Sweep Away the Cobwebs in Your Finances

You go to see a dentist when you have a tooth problem, a doctor when you are sick, a mechanic when you car needs repair, a lawyer for legal advice, so why don't you hire a financial expert to help you with your finances? You can.  

Get the advice of a true, talented and passionate financial expert to help you blast away bad financial habits and achieve the life you always wanted. 

Using my financial programs you will have: 

• Less stress
• More options, more choices
• Peace of mind
• Access to products and services
• Save money
• Increased cash flow
• Increased net worth

                   I have some great financial programs to help you with your finances! 
                                                 Take charge of your finances now.

Credit Score Mastery Program

If you have bad credit, I have a Credit Score Mastery Program to help you. After completing this program clients: will feel better, will get easily approved for personal or business credit, will have negotiating power, increase job opportunities, will save money in fees, will increase liquidity, and have more options and more choices when spending money. I had a client who had a 420 credit score and I assisted them by increasing their credit score to 700. They were able to purchase a home and create financial stability for their family. If you want to have good credit click here to purchase this program now!

Debt Free Mastery Program 

If you owe lots of debt, have creditors calling you constantly, received threatening letters from creditors or collections agences, I have a Debt Free Program to help you. After completing this program clients: will feel better, increase their credit score, will get easily approved for credit, will save money in fees, will increase liquidity, will increase monthly cash flow, increase their net worth and free up money to contribute to savings and retirement. If you want to get out of debt click here to purchase this program now!

Identity Theft Program
If you have been a victim of identity theft, I have an Identity Theft Program to help you. After completing this program clients: will feel better, get their identity back, save money in fees, save time, learn ways to protect their identity in the future. If you want to get your identity back click here to purchase this program now!

Budget Mastery Program
If you are living paycheck to paycheck, struggling to pay your bills or are overspending, I have a Budget Mastery Program to help you. After completing this program clients: will learn how to track and categorize spending, differentiate between wants and needs, save money on purchases, and increase your monthly cash flow. If you want to be a better steward of your money click here to purchase this program now!

 

If you woud like more information feel free to contact me at consulting at hefreemanenterprises dot com.

I also create customized programs to fit your specific needs. Take action today. Don’t wait. Contact me at consulting at hefreemanenterprises dot com.

Kind regards,

Harrine Freeman

Owner, H.E. Freeman Enterprises

www.hefreemanenterprises.com

Financial Expert, Speaker, Freelance Writer
Author of How to Get Out of Debt: Get an "A" Credit Rating for Free

As seen in Forbes, MSN Money, Marketwatch, NASDAQ.com, Yahoo

http://hefreemanenterprises.blogspot.com  (blog)

http://www.twitter.com/harrine

March Madness and Your Finances

                                         

March Madness is always action packed and full of surprises. Everyone will be watching to see what teams are selected to play and the teams that advance to each round. With all this excitement about March Madness, consumers should use that same excitement to improve their financial situation. 

Some consumers go into debt watching March Madness: ordering cable sports packages, hosting game parties, going to sports bars to eat, drink and watch the games all day, buying tickets to live games, and buying sports memorabilia. All of these costs can add up and cause you to overspend.

The goal of basketball is getting the ball to go securely in the net to score points. 

The goal of improving your financial situation is getting out of debt, increasing your credit score and your liquidity.  If you are obsessed with watching March Madness you may be obsessed other things. This year use that obsession towards your finances. Use your tax refund to improve your financial situation. If you are spending more than you earn, living paycheck to paycheck or have little to no savings or retirement, here are 6 ways to improve your financial situation. 

