About AdrianG001

AdrianG001 · ‎May 18, 2020

1. List your debts. Take stock of where you owe your debts, the balances of these debts, and their interest rates. 2. Make a budget. Budget your income and expenses to see how much money you can throw at your debts. 3. Set goals. Strive to pay off your debts in a reasonable amount of time, so you can move on with your life. 4. Re-negotiate the interest rates. Credit card companies want you to pay them back. They want money, and they want to help you find a way to get them that money. If it means a lower interest rate, they just might be willing to do that. 5. Start paying them off. Start with the highest APR, it will save you money over time. Also, make sure to pay more than the minimum amount each month. 6. Scale back. Sell what you can. Cut costs where you can. Move into a smaller apartment. Take the bus to work. Stop eating out so much. 7. Ask for a raise. Re-negotiate your salary. Look for new opportunities to increase your income. 8. Make a side income. Start a side-business. Begin freelancing. Try blogging or making YouTube videos. 9. Put down extra money when you can. If you come across any additional income (such as an inheritance or bonus), throw that money straight at your loans. 10. Keep the frugal habits after you have paid off your loans. Keep saving your money. If you continue to practice frugal habits, you won’t be put in a debt situation ever again.

AdrianG001 · ‎May 18, 2020

I am going to list some simple rules to improve your credit line which I learned by reading some experts and then followed them in my life: If you already have credit lines open then don’t overuse them and always pay on time. If you can’t pay in full then at least pay minimum required on time always. Never utilize more than 30% of your credit limit on each card. If you do so it impacts negatively to your credit score. Do not apply for more than 2 credit cards in a year. Every hard credit check impacts negatively. Do not close older credit cards, even if it doesn’t give much benefit. Length of credit history matters. If you have bad credit or no credit don’t worry. It takes some time but easy to repair or improve your credit score. Open a secured card by depositing some money and use that for some period of time wisely (the steps 1–3 above) to improve your credit score in less than a year. Apply for Discover Credit card as they usually approve for credit low score as well and use it wisely (the steps 1–3 above) for improving or rebuilding credit score. Do not apply for retail store credit cards which are of no much use in building credit but hard hit for credit check may negatively impact.

AdrianG001 · ‎May 18, 2020

Begin Budgeting Pay bills immediately .Recognise your debt as a total sum you may use several debt vehicles like credit cards, personal loans and overdrafts. Depending on the type of debt, the levels of interest you have to pay varies. Manage your debt by eliminating your higher interest debt. This does not mean getting rid of your credit cards. This means shopping around for better products in the market. Don't settle for a credit card charging 25% interest when you can have a credit card charging 10% interest. You can also sometimes replace the debts which charge higher interest with a loan which is at a lower interest rate (such as replacing a credit card with a personal loan). Set up automatic debits from your accounts for over the minimum payments

AdrianG001 · ‎May 18, 2020

Cut all unnecessary expenses. Lease an inexpensive car or sell any that you went into debt to buy and get yourself a car that costs a few grand. This won't be permanent, but you have to do this for a few years, more or less depending on the size of the debt. Eat PB&J sandwiches, Ramen noodles, and some McDonald's maybe. If you have a good income then maybe you dont have to go thqf far, but just try ti spend as little as possible to keep a sufficiently comfortable life with roof over your head and food in your stomach. Then use the ridiculous amount of money you save to pay off the debt. If you make this a lifestyle then you can invest all the money you're not paying towards your debt anymore to invest for the long run. Self discipline is essential for this, however.

