How To Build Credit

Fundraising with pizza is a great idea for most any size group. It provides your buyers with something everyone wants, and can be very profitable as a fundraising idea. There are three different types of pizza fundraisers: 1.  sales of pizza by the slice 2.  sales of pizza fundraising discount cards 3.  sales of pizza supplies - make your own kits Each of these fundraisers varies in effort, requirements, and profitability. Let's take a brief look at each one. Pizza Fundraising By The Slice This is a quick and easy profit source for just about any type of youth sports team. You … [Read more...]

When it comes to how to build credit, it's very difficult to know which ways are effective and which ways aren't effective. The bureaus are always changing the way they formulate scores, and nobody really knows the exact formula that FICO uses to apply a score to a persons file. We do however have enough information that FICO has released that lets us put together, very accurately, proven methods to start increasing your score. Depending on your current situation (if you're starting with a clean slate or have had some financial issues like that lead to problems on your report) the time it will … [Read more...]

Have you had serious credit issues but managed to get through them with credit repair? Then you need to start building positive credit. There are a couple ways to do this. If your credit repair efforts were successful, then you should be much happier with the looks of your three credit reports now. There shouldn't be as much 'derogatory' credit on your reports. Accounts will have been updated or wiped away if you repaired your credit properly. Now your goal needs to be building new credit. This will become very important if you ever want to purchase something 'on credit' again. This situation … [Read more...]

As real estate agents, we get a lot of questions about financing a home. With the credit crunch that we're seeing right now with home loans, I wanted to write just briefly about how buyers can build credit before they buy. If you know that you'll be buying a home in the near future, you may as well take advantage of the time you have to work on building credit. Two things are very important when building credit. First, you need to have a high limit and a low balance. The more you have of this combination, the better your score. Second, you need to make your payments on time. These two things … [Read more...]

An effective method to improve your credit score is to have an open unsecured mastercard or visa. This card should carry a monthly balance of about 10% of your credit limit. In other words if your limit is $1,000 then try to keep the balance around $100. This shows the credit bureaus two things: 1. Your credit is being used. 2. You have a good ratio of available credit to debt. In other words you have available credit at your disposal. The credit bureaus weight this factor heavily when they calculate your score. By showing you have credit that is not being used; your score will get … [Read more...]