1. Don’t hit an air ball – Many people file bankruptcy multiple times as an easy way to get out of debt. You should only file bankruptcy as a last resort. Filing for bankruptcy greatly lowers your credit score and remains on your credit report for 7-10 years.
2. Ball control – Manage your finances by reducing expenses and reducing debt. Taking control of your finances is key to developing good spending habits and reducing the change of having a financial crisis. The total amount of debt you owe contributes to 35% of your credit score.
3. Shoot for a basket – Set financial goals as part of your budget. Develop an action plan to achieve each goal. Creating a budget helps you live below your means, reducing your spending and reduces your chances of going into debt. Your total monthly debt excluding mortgage and car loan should be no more than 10% of your total monthly gross income. 
4. Don’t try to achieve a bury – A credit score or FICO score ranges from 300-850. Only a small percentage of Americans, less than 5% achieve a score in the 800’s. Focus on paying down debt, paying your bills on time and getting current on any late accounts. These actions will help increase your credit score. Don’t focus on getting a perfect credit score, focus on getting the best credit score you can.
5. Don’t stay cold – Many consumers have tried different methods on their own to get out of debt. If you are unable to improve your situation on your own, don’t stay cold – get professional help from a credit counselor, financial coach or financial planner.
6. Avoid disqualification – You can lose your job or get disqualified from a job by having bad credit. Bad credit can also prevent you from being approved for a loan or line or credit.

How Credit Score Points Affect Your Credit

                                            

Your credit score it is one of the most critical factors in your financial life. Your credit score determines if you are approved for a loan or line of credit. Credit scores are used to determine: if you will be hired for a job, interest rates, terms and conditions, downpayment costs, rates for medical and other insurance coverage, approval for cable and internet service and more.

A credit score is a mathematically calculated number developed by the Fair Isaac Corporation (FICO) that lenders use to rate potential customers in determining the likelihood that a customer will pay their bills on time.

A credit score or credit rating is determined by using five main criteria as defined by MyFico.com: your payment history which accounts for 35% of your credit score, the amounts owed which accounts for 30% of your credit score, the length of your credit history which accounts for 15% of your credit score, new credit which accounts for 10% of your credit score, and the types of credit used which accounts for 10% of your credit score.

Payment history shows the history of how you paid your bills either on time or late. Amounts owed shows the total amount of credit you have available. The length of history indicates how long you have had credit. New credit indicates how many times you have applied for new credit. If you open too many new accounts in a short period of time this may lower your credit score. The types of credit used indicate the types of accounts you have such as revolving or installment accounts. Revolving accounts are usually credit cards and installment accounts are usually mortgages, auto loans, etc.

The FICO credit score model ranges from 300-850 with 850 being an excellent score and 300 being the worst score. The higher the credit score the lower the interest rate you will receive for a loan or line of credit. Possessing a good credit score can save you thousands of dollars in interest over the life of the loan or on a line of credit. A good credit score is generally in the range of 720 or above but may vary from lender to lender.

When applying for credit or a loan if all three credit scores are pulled, the middle score is generally the score used with the application.  Your credit score varies from each bureau because each agency collects their own data from various sources and may collect different data for the same account. Your score can vary anywhere from 5-40 points between the three credit bureaus.

Your credit score changes due to updates to your credit file which changes based on account activity such as balance changes or additions to your credit file (i.e. new accounts or deletion of older negative accounts more than 7 or 10 years old). As a result, you may see a difference in your score from one month to the next.  Here are some guidelines to help you determine how payments affect your credit score:

Payments

• Paying a 30 day late payment can increase a score by 3-80
• Paying collection accounts can increase a score by 20-90 points
• Paying public records (judgments, tax liens, Chapter 7 or Chapter 13 bankruptcy) can increase a credit score by 75-150 points
• Paying a charge-off can increase a credit score by 50-100 points
• Paying a repossession can increase a credit score by 50-100 points
• Paying delinquent student loans which can increase a credit score by 50-80 points

The major disadvantage of credit scoring is that it relies on information in your credit report that may contain errors. It is estimated that 75% of credit reports contain at least one error.  That is why it is so important that you check your credit report at least once a year to ensure that all information is accurate and up to date.  

If you plan on purchasing a large item such as a car, house or investment property, it is best to pull your credit yourself to see if any negative items appear so you can fix those issues before applying for a loan. The best way to understand your credit score is to do research and read the information that is included when you order your credit report.