is just around the corner.

2) Check your credit report for errors – 80% of all consumers credit reports contain errors, most can be corrected in one months-time.

3) Make sure your credit card balances are low! Every credit card you own should be below 20% of its limit at all times! Start by paying your smallest credit cards down first. If you want your balance to reflect as low as possible pay before your bill before the cycle close date not the due date.

4) Don’t open new accounts – New accounts can quickly damage your credit score and decrease your length of credit history. It can be very tempting to open new accounts for the special financing offers or percent off discounts, be aware of the effect on other buying decisions. If you know you will be opening new accounts do it all at the same time so they age together.

5) Try to avoid multiple credit inquiries – every time a lender pulls a credit report it can damage your score between 2 and 5 points! Don’t believe it when you are told that inquiries don’t count.

6) Make all payments on time! A single late payment on any account can decrease a credit score 150 points!

7) Be cautious and attentive when activating credit cards not to inadvertently sign up for e-statements (if you have not provided an accurate email address) or for credit insurance which bills in arrears.

8) Open all of your mail, this is the time of year that companies want to close out their books and any unpaid bills can end up in collections.

8) Consult with a Credit Specialist – Riverstone Laws FICO Certified Credit Experts will give you a full, FREE in depth analysis on your credit file. We will outline potential improvements and give you a game plan moving forward to ensure your credit score will reach its highest potential.

Should any of the above be unavoidable don’t stress there are solutions this is a guideline not a rule……life is about living!!

Alexandra Erlich