Planet 850 Financial Consulting

Better Credit.Better Life.

Our main priority is to restore the health of your credit; not just by removing negative items, but making your credit profile fundable.

08/02/2022

Good Morning 🌤‼️

What's holding y'all back from getting your 850 credit score ? Let's talk about it ⬇️⬇️⬇️

07/08/2022

We will be Out the Office, until Wednesday July 13th.

We will respond back to all inquires, and emails upon return. Have a Great Weekend 🚀

06/08/2022

Whatever you do.. don't close that credit card 💳 ❌

05/30/2022

05/10/2022

Credit/ Lifestyle tip of the day 💕

Step 1: Use the credit card to buy what you need.
Step 2: Use the credit card points, to buy what you want. 🚀

04/11/2022

9 times out of 10, your Student Loans are the oldest accounts on your Credit Report. Removing them will also damage the age of your credit, which makes up 15% of your score.
It is better to just clean them up in some cases instead of completely removing them. 🚀

04/01/2022

Here are a few resources:
Experian.com(FREE Account)
1 FREE copy -If your application for credit, employment, insurance, or other benefit has been denied or another unfavorable action has been taken against you, based on information in your credit report.
1 FREE copy a year- Order online from annualcreditreport.com, the only authorized website for free credit reports, or call 1-877-322-8228.

03/30/2022

Credit Ed 101:

5 Factors make up your FICO score. 🚀

Payment History- 35%
-Are You Making On-time Payments

Credit Utilization- 30%
-How much of your limit are you using

Length of credit history- 15%
-How old are your accounts

Credit Mix- 10%
- Do you have installment AND revolving accounts

New Credit-10%
-How many new credit accounts are you applying for

03/29/2022

Credit Ed 101:

First things first, "Credit Bureaus" are NOT Bureaus...They are not operated by the Federal Government. The proper name for them is Credit Reporting Agencies(CRA). They are in fact data collection agencies. Creditors pay these institutions to report your debt. They are absolutely no one to be afraid of! 🚀