T. Price Consultants

Chapter 45!!! 💋

T. Price Consultants is preparing for our relaunch!

T. Price Consultants now takes appointments on their Page.

T. Price Consultants updated their business hours.

Yup you can do this to stop debt collectors from calling you. After the collector receives your letter, they are allowed one final contact to let you know what action, if any, they will take.

CREDIT KARMA IS NOT THE SCORES LENDERS USE ‼️ Sorry for yelling, but I am saying it louder for the people in the back.

They will always use your FICO score

Here are the elements that make up thst score.

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💵 35% is Payment History

Ability to PayCollections, Tax Liens, Late Payments, Public Records and Charge-Offs. Keep good standing accounts in good standing by meeting payment deadlines.

🔋30% Credit Usage

Make sure you have a 30% or lower usage percentage is Balance. Balance Transfers Increase Limits if you can.

⏰15% is Length

Average Age of Open AccountsSome
use a 10 Year Average Age (get added as an authorized user on a relative account)

🥣10% Credit Mix

Revolving Credit –Cards, HELOC under $75k

Installment Credit – Examples: Student Loans, Auto LoansReal Estate Mortgage and HELOC’s over $75k

Balance Types - 3-8 Revolving Accounts & Balances by Installment & Real Estate

💼10% inquiries

New Accounts cost you 10-20 points during the first 60-90 days

Inquiries = hard inquiries are new account inquiries there is an impact
Soft inquiries are existing accounts –no impact

Promotional Credit Card inquiries have no impact

Did you know Charge off accounts report late every month until they are paid off ? 😩

Credit history accounts for 35% of your credit score so think twice before you go closing that credit card 💜

Credit history accounts for 35% of your score. Keep this in mind when you’re thinking about closing that account 💜

I will be releasing my DIY Credit Repair Ebook very soon!!! 💜

Create a healthy relationship with your money & credit 💜

https://www.usatoday.com/story/news/education/2021/10/06/public-service-student-loan-forgiveness-biden/6011023001/?fbclid=IwAR3-4HbKVEnkoHtaS3U16mOqIfWOZ0moM3NsyeQUXBcP6BC_fcz5JWeGL7c

Student loan forgiveness: Half a million people to benefit from overhaul, some immediately The feds had rejected nearly every Public Service Loan Forgiveness attempt. Now, some people will get automatic relief, and some will have to apply.

Some people that I talk with about credit don’t realize that there’s 3 main credit bureaus. It’s important to look at all 3 bureaus because there’s different information on them.
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💜🌞Good morning 💜🌞

When you are financially stressed, its hard to see the light at the end of the tunnel. However when you formulate a plan to create healthy financial habits, your life can change.

Here are some tips to help you regain your financial power:

1. Create an Excel spreadsheet and write out your Fixed( payment amount that stay the same every month) and Variable( payment amount that changes every month) Expenses.

2. List your debts from smallest to largest. Start by paying the smallest debt first. This is called the Debt snowball Method

3. Write a bi-weekly/ and/or monthly budget. For me, I found it's easier to manage my money bi weekly.

4. Pay yourself first. This step is extremely IMPORTANT!! While the goal is to organize your finances, you want to make sure you always have an Emergency Fund.

5 Make payment arrangements where needed.

5. Work on your credit. Having bad credit carries more weight than you know.

These are the steps I utilized to change the words Tired to Inspired, Stressed to Blessed and Overwhelmed to Unbothered. And you can do it too !! 💜

www.tpriceconsultants.com

Keep pushing you’re almost there good morning ☀️💜

T. Price Consultants updated their address.

Did you know there is a statue of limitations on collecting a debt?
All states have “Statutes of Limitation” that prevent a creditor from enforcing a debt if the creditor does not file suit within a certain period of time. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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The Statute of Limitations varies from state to state however it applies to written contracts, oral contracts, promissory notes, and open-end accounts.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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As a practical matter, the Statute covers most types of debt, including credit cards, medical bills, personal loans, etc.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Unfortunately, there are “vulture” debt collectors who will continue to try to collect on debts after the Statute has run out. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Therefore, before resorting to bankruptcy or beginning debt negotiations, it is important to know what the Statute of Limitations are in your state and how it can protect you.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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KNOW YOUR RIGHTS !!! ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Before you pay any debt you need to schedule a consultation , so we can come up with a plan to remove any debt from your credit profile.

