Posts Tagged 'Credit Tips'

How Credit Works

Here’s “what we should have learned in school” about credit.  Without this information, you’ve probably wasted thousands of dollars, or worse.  Now you’re about to learn exactly how your creditors have been taking advantage of you this whole time, and how to flip the tables to win the credit game.  This unique info is unlike [...]

22 December 2009 at 07:11 - Comments

Why Making Minimum Payments On Credit Card Debt Is Insane

If you can’t write a check, you don’t have the resources like a 401k or equity in a home to pay off your debt, what can you do? Most people out there are just making minimum monthly payments, exactly what the banks want them to do. The average client I deal with these days has around [...]

21 December 2009 at 07:13 - Comments

Credit “Rating” vs. Credit “Worthiness”

What’s the difference between “credit rating” (credit score) and “credit worthiness?” How do these two different aspects of your credit affect you? How much money is your debt  costing you right now? Many people are overly concerned with their credit score.  Many don’t really know how credit works.  Even fewer really understand “credit worthiness.” To most it’s a [...]

9 February 2009 at 07:12 - Comments
Ilona Vanderwoude
Wow - this is great information. Jesse, you should be on Oprah! This is better than Suze Orman. Luckily, I'm ...
2 February 10 at 02:27

Credit Tips – Third Leg: “Debt-To-Credit-Limit” Ratio

Welcome to the third and final piece of the credit puzzle… You’re just about to completely understand “How Credit Works” and gain an exact understanding of where your credit is right now.  This will help you make your best choice to be debt free ASAP by understanding how each option to get out of debt will [...]

27 January 2009 at 07:27 - Comments

Credit Tips – Second Leg: “Debt-To-Income” Ratio

The second leg of my World-Famous “Three-Legged Stool” Analogy of “How Credit Works” is your “debt-to-income ratio”. “DTI” as they call in the mortgage industry. If you’ve ever gotten a mortgage or refinanced your home, then you know the mortgage folks are very interested in your debt-to-income ratio. Remember, debt-to-income ratio is the amount of money that [...]

20 January 2009 at 07:22 - Comments

Debt Relief Options: Accelerated Debt Payoff Plans

Instead of paying off your debt with a lump sum check, here’s another accelerated debt relief option which may be the next best thing. It’s promoted by David Bach, Dave Ramsey or Steve Smith; pretty much any financial guru out there. It’s called an “accelerated debt pay off plan”, and goes by many names: “margin roll [...]

3 January 2009 at 07:32 - Comments

How to Improve Credit

Credit Repair Credit repair is the process of using the Fair Credit Reporting Act to dispute negative items and get them removed from your credit report, resulting in an increase to your score.  I work with my clients to show them how they can do this on their own or hire a low-cost law firm to [...]

2 January 2009 at 19:57 - Comments