Credit Repair Orange County

A Few Tips On Raising Your Credit Score

Your credit score is comprised of several components that make up the total score. That is why it is necessary to understand and know what you can do to help rebuild it.  There is no quick fix to rebuilding or repairing your credit, that is why you don’t want to procrastinate because it will take some time, patience and discipline.  Discipline because you need to monitor and change your spending habits and patience because it will take time for your credit score to start going back up. For example, if you are accustomed to eating out a lot or spending more than what you are making, it would be best to devise a plan and ask a friend to help you stay on track.  One of the ways you can begin raising your credit score is to use your credit card, but remember never go over 20%. 

2 Reasons why, 

1. You want to keep your credit utilization ratio low, meaning your balance needs to stay 20% or under your limit. 

2. You don't want to get into debt; we are anti debt and always advise to never be a slave to the borrower. Using credit responsibly shows the banks that you can be responsible and disciplined with your credit cards. For example, someone with bad credit would do best applying for a secured credit card.  A secured cards means you provide the funds to open the credit card account.  If you are weary of having a credit card due to past experiences with overspending, we recommend you create a zero-based budget and closely monitor your spending along with having a professional company to help monitor your credit. 

If you need help with adhering to your budget, find someone who can help you. Sometimes a partner, friend or professional can offer the support and knowledge to help you stay on track. In the beginning it can be challenging, and it may take from 6 months to a year or two, but if you stay disciplined and make your payments on time, it will show the banks that you are a responsible credit consumer. It takes hard work, sacrifice, self-control and discipline to take control of your financial future!! If you would like more tips or information on how to manipulate your score, manage your finances and have more control of your financial future, feel free give us a call at 1-800-288-4833. Or visit our website www.conquestcredit.org

To read more blogs like this or if you would like any advice or help in any of these areas feel free to visit our website and sign up for our Newsletter. Like us onFacebook page and we will 

send you a free eBook on "Understanding Your Fico Score"

 No matter where you're at in the US, we can help! 

4 Hacks To Quickly Boost Your Credit Score

Take a look at this interesting article on how you can boost your credit score, If you don't have time, find it too frustrating trying to dispute and get a hold of the credit bureau's or if you would like some free advise on how to boost your credit score, we can help! 800-288-4833  

http://www.businessinsider.com/how-to-quickly-boost-your-credit-score-2014-3

Checked Your Credit Score lately?

Checking, knowing, understanding and building your Credit is just as important as getting up to go to work! You know you have a job, and if you don’t wake up and show up, there will be some serious consequences! We all know we have a Credit Score, but how many of us actually know it, keep track or monitor one of the most important factors of our financial future!  

Yes, life can get busy with things to do, places to be and people to see, but If you avoid taking the steps towards building, protecting or ensuring you have good credit, the impact and consequences can affect every aspect of your life!  This might sound absurd or exaggerated, but if you think about it, your Credit can determine how much access to resources or control you have over your quality of life.  Not being able to get a loan, have access to credit or paying high interest rates = less money, more stress, no security, no stability, depression, relationship problems, divorce, anxiety and physical or mental health problems. 

Take control of your financial future, knowledge is power! Knowing, understanding and building your Credit can be one of the best decisions you can make for a brighter financial future!  Remember, avoiding a situation or waiting seven years for negative information to fall off your report will not make it better.  It takes hard work, sacrifice, self-control and discipline to take control of your financial future!!  If you would like some professional advice or assistance, call us at 1-800-288-4833 or visit our website www.conquestcredit.org

To read more blogs like this or if you would like any advise or help in any of these areas feel free to visit our website and sign up for our for our Newsletter. Like us onFacebook page and we will send you a free ebook on "Understanding Your Fico Score"

 No matter where you're at in the US we can help. 

“3 Common Mistakes Most People Make That Negatively Impact Their Finances and Credit Score”

Let’s say you decide you want to start working on your finances, and building or fixing your credit.  Like most Americans, you were never really taught the ins and outs of how Credit works. In fact, most people today make financial decisions based on what they have heard or learned from their parents, relatives, friends, the internet, television, etc., but how many of us have actually sat down with a professional financial consultant to learn how to have a zero based budget, manage expenses, save, or build and maintain good credit? 

