UtahCreditCoach uses a unique software program we call "Home Sweet Home." The program guides you, step by step through the process, coaching you to reach your credit goals. Once you are enrolled, you are able to log into the system, anytime, anywhere and work towards improving your credit scores. REGISTER HERE FOR A FREE, PRIVATE CONSULTATION!
30 points in 90 days!!! Yes this person is very happy! So Whats Stopping You? Whats holding you back?
Is it the fear of seeing where your scores at?
Is it that you are fearful of meeting with a credit coach and going over your credit report?
Is it that you fear the commitment?
Are you afraid of having to take that first step and changing how you handle your credit score?
It can’t be the cost, $89 dollars for a whole year of credit coaching and having a tri-merge lender credit report rescored every 90 days for a year. UtahCreditCoach What a bargain. Coaching and customized plans just for you.
I promise its not scary. Take that first step! Sign up now, Tax refunds will be on there way soon. Make sure you spend them wisely with a plan on how to improve your credit and the steps to take so you can work on improving your credit score and getting into your dream home.
UtahCreditCoach.com #2 question asked: How Does Your Coaching System work….will you do the work for me? For More Information check us out at UtahCreditCoach.com If you would like a private consultation click on the link and fill out the form.
I highly recommend “Home Sweet Home” Credit Coaching Services as part of “Josh Mettles Lending Team” and here is why:
I’m a full-time Real Estate Agent and like many buyers was looking to buy a home in this fantastic buyers market. I put in an offer on a short sale home, filled out a loan application with Josh, and had him pull my credit. I found out my mid-credit score was 649. I was stunned! I hadn’t had a late payment since 2007 and thought my credit was better. I really wanted to make sure I qualified for the best interest rate known to man (with interest rates currently around 4%) and with my score at 649 that wouldn’t do. Josh told me I needed my mid-credit score to be atleast 680 to qualify for this best interest rate. I knew getting my score to this 680 level would save me ttens of thousands in interest over the long haul of my loan. So, I hired “Home Sweet Home” and they sat me down and I went over everything I could possibly do to quickly bump up my score. Immediately, I did everything they asked and in 45 days I found my mid-credit score went up 48 points from 649 to a wopping 697. I am now over the hump and will save tens of thousands on my home loan. I will continue to recommend “Home Sweet Home” and “Josh Mettle Lending Team” to all my clients whom I work with that are in need of higher credit. Thanks “Home Sweet Home” and Josh Mettle Lending Team!” ~ Dave G.
Incredible!!! Roughly a $98,000 savings when you buy a home vs. continuing to rent
The following breakdown is based on monthly rent of 1200/m0nth with 40/m0nth in renters insurance vs. home purchase price of 225,000 interest rate 4%, 30 year loan, home owners insurance of 400/year and property taxes of 1500/year.
Something to think about, so if you feel that renting gives you freedom, you seem to be paying a lot of money for that freedom.
If you are unsure if you would even qualify for a loan? Ready to move forward and get going on buying a home? Need to refinance? Check us out www.UtahCreditCoach.com You would be amazed at what we can do. Why wait, you’re just flushing money down the drain.
Many people are unclear of what exactly makes up their credit score. There are 5 separate categories that all weigh in on your score. Here is the breakdown:
Payment History: 35%
Amounts Owed: 30%
Length of credit history: 15%
New Credit 10%
Types of credit: 10%
Roll them all together and you have the number that dictates different aspects of your life. Your mortgage rate, whether you can get a loan, your insurance rate, employers look at it when you’re trying to get a job, phone / cell phone companies pull it when you want to purchase a cell phone, just about everywhere and everyone wants to look at your score to judge who you are………
Do you know your score? Remember to pull your credit every year to make sure whats on the reports is accurate and there are no errors. Contact me for questions regarding your score and what you can do to improve it. FICO Pro certified. I’d love to help answer your questions.
Past Due Amounts or over credit limit amounts do and will hurt your credit score. I’m sure you’re not surprised to hear this but you may be surprised to see what damage they can really do.
