Our debt as a nation is increasing at rapid speed, which is scary because a financial storm is brewing. In just one month, our nation took on much more debt than anticipated. Yeah, the Fed Reserve tracks what they think those numbers should be. What does this mean for us, the consumers? What is happening with rates and payments? Listen in as Credit Kristi lays some foundation that she will be building on, because soon this IS going to affect you. 

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You are likely hearing a lot in the financial arena about rates going up. But what rate are they talking about? There are various rates that affect different parts of your finances, so listen in as your Credit Coach breaks down the three different interest rates that most affect you: the Fed Funds rate, Prime Index Rate and the 10 Year Treasury Yield. Say what? It's not as boring as you might think- and important to have an overall idea of what each one is.

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If you are looking at ways to reduce your debt and trying to learn about the different options out there, listen in to learn about debt consolidation and debt restructuring affect your credit and long term goals.

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I hear a LOT of people tell me they are "working on their credit" but that can mean everything from: I kind of care now and will try to avoid collections to paying off "bad" debt and righting the wrongs. 

This is a re-record of the original "How hard are you willing to work" since it was my most listened to episode and my 2nd episode I ever recorded- and I sounded terrified and didn't edit out the mistakes and big blank moments. Oh well! So I re-recorded the same info and hopefully it's easier to listen to! Listen it to see what Credit Kristi recommends to actually work hard to heal your credit.

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It's all over the news- rates are going up. And there is no exception to credit cards. I have some warnings for you in this episode about what is going to be happening in the world of credit cards with payments, APR (interest rates) and how this will effect you. You may be tempted to do an "opt-out" but please do not. It can have terrible ramifications for your credit profile. What should we do with these rate increases- how should I plan? Credit Kristi has some helpful suggestions. Thanks for listening!

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I am often asked if banking information such as NSF (Non-Sufficient Funds) fees and negative balances left for the bank to close the accounts. These types of transactions are typically not reporting anywhere on your "regular" credit report. However, there are various specialty reports that this information and all sorts of other information report to. Listen in to get an overview and here is the link to the PDF version of the report from the Consumer Financial Protection Bureau:

https://files.consumerfinance.gov/f/documents/cfpb_consumer-reporting-companies-list_2022-01.pdf

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Has your credit score been lower than you desire it to be? Or did you start off struggling as a broke college kid/young adult with very little guidance on how to create a credit profile that reflects well for you? Join the masses that seem to be in the same very big boat. There is something you can do about it! Let's get into action with the proper steps to rebuild a credit profile that reflects positive money management and provides you a high credit score that will save you money when you go to borrow for things like a car loan or home loan.

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annualcreditreport.com

creditkristi.com

Credit is so much more than a number you can brag about at dinner parties. LOL 

Your credit score can affect a lot of things, or even keep you from qualifying for certain things. A poor credit score can negatively impact your finances and cash flow and a great score can help you build up net worth with lower interest payments, allowing you to pay your debts off with greater ease.

Here are my thoughts on the top 7 ways good credit can help you!

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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!