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Tagged With "Credit Scores"

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Dear Penny

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Re: Hello new members!

Mslovemovies ·
Hey Everyone! My name is Janet Davis on FB. Mslovemovies on Instagram and LinkedIn & A few other sites. I had my own tv talk show in Detroit, Mi. I moved to Ohio and have recently graduated from Ohio Media School 12/17/2018. Then I became an Entrepreneur and I am the proud owner of An Online Beauty Supply Store. weon1beautysupplybyjazz.americommerce.com Hopefully thru sales this will help me to pay off my student loans. I've got my credit score from 540 to almost 700. I am so proud of...
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Re: Hello new members!

BeckAtsila ·
I've self-published a book on Amazon Kindle--they have a site with instructions on how to do that and I found them easy to understand. You might also want to look into WritersMarket.com.
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Re: Hello new members!

Martha R Lopez ·
I recently put a fraud alert on all the credit report's because I received a card that .I was in a class action lawsuit and. I haven't heard from them ye.but I started receiving alot of inquires and .I didn't realize what was happening until .I got overwhelmed with all these letters of denied action and my credit score has lost alot of points on the account of all this so. I don't know what to do from here .I need help so IF you can let me know what do. I do from here Thank you Martha Lopez
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Re: If you could squash one of your bad financial habits today — without having to work hard at it — which one would you choose?

Babsie ·
I score five out of six of these habits. I would like to squash them all.
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Re: Buying or leasing a car

Theodora ·
Buying out your lease might make sense because you will avoid paying the overage on the miles and the disposition fee of turning the car in (if you don't lease again) -- but double-check the residual value in your contract and then run your car value through Kelly's Blue Book to compare. The residual value is that fixed amount that the leasing company will not budge on for a buy out -- it is non-negotiable. Once you have that figure you can see how it compares to the car's actual worth.
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Re: Home Equity Loans / Lines of Credit

mintjulep ·
Hard to answer for you specifically, but we keep an open line of credit in the form of an equity loan for emergencies. We've had the most recent equity line for almost 5 years and have never tapped into it so therefore it's on paper only until we do use it, no monthly payments until we do. It can help improve your credit score if you responsibly make your payments. I look for as fixed a rate as possible, which is tough to find in an equity loan these days. And understand if you default, the...
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Re: Family and Finances- How much did you learn growing up?

Katie Pellicano Leslie ·
According to my parents and older siblings you could've called me a money hoarder. I did jobs around the house at 4 to earn money. My mom was a saver, but my mom always had trouble with my dad. They ran a business until he retired. Out of the 3 of us, my mom said I am the best at saving, then my brother, and my sister use to be okay at it but not good over the years. I guess I remember always afraid of being broke. I cried when my mom took my money to the bank (age 4)until I understood the...
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Re: Curious: If you had $10k start up cost, What business would you start?

MsChris ·
I want to rent to own a mobile home and/or a R.V. but my credit score is at zero. It's been wiped clean. I have no credit! I'm starting all over at the age of 60. My divorce left me totally financial destroyed. I have 3 great children. They are now young adults. I was determined to raise my children in the lifestyle we all deserved. Unfortunately my very wealthy ex-husband went for my throat. He wanted revenge and my financial ruin. He also wanted to convince the court that I was to blame.
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Re: Credit cards

Bayou Jen ·
If you feel that you have too many and won't use them, then that's a good idea. I'd like to offer a few pieces of advice: If possible, keep the card that's been open the longest. The age of your accounts (how long you've had the card) is a big factor in your credit score. Make sure when you call to close the account, ask them to indicate that the account was closed at your request. Otherwise it may look like the credit card company closed it which is not as favorable to your credit score.
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Re: Credit cards

KellyFromKeene ·
If you are trying to increase your Credit Score, then don't close the accounts! I learned this the hard way Keep them open UNLESS having them is too much of a temptation and you will get yourself deep in debt with them. You can cut them up while keeping the accounts open.
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Re: Credit cards

Moore Income ·
Congratulations on paying them off, you are quite far ahead financially than the average person by doing that! Closing your accounts is not recommended and will negatively affect your credit score. If you are able to keep your finances in check and restrain from racking up a balance on them it will help you maintain a strong credit score in the long run. While credit cards can be a temptation, having a good credit score can come in handy in many different instances in life. Also credit cards...
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Re: Credit cards

E Allen ·
I wouldnt close the older ones. The newer ones maybe. The thought is that having older lines of credit helps your score. I would say if the newer ones dont lessen your average age then its ok. This assumes that you will not carry debt on the other cards which would affect your utilization.
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Re: Credit cards

Susan L. Miller ·
Hi Kelly- Thanks for your comment-actually the opposite. My score is very high, I don't plan to make any big purchases like a home or car, and I want to have less chance for the bad guys to steal my info! I saw a report that said dark web will sell thousands of identifying info for $50!
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Re: This week’s Community Announcements 12.20

MsKimberly ·
I have found that my favorite gifts to give are to the people who love sentimental gifts. Being creative, it is pretty easy to come up with gift ideas that are sentimental.
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Re: January No Spend Challenge

Brenda Peek ·
Hello. I just joined a few minutes ago. I am happy to be included. I hope to learn money saving tips and raising my credit score. I am willing to listen to ideas. I thank you all for being here and for letting me join
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Re: what are the benefits of using a credit card

lismox ·
Building credit (which helps determine your credit score) and getting points/rewards for using it, which works out best if you pay it off every month.
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Re: Credit Scores during the Crisis

Dear Penny ·
Thanks for your question, Theodora! I can't predict what lenders will do, but I can predict that A LOT of people aren't going to be able to pay all of their bills, or their credit card balances are going to creep up. And when this passes, lenders are going to want to lend money and give credit cards to the same people again, especially those people who paid their bills faithfully until this crisis hit. Think about how many people were able to buy houses again within a few years of losing...
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This is how I save a little bit here and there.

Tara Baynard ·
I've been reading on here that many folks are looking for ways to save money each month. I have found a couple of ways by following one of my dad's habits. I am very careful about what I throw away. I recycle as much as possible . I have a burn barrel to burn my confidential papers, but that can be shredded and used as packing material as well. If i have left over food or things that can be put in a compost i place it in a plastic bag and take it to a compost area i have created. I live in...
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This week in... The Penny Hoarder Community!

Briana ·
Happy Wednesday, Penny Hoarders! For those of you who might be new here, each week we'll be showcasing the latest community news and updates in an announcement post. This is a great way to keep you all up-to-date on the latest happenings. Announcements Announcing the Member of the Month for JUNE! For those who haven’t heard, our Member of the Month for the month of June goes to… @mintjulep, AKA Patricia May. Patricia is one of the first to help provide advice to members in...
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This week in... The Penny Hoarder Community

Ashlee ·
We’ve survived another week and made it to Friday Penny Hoarders! Anyone else a holiday procrastinator like I am? Thanks to our Daily newsletter, I was reminded that there are only two weeks until Halloween - EEK! I still have no idea what I am dressing up as but want to take a more budget friendly approach with my costume this year. What are you all dressing up as? Do you have any tips for creating a fun costume on a budget? And now for this week’s announcements… Grab your library cards...
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This week in... The Penny Hoarder Community

Ashlee ·
Happy Friday Penny Hoarders! We finally got a taste of fall weather earlier this week here in Florida. It didn’t last long, but made me think of my favorite things about this time of year. What are some of your favorite budget friendly fall activities? Growing up in the Pacific Northwest, I love apple picking and pumpkin patches. And now for this week’s announcements… Thank you again to everyone who participated in our member survey, your feedback is invaluable! Join me in giving a shout out...
 
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