Maxed Out credit card: 30-45 points
Past Due : 60-110
Double whammy double the ouch. Some cards have the option where you can say yes allow me to go over my high credit limit or no. Let them know its not ok. I know from personal experience this causes a huge mess. I won’t go into that whole mess because it would take us to a different category on communication and marriage.
Back to my topic….. I can’t stress how important it is to answer the phone when your lenders call you. Inform them of whats going on. Try to work with them, but whatever you do please keep your cards open. Not only will you have taken a hit for being maxed out and past due but now you will take another additional hit for having closed an account. If you are working on improving your FICO/credit score this will hurt multiple areas of your FICO score calculations.
There are easy ways to help your score and even easier ways to accidentlly hurt it. Please read up on what to do and what not to do and speak to an expert in this area. It will benefit you greatly.
Step 4 is to Pay your bills on time. Sounds simple but to someone who is barely making it day to day the thought of paying all their bills on time may seem impossible. Some days its down to paying the bill thats due or putting food on the table for your family. Again step three is critical to keep up on step four. You must have a budget; a place to start. Step four will always be a struggle without completing your budget and becoming knowledgeable about the whole picture.
Now assuming that you’ve completed step three; you can now look at your bills and their due dates. If the dates fall during the middle of a pay period, set it up to have them paid out of the earlier paycheck. This may be easier said than done, but it really does help out. Once you’ve switched your mindset and you get used to this happeneing, you’ll have the peace of mind of knowing you will never miss or be late on a payment.
*(this step may require you to get another part time job maybe sell some items you don’t use around your house)* You will need to build up some money so you have the ability to switch the payments to an earlier pay date.
When you get paid, Ialso suggest you immediately put money aside for groceries. That will help eliminate the desperate situation of having to choose to pay a bill or put groceries on the table. It takes time to switch your thinking and day to day lifestyle habits; but paying your bills on time is another critical piece of your FICO score. A late payment or missed payments hit your score hard. Payment history is 35% of your credit score
Missed Payment:
30 day late payment: if your credit score is around 680 you risk a possible 60-80 point drop in your score
30 day late payment: if your credit score is around 780 you risk a possible 90-110 point drop in your score
YIKES…. another reminder, please please please ….even if you setup all of your payments to deduct out of your banking account automatically, stay on top of your balances, due dates and any changes in the monthly payments required. This will also hurt you if the full payment is not made… more on that later.
Questions? Contact me, I’d love to help.
Remember if you find yourself in a situation where you can’t make the payment, contact the agency you owe the money to and work out a plan.
For many people, missing a payment here and there is a part of life. Life happens. You’re busy, there’s a family emergency, you forgot, for whatever the reason it just didn’t get paid. What many people don’t realize is the ding it could potentially put on their credit.
I have asked around and the majority of consumers feel a missed or late payment will only hurt your score about 10 points, after all it could happen to the best of us…
BUT to many people’s surprise, frustration and disappointment, a 30 day late payment could potentially have the following affect on your score:
If your FICO/Credit score is currently around 680: you could potentially drop another 60-80 points
For a FICO/Credit score around 780 to begin with: you could potentially have your score drop anywhere from 90- 100 points.
Ouch. My advice is to start an emergency fund and to start a budget. Know when you’re supposed to pay your bills, how much and what day they are due and if you can’t make the payment call them ahead of time and explain your situation. For more advice or information, contact me.
Another fantastic meeting with clients today. I met with a young couple today who have been through some really tough times. They have been working diligently on moving forward, trying to put the past behind them. Their ultimate goal is to stop renting and purchase a home of their own. Instead of having more doors slammed in their face, they finally had one open up.
I looked over their credit report and sure enough there were errors on the file. Close to 80% of the credit reports out there have errors on them. This made all the difference in the world. The credit simulator ran the scenario and showed a possible improvement of +55 points. One error corrected will result in a huge point gain for the consumer. This can potentially make a large difference in their interest rate, whether they will qualify for a loan or not, their home owners insurance rates, the list goes on and on and on…..
After going over their other possible areas of point gain, they left the meeting relieved, happy and excited to finally see the light at the end of the tunnel. Another happy customer!
