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9 things to Do to Spring Clean Your Budget

Kaylynn Smith - Wednesday, May 10, 2017
As a credit and financial adviser. it is important that I bring your attention to areas of your financial future that are important. Today I would like to share some tips I recently found with you on how to start cleaning up your budget: 9 things to Do to Spring Clean Your Budget by Tracie Forbs of Credit.com Many of you probably have a spring-cleaning ritual. It is the time of the year when you wash the windows, air out the bedding and declutter. However, have you ever thought a ..

Ways To Reduce Your Tax Bill

Kaylynn Smith - Friday, April 21, 2017
The following article written by Brian Acton of credit.com advises of ways that next year’s tax bill can be decreased. A lot of my friends were surprised by the amount of money that they would have to pay this year so I figured finding out some new tips would be quite helpful for the year ahead: 11 Ways to Reduce Next Year’s Tax Bill If you claimed the right number of dependents and standard deductions on your 2016 federal income tax return and you still ended up owin ..

Why Do Credit Scores Vary Amongst Credit Bureaus?

Kaylynn Smith - Wednesday, May 25, 2016
One of the main criticisms of credit scoring is the extreme variation between credit scores. Studies have shown scores to vary as much as 100 points between credit bureaus. Why Do Credit Scores Vary Amongst Credit Bureaus? There are several reasons for this: 1. Not all creditors report their information to all three credit bureaus, and if they do, they may not report the same information at the same time to each agency. For instance, let’s say you have  ..

Protect Your Finances This Season

Kaylynn Smith - Wednesday, December 02, 2015
When it comes to protecting yourself and credit cards we typically only consider identity theft being an issue. This is not the case, well not the only case. Jason Steele of Credit.com highlights the effects that using credit cards may hurt your finances in the article below and how to avoid the hole that people often dig themselves into. As another hectic holiday shopping season approaches, perhaps the biggest differences between this year and years past are that some retailers  ..

A must read on improving credit scores!

Kaylynn Smith - Thursday, November 12, 2015
There are many times that consumers take the wrong steps to repair their credit and end up hurting themselves rather than helping themselves. Geri Detweiler of credit.com recently released the following article on a few ways to do nothing in order to help your score. I have taken some of her tips and adjusted them so that they will better serve you! Call it the “lazy person’s way to better credit.” Or the “zen” approach, if you prefer. Here are s ..

The Bureaus Get Rich On Bad Credit

Kaylynn Smith - Friday, October 02, 2015
Did you know the credit bureaus are able to make money off of consumer’s poor credit? The job of selling data comes at a price. Depending upon what type of data you need, as a data purchaser, whether you're buying data to evaluate whether or not someone's a good credit risk or you're buying data to send a marketing message to, for a new credit card offer, data is extremely valuable. Credit bureaus make money selling data, so now we have to look at what data is the most valuable data. T ..

Secrets of Building Business Credit.

Kaylynn Smith - Friday, September 25, 2015
Obtaining credit for a business with no personal credit check and no personal guaranty is very appealing. One might say this is the holy grail of owning a business, being able to obtain massive amount of funding while using the business itself as collateral. There are many steps to building an exceptional business credit profile. Each of these steps is essential in obtaining business credit with no personal guaranty. Here are some of the steps you will want to take when building business cre ..

Debt Collectors to Refund $60 Million to Consumers

Kaylynn Smith - Friday, September 18, 2015
Last week Bob Sullivan of Credit.com released the following article regarding a lawsuit brought against Encore Capital Group and Portfolio Recovery Associates. The lawsuit resulted in a win for consumers and the two companies will be paying $60 million back to consumers and have been ordered to stop collection on several other debts due to fraudulent collection attempts. Its articles like this that remind us how important it is that we help our clients to verify all debts prior to just ..

Global Growth Concerns

Kaylynn Smith - Thursday, August 27, 2015
I thought you would be interested in the following commentary from Investment Strategist Kate Warne on what's driving the stock market's decline and what to keep in perspective. ****** Stocks Slide on 3 Global Growth Concerns Stocks and bonds have been volatile this year, with many large daily price moves. But last week's bigger stock market decline still may have surprised you. The S&P 500 and the Dow Jones Industrial Average (Dow) both dropped 5.8% over the past week. Th ..

These Work!

Kaylynn Smith - Wednesday, August 05, 2015
Wouldn't it be nice if you could just add an account to a your credit report, and it automatically has a 2 year PERFECT payment history? Well you can, AND it is 100% legal. Authorized user accounts are the only legal way to back-date credit reports and add past positive credit history. An authorize user is when a spouse or family member calls their existing credit card company, and asks to have you added as a user. This allows the consumer to use the card, but they are not required to have the ..
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