Every situation is different. But for many of us, we have some of the same main questions when it comes to credit and credit scores like what about a new credit card? Debt Utilization and why my score always changes and looks different, depending on where I view it. Your credit coach addresses these questions in this episode.

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To purchase Kristi's book for first time home buyers: https://www.amazon.com/First-Home-Where-Start-How/dp/B09SNRQT74/ref=sr_1_1?crid=3V6KZAAJC1CQ4&keywords=first+home+where+to+start+and+how+to+win&qid=1651433584&s=books&sprefix=first+home+where%2Cstripbooks%2C118&sr=1-1

NMLS #754092

There are big changes FINALLY coming to credit profiles when it comes to medical collections. Some 70% of millions of credit reports have some kind of medical collection reporting. Collections can have a significant negative affect to your credit score and overall profile and with these changes, millions of people will benefit! 

Interested in knowing more about how to start and establish small business credit? I got S.E. Day of For Small Business Only, to share his tips and suggestions on how to establish business credit effectively and quickly. THE RIGHT WAY! He has started dozens of businesses and has more authority in this field than most people put together. Let's listen in and follow his advice on how to get started the right way if you are starting a small business.

Start with your State Department of Corporation. Create a business. 

Apply for an EIN through IRS: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online

Dun and Bradstreet: https://www.dnb.com/

Start a business bank account with a local bank or credit union, get a few business checks to start off with

https://www.naics.com/  to set up your NAICS code for industry classification code

Magic Jack for landline for your company: https://www.magicjack.com/account/mjLandingpages.do?page=index

Quill.com to establish a foundational account/Net 30  "primary piece of establishing credit to get charge accounts and structured loans"

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Thanks for listening!

Listen in as Credit Kristi shares information on the 5 credit acts that have been created to protect our credit information, what can and cannot be reported on credit to prevent discrimination, and the handling of debt collections. 

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One thing is clear, everything is costing more. But I have many people asking me about rates, and they often confuse mortgage rates with other types of interest rates out there. Listen in as Credit Kristi explains mortgage rates, the Fed Funds rate and the Prime Index rate. There is a difference, they each have their own role, and it all impacts YOU.

Want a simple but thorough budget? Email me at [email protected]

I speak with so many people that say they are "working on their credit." When I ask them what that means to them, they share all sorts of answers but it is often along the lines of: paying my bills on time, not allowing new collections, or disputing prior negative accounts. That's just maintenance and a little temporary help. If you have prior negatives, and they are truly yours, disputing will be a temporary fix and the dispute removed within 30 days. You you should be paying your bills on time anyway! That is not "working on" that is simply maintenance.

Working on credit should mean improving. So removing or settling past mistakes (sometimes, not always!), getting new and positive tradelines and keeping your debt utilization low. That is "working on" your credit profile. Lower credit scores costs you more in interest charges so work on getting your scores as high as possible!

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It's a shorty but a goody. Did you know that your auto insurance, homeowners insurance (or renters insurance) can cost you more if you have a lower credit score? It's true! Washington State is trying to change that and made a new rule that is going into effect in March 2022, however, the insurance associations are trying to fight it.

Many people don't realize just how deep the cut can be if you have lower credit scores. It can even impact insurance.

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You have likely heard of a charge off and a collection, but what is the distinction between them? What makes them different and should I pay it or ignore it? Does a charge off mean I don't have to pay it? Listen in as your coach explains the difference and the impact each can have on your credit profile and credit report. 

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According to a survey I just read about, I share with you the top 5 problems we face when it comes to money. Do any of these apply to you? Do all of them? Listen in to learn what the majority of those surveyed shared in their responses to their top money problems.

Source: USA Today with the survey conducted by Money Rates

Hey friends! I am asked ALL the time about credit repair companies. You can't just erase past mistakes, although you can clean up inaccurate or erroneous information. Learn what can and cannot be removed or changed on your credit report with these helpful tips from your coach.

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