Contact us today if you need assistance 💜
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Credit is something that some take lightly or give little thought to until it’s really needed. There are 9 things you can do to make sure that your credit is always in good standing so it will be available when needed.

1) Pay your bills on time. A consistent history of timely payments will greatly improve your credit profile and will, therefore, make you more desirable to lenders. In many cases, a strong payment history in your credit reports will also result in better interest rates.

2) If possible, pay your bill in full every month. This will help to save you money in finance charges, especially credit cards with high-interest rates, and will make your credit reports even stronger.

3) Avoid carrying a balance of more than 30% of your total credit limit on any credit card.

4) If you notice any incorrect information on your credit reports, dispute it in writing with the credit bureau immediately. You may also find it helpful to contact the creditor directly, notify them of the incorrect information and ask that they correct it with the credit bureau and on each of your credit reports.

5) If you have recently filed for bankruptcy, start rebuilding your credit with either a secured credit card or one that is known to be bankruptcy-friendly. The latter often requires higher interest be paid, but your credit score will begin to rise after three months of a steady payment history is listed in your credit reports.

6) If you have old accounts that are listed as being open but are actually closed, call the creditor and send a letter to the credit bureau. Often times, creditors simply never report an account as being closed with the credit bureaus. If you have a lot of available credit on your report, potential lenders may wonder why you need all of this open credit and what your plans are for its use. A large number of apparently open accounts with a zero balance may put you in the high-risk loan category if the lender suspects you plan to increase your debt load substantially with your unused credit.

7) Avoid excessively applying for credit as this may lower your credit score because of multiple inquiries.

😎 Use your credit cards for necessities only and avoid spending more than you could repay within six months.

9) The best way to improve your credit reports is to review the information filed with each of the three major credit bureaus every six months. These include TransUnion, Experian, and Equifax. A free copy of credit reports can be obtained every 12 months at AnnualCreditReport.com

If you need help getting started, contact us today!!

Annual Credit Report.com - Home Page During the COVID-19 pandemic, accessing your credit is important. That's why Equifax, Experian and TransUnion are continuing to offer free weekly online credit reports.

Hello! Hello! Most of you know that I do credit repair. Hear me when I say this, I work on your credit. I do not work for FES, I am not a sales rep for a multimillion dollar MLM company nor do I make you send out your disputes. I do it all for you...that's why you pay me.

I am a PROUD black woman that owns her company, T. Price Consultants, LLC. I work hard for my clients. I set up payment plans, I educate, I answer messages and phone calls (all day long 🤦🏾‍♀) but most importantly, I help you achieve your goals.

I love what I do! Long nights and early mornings, wouldn't do it no other way. I get it done. If I don't, I give you your money back!

When it comes to running any business, you take the good with the bad. At the end of the day, treat people like you want to be treated. And you will always have a business.

Yours Truly,
Tay Price 💜

Are you aware of the 3 main credit bureaus? How often do you pull your credit file? I recommend you checking your credit file every 30 days.
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Here’s a credit card tip….The total amount of your credit card utilization makes up 30% of your score. If you’re needing more than simply ask for a credit limit increase. This will help you with over spending on the limits that you set for yourself.
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Credit Tip 🏡

When your buying a home with your spouse, it’s ok to have one name on the Loan application.

Here's Why⬇️⬇️⬇️

✅ You avoid affecting both of your credit profiles.

✅ You leave room fo emergencies that require you to use your credit.

✅ The other spouse can make purchases without having to worry about an high debt income ratio.

You can always add your spouse to The deed at closing.

Www.tpriceconsultants.com

In order to have a better chance at having a score increase, you should have a mixture of accounts. 3-4 revolving accounts and a active installment account like a mortgage or car loan.
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This is just the beginning! I am super excited to be a part of this event! We are all worthy of wealth!! 💜

Did you know the Debt Collection Practices Act is the federal law that dictates how and when a debt collector may contact you.

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