Personal Financial Success
[Pages:15]QUICK START ORIENTATION WHAT PYerOsonUal FNinEanEciaDl SuTccOessKNOW
Rev. 010719
FACTS
Everybody's interested in credit
68 million people have bad credit 1 in 5 people have an error $3 billion dollar industry in 2018 79% who disputed errors were
successful in removing them Everyone wants good credit
SCORES BY AGE
Does age have an affect on your score?
70+ Average Credit Score: 730 50-69 Average Credit Score: 700 35-49 Average Credit Score: 655 21-34 Average Credit Score: 634 20< Average Credit Score: 631
Statistically, the older you are, the greater chances that your credit score will be higher.
SCORES BY INCOME
Income often reflects your score
$30,000 or less: 590 avg score $30,001 - $49,999: 643 avg score $50,000 - $74,999: 737 avg score
Poor credit is often the RESULT of lack of income.
This Photo by Unknown Author is licensed under CC BY
CREDIT SCORE
What is a good score?
Excellent Credit: 750+ Good Credit: 700 - 749 Fair Credit: 650 - 699 Poor Credit: 600 - 649 Bad Credit: Below 600
WHOLE SCORE
We address all 5 factors
Payment History Credit Utilization Credit History New Credit Credit Mix
PAYMENT HISTORY
Solution: Four letters
1. Debt Validation Letter 2. Method of Verification Letter 3. Violation of FCRA Rights Letter 4. Intent to Litigate Letter
There are a few other letters that can be used depending on your situation.
CREDIT UTILIZATION
Solution: Income Shifting Strategy
1. Correct Tax Withholding 2. Create Business Income 3. Lower Your Taxes 4. Debt Elimination
myEcon offers the perfect opportunity to earn affiliate income for selling a high demand product.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- fico scoring questions
- lesson eight credit cards practical money skills
- report credit conundrum 2013 national consumer
- know your credit ksre bookstore
- understanding your credit score understanding your credit
- personal financial success
- effects of credit scores on consumer payment choice
- fair lending implications of credit scoring systems
- alternative data and fair lending lexisnexis
- credit as an asset native centered education and
Related searches
- free personal financial management course
- personal financial management
- personal financial management usmc quizlet
- personal financial management course online
- generic personal financial statement template
- usmc personal financial management mci
- personal financial management marine net pdf
- usmc personal financial management answers
- usmc personal financial management pdf
- marinenet personal financial management
- personal financial management mci quizlet
- personal financial management course