Below are three common mistakes most people make that negatively impact their finances and credit score.  Always ask or research before you make any kind of financial decision, sometimes you may have good intentions and think you are making a wise decision, only to latter find out  you have made things worse. 

Mistake #1- CLOSING YOUR CREDIT CARD ACCOUNTS

Depending on your situation, you may need to look at your options first before making a haste decision to close an account.  Never close an account with a creditor because they did something to upset you. If you have missed a couple of payments or a payment got lost in the mail, try to work it out and get back on track rather than just ignoring the situation and letting it go.  Also, never close an account that is paid off, especially if you have had it for several years.  One of the components of the FICO score is the length of credit history and the credit to debt ratio.  Often times, it may seem logical to close a paid off account, but closing it could actually lower your credit score. 

Mistake #2- TRADING IN YOUR VEHICLE FOR A NEWER ONE

Car Dealerships are well known for their advertising strategies that draw in previous customers to trade in their current car for a newer one.  You have probably received these offers in the mail and thought about doing it yourself.  Well, depending on your situation, these deals can be detrimental to your finances.  For example, if you’re current car loan is NOT paid off and you have NO savings for a down payment (we typically recommend between $3000-$5000), it probably wouldn’t be wise to trade in your car. Also, if your credit score is below 700, we recommend you begin working on raising your credit score so you can benefit from lower interest rates as well. Our recommendation is to hold off trading in your vehicle until your car is paid off, you have a down payment, and your credit score is good.   

Mistake #3- APPLYING FOR MULTIPLE CREDIT CARDS OR LOANS WITHIN A SHORT PERIOD OF TIME

You decide you want to start building your credit, or that you need a loan to get something you need or want. You begin by applying in person or online to multiple banks or going to multiple retail stores in hopes of getting approved for a credit card or car loan.  Unfortunately, you were unaware that one of the components of your FICO credit score is the number of HARD inquiries on your credit report.  Whenever you apply for a loan or credit card, the creditors run a credit check to verify your credit worthiness, and how likely you will be able to pay them back.  These inquiries stay on your credit report for 2 years. On average you want to have no more than two inquiries within a 12 month period.

To read more blogs like this or if you would like any advise or help in any of these areas feel free to visit our website and sign up for our for our Newsletter. Like us onFacebook page and we will send you a free ebook on "Understanding Your Fico Score"

 No matter where you're at in the US we can help. 

To Read more blogs like this, Like us on Facebook or sign up for our Newsletter 

Make Fixing Your Credit and Finances Your New Year’s Resolution for 2014!

We have all heard the saying “Out with the Old, In with the New”.  Well, it’s time to say goodbye to 2013 and start the New Year with a fresh, new perspective on your Finances and Credit!  No more looking back and dwelling on the financial choices you made last year, now it’s time to take action, make some changes and start out the New Year on the right path!

Make a list of goals and dreams you want to reach this 2014, and figure out what you need to do to start making things happen!  Maybe it’s taking control of your finances, fixing your credit, building a savings, buying a home or car, paying off debt and student loans, or learning to budget.  Your financial future is extremely important, I would recommend to start off with a 3 month goal, if it means start fixing your credit so you can take advantage of great interest rates or start off with a zero based budget so you can save hundreds of dollars in 2014! 

We are here to help you achieve your goals, let us know how we can help! We wish you the best in 2014!

To read more blogs like this or if you would like any advise or help in any of these areas feel free to visit our website and sign up for our for our Newsletter. Like us onFacebook page and we will send you a free ebook on "Understanding Your Fico Score"

 No matter where you're at in the US we can help. 

To Read more blogs like this, Like us on Facebook or sign up for our Newsletter 

3 Reasons Why Most People Don’t Take Control of Their Finances and Credit

By Conquest Credit

Is your state of mind preventing you from taking control of your finances and rebuilding your credit?  Are you fearful, ashamed or feeling hopeless about your situation?  If yes, then you are not alone.  Finances and Credit can be a touchy subject, especially when there are thoughts and emotions attached to them.  These thoughts and emotions can paralyze you, and keep you from making the changes that are needed to improve your financial situation. 