AdrianG001 · ‎May 18, 2020

Paying off debt is pretty easy if you're dedicated and try things, it's not that complicated. Just simple advice: - Cut spending dramatically (most people can save a lot by cutting food spending, also useful for losing weight) - Start saving up (you know the saying "a penny saved is a penny earned") - Find someway to make extra money outside of your regular income (through freelancing jobs, selling things, a different job, or something else) Just think of everything in smaller parts, rather than gaining all the money at once and gradually you'll pay it off. Like if you're $20,000 in debt, $20,000 might seem like a lot but if you look at it in different parts it's not that much: - Gaining $1, 20,000 times - Gaining $5, 4,000 times - Gaining $10, 2,000 times - Gaining $100, 200 times In my opinion it's important to not stress yourself out and just take things one step at a time. So if you start saving up and gaining extra money the majority of people should be able to pay off their debt in a year or so...but you really have to try.

AdrianG001 · ‎May 13, 2020

It's difficult to answer without looking at your detailed credit report. However, usually I find that swings in credit scores (with no changes in what loans/lines/cards you have) are due to the difference in reported balances on credit cards. Let's pretend you have one open credit card with a $10,000 limit. That credit card company reports your balance periodically. So if you checked your credit score a month ago and the last reported balance on your card was $2,000, the credit report will factor in that you were using 20% of your available credit limits which is pretty low. Now you check again today, and let's say that the last reported balance outstanding on your card was $3,000. As of that date you were using 30% of your available credit limit - still pretty low, but not nearly as low. All other things being equal, your credit score this month will be a little lower than last month's.

AdrianG001 · ‎May 13, 2020

Depending on who is checking your credit score, you could see a slight drop in your score. Before opening a new line of credit, understand the differences between hard and soft credit inquiries. Hard Inquiries vs. Soft Inquiries Hard Credit Inquiries When you’re applying for a new credit card or loan, the creditor will likely perform a “hard inquiry” or “hard pull” to check your credit score. This type of inquiry can slightly lower your credit score. It’s important to shop around for the right credit card for your lifestyle – with rewards and travel points, credit cards can be extremely beneficial if used responsibly. However, applying for multiple credit cards at once can be counterintuitive to your credit-building efforts, thanks to hard inquiries. If you’re applying for multiple lines of credit, creditors may interpret this as a sign of financial hardship and consider you a risk to approve. Before applying for a credit card, check the pre-qualifying information to see if you’re a likely candidate for approval. With a little research, and by running a free credit score check, you should be able to get a good idea of whether or not you qualify for a particular card. Another important distinction to make about hard inquiries is that they will always require your consent. If you believe there was an unauthorized hard credit pull that has lowered your score, be sure to dispute the error with the credit bureau. Soft Credit Inquiries A soft credit inquiry occurs when you check your own credit using a service like Turbo – or when certain agencies check your credit score. This kind of credit check does not impact your credit score. Soft inquiries will be recorded on your personal credit report, only available for your reference. Creditors will not be able to see or penalize soft inquiries. The following credit checks are typically considered soft inquiries: • Checking your own credit score • Employment credit checks • Pulling a credit score from your current credit card provider • Most property management credit checks

AdrianG001 · ‎May 13, 2020

There are multiple high and low risk factors due to which the score keeps on fluctuating. You can do a selfy analysis with this article https://turbo.intuit.com/blog/credit-score/why-did-my-credit-score-drop-2949/

AdrianG001 · ‎May 13, 2020

Your credit score plays a big role in how lenders determine your interest rates and how much you can borrow. Maintaining a good credit score can be the key to getting the things you want in life, from a credit card or a car loan to a home mortgage. Check it here https://turbo.intuit.com/free-cr[product key removed]t/

AdrianG001 · ‎September 9, 2019

Well, if this were true, no one would have ever been given a credit card. Right? The fact is credit card issuers want to give out credit cards, but they want to ensure a cardholder is a good credit risk. A good credit can be maintained by keeping your accounting very straight to the point. https://www.apps4rent.com/quickbooks-cloud-hosting/. There are budgeting tools which have proven to be effective. Regards, Adrian

Date Registered	‎June 7, 2019 11:24 AM
Date Last Visited	‎May 30, 2020 12:22 PM
Total Messages Posted	27
Total Cheers Received	3

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