Realtor-Varney Jallah

04/23/2024

Six things that can hurt your credit score:

1. Late or missed payments on loans or credit cards.

2. High credit card balances(high credit utilization).

3. Applying for multiple new credit accounts in a short period (too many hard inquiries).

4. Defaulting on loans or declaring bankruptcy.

5. Closing old credit accounts reduces your overall credit history length.

6 Having accounts sent to collections due to unpaid debts.

Have any other questions about building your credit?

Book a free 20-minute
consultation with the link in the first comment 👇🏿

04/16/2024

Here are 4 common credit repair myths that just aren’t true:

❌Opening many lines of credit will increase your credit score.

❌Closing credit accounts will improve your credit score.

❌You can increase your credit score by removing negative accounts.

❌Paying off loans early will boost your credit score.

Instead, focus on…

✅Paying your bills on time.

✅Keeping your lines of history open

✅Applying for a small personal loan.

Have any other questions about building your credit?

Book a free 20-minute
consultation with the link in the first comment 👇🏿

03/28/2024

Here are 6 ways to build credit:

1. Make frequent payments.
Pay off your credit card. Frequent payments show you’re trustworthy, and that’s what credit’s all about.

2. Ask for higher credit limits.

3. Dispute credit report errors.
1 in 3 credit reports will have an error.

4. Become an authorized user.
Becoming an authorized user on a friend or family member’s account can help with building your credit.

5. Use a secured credit card.
Secured credit cards simply require a cash deposit to open an account. This acts as a
sign of trust, building your credit and credibility.

6. Keep credit cards open.
Closing a credit card = you don’t have that line of credit or credit history. Keep
your history long to increase your credit score!

Have any other questions about building your credit fast?

Book a free 20-minute
consultation with the link in the first comment 👇🏿

03/26/2024

One of the biggest mistakes I see my clients make is making too many big purchases all
at once –– especially buying a car right before purchasing a home.

If you’re choosing your next big move, go for the house first! Mortgage loans are a lot more
tricky than auto loans, so prioritize the mortgage to ensure your credit score stays solid
to keep your options open.

Want more mortgage and credit tips?

Schedule your free consultation with the link in the first comment 👇🏿

03/22/2024

Start your kids with a 750 credit score early.

Here’s how:

✅ Once your kids turn 17-18, add them as an authorized on one of your oldest credit
cards.

If your credit card is 10 years old and they get added as an authorized user, they
will automatically inherit 10 years of credit age.

❌Don’t do this if you have a poor credit history and high utilization.

But if your credit is healthy and strong, you can pass down those good credit history to
your kids!

Did you know you could do this? Comment your thoughts below!

03/16/2024

Credit Myth: Paying a collection report will automatically get it removed from your report — WRONG!

There are a few things that you can do when it comes to handling a collection agency:

Make sure they are authorized to collect on that debt.

Check if the debt is still within the federal and state statute of limitations.

Make payment arrangement with them –– and get it in writing.

Schedule your free consultation with the link in the first comment 👇🏿

03/08/2024

Your debt won’t live on your credit report forever.

The statute of limitations for negative items on your credit report can vary on a state vs. federal level.

Meaning, on the federal level, a negative item can appear on your credit report for 7.5 years.

But on a state level, it can go away sooner or even later, all depending on where you live.

Find out your state’s statute of limitations for negative items on credit reports!

05/29/2019

Researchers may have found the epicenters of moonquakes that have defied explanation for more than 40 years. http://np.ly/5g1