Many of us at some point in our lives have made mistakes with managing our money and keeping good credit.  Our educational system has failed us, and It’s unfortunate that so many of us were not taught how to manage money, create a zero-based budget, save or about how credit works.  The educational system in our country does not place a high emphasis on teaching our youth the importance of managing money, budgeting, saving or how credit really works.  This lack of education in finances has caused many problems, and the consequences are hurting our county and our people in so many ways.  For example, many marriages have ended in divorce due to financial problems, and the cause of many suicides has been contributed to feelings of hopelessness or feeling there is no way out of their financial situation.

Every day we are bombarded with advertisements and commercials that use psychological messages aimed at convincing us to buy things we don’t necessarily need.  Our society runs and survives on consumption/consumerism, and our children learn at a very young age to spend, spend, and spend.  All this spending and a lack of education in money management and credit can leave many people feeling discouraged, hopeless, fearful, ashamed, and depressed.

At Conquest Credit and Debt Consulting, we have found a few reasons why some people don’t take control of their finances and credit.  We are sharing this information with you to let you know that we understand what you may be going through, and we are here to help you.  Please read below to find out some of the reasons why−

 1)    FEAR− is a powerful emotion that comes from thoughts or stories we create in our minds.  When we allow thoughts relating to failure, the unknown, exposure, judgment, loneliness and unhappiness to consume us, it can lead us to believe that the stories we create in our minds are real and factual.  Eventually this will create a lot of fear; it will paralyze you; and it will prevent you from taking the steps you need to improve your financial situation. 

For example, someone living off credit cards for years and living beyond their means can find it very scary to change their habits and lifestyle.  They have come to believe they will not be able to survive without their credit cards.  By letting go of the fear and seeking out help, this person can take control of their finances, and change how they view credit.  The only way to overcome your fear is to face it, change your negative thoughts to positive thoughts, take positive action or seek out help or information on how to take the necessary steps.

2)      SHAME− is another powerful emotion that comes from fear of being teased, mocked, scorned, rebuked, ridiculed, humiliated and rejected.  We all want to feel accepted, whether it’s by our family, friends, peers, colleagues or coworkers, and, for some of us that can mean “keeping up with the joneses”.  Getting that car, house, iPad or iPod, Android or video game can add up, leaving you with a huge amount of debt.  The debt can pile up and become a dark cloud hanging over you everywhere you go.  It may seem easier to ignore it or figure out ways to avoid defaulting, but in the end, if your habits and actions don’t change, your situation will get worse and worse.  Find someone you can trust that will not judge you for your past mistakes.  At Conquest Credit and Debt Consulting we can provide you with the financial knowledge and tools to help you start moving towards a brighter financial future, we are not here to judge or condemn, but to help you.     

3)      HOPELESSNESS− unmet dreams, expectations, and desires can leave us feeling hopeless, sad and alone.  It can also lead to feeling trapped, with no solution or way out, or like you have hit a brick wall.  At this point you have abandoned or given up on your dreams and aspirations and the future appears bleak and purposeless.  

In the past five years many of us have lost our job, home, or damaged our credit during the financial mortgage crisis.   Losing something of value that you have worked so hard for can be very devastating and upsetting.  Thoughts of failure and disappointment can overtake our mind and lead to feelings of depression, despair, and hopelessness.  If you allow these thoughts and feelings to control your actions, you will never take the steps you need to rebuild and start dreaming again.  Anything is possible if you set your mind to it!  Many families have had to start from scratch and rebuild their credit so they could have the home of their dreams again.  It may take time, but nothing is impossible and you are definitely not alone.  There are so many resources and support available to help you get back on track, start dreaming again, and taking the necessary steps to rebuild and reach your dreams and goals again. 

 To read more blogs like this or if you would like any advise or help in any of these areas feel free to visit our website and sign up for our for our Newsletter. Like us onFacebook page and we will send you a free ebook on "Understanding Your Fico Score"

 No matter where you're at in the US we can help. 

To Read more blogs like this, Like us on Facebook or sign up for our Newsletter