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    Category: credit repair

    How To Repair Student Loans

    Student Loans got you down? Discover 4 Ways to turn it all around and get the monkey off your back

    Jeri March 20, 2022
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    Don’t Pay Collections (Until You Do This First)

    Here are 3 things to consider before deciding to pay collection accounts. Become a member: https://members.flyycredit.com

    Jeri March 20, 2022
    0 Comments

    Why You Shouldn’t Buy Tradelines

    Jeri March 20, 2022
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    How To Create Financial Success in 2022

    If you REALLY want 800 credit scores, save thousands of dollars, 5X’s your income, and live a life of true freedom, you MUST hear today’s…

    Jeri March 20, 2022
    0 Comments

    4 Mistakes That Are Hurting Your Credit Score

    If you’re trying to build your credit score, you might be wondering whether you’re making any crucial mistakes. Building a solid credit score can get…

    Jeri March 20, 2022
    0 Comments

    How A Single Mom of Two Went From 545 Credit Score to Buying Her First Home in Less than a Year

    Look, there is nothing fun about having bad credit. But according to badcredit.org, close to 20% of Americans have a subprime credit score ranging from…

    Jeri February 15, 2022
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    From Bankruptcy to American Express Gold!

    Navigating life after bankruptcy can leave you feeling afraid and unsure of how to tackle the next chapter of your credit journey. In fact, most…

    Jeri February 8, 2022
    1 Comment

    Protect Your Credit from the Credit Grinch

    The Grinch may have stolen your Christmas joy in the past, but this year will be different. Because now you’re on a path to financial…

    Jeri December 27, 2021
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    © 2023 - Flyy Credit University
    Protect Your Credit from the Credit Grinch

    Forum Description

    The Grinch may have stolen your Christmas joy in the past, but this year will be different. Because now you’re on a path to financial freedom. Often after the holidays, we realize we spent too much money and now must jump on the road to recovery to survive another year.

    Listen, I understand how you can get carried away while loving on family and friends. Good food and drinks are constantly flowing. And soaking up the vibes makes you forget about your worries.

    While savoring those joyous moments, don’t go too hard with unplanned spending. That’s guaranteed to send the Credit Grinch your way. Instead … use these 5 tips to ensure your credit stays intact this holiday season.

    Tip #1: Avoid Overspending

    By now, you should have created a detailed budget that aligns with your goals and priorities. That way you know exactly what you can and can’t spend.

    Christmas should be a time for laughter and good cheer. You don’t want to be the Grinch, pouting in the corner, because you’re broke. So, stick to your budget and don’t let up!

    Tip #2: Watch your Credit Utilization

    Just because you have a high limit on your credit cards doesn’t mean you should max them out. Credit utilization is the amount of revolving credit you’re currently using divided by the total amount of revolving credit you have available.

    A low credit utilization rate means you’re doing a good job managing your credit. So, aim to keep your utilization under 30%.

    Tip #3: Monitor Your Credit Reports

    You know how they say, “freaks come out at night”? Well, scammers come out during the holidays. According to fbi.gov, credit card fraud accounted for $129 million in losses in 2020.

    So, keep a close eye on your credit for unusual changes. The last thing you need is someone destroying the hard work you did to build your credit and leave you to handle the cleanup.

    Tip #4: Make On-Time Payments

    Making payments 30 days or more late can drop your score as much as 100 points. And just one late payment can wreak havoc on your good credit standing. Plus, the impact of paying late takes longer to recover from than you may think.

    Want to keep your credit in good standing? Pay your bills on time. If possible, pay early to reduce interest.

    Tip #5: Skip the Store Cards

    While shopping in your favorite stores, you may be tempted to apply for their credit card to save money on your purchase. Now is not the time for new inquiries or raising your debt-to-income ratio.

    Look, the APR on store cards is higher than traditional credit cards. Do yourself a favor and only use the cards that add value with points and rewards.

    ________________

    Setting a budget for holiday spending and being conscious of tempting offers, is a great way to protect your credit during the holidays. By using these tips, you’ll eliminate stress and still have money left over to save or buy a gift for yourself. Need more tips for spending with purpose? Join the Flyy Credit University today by clicking here: https://members.flyycredit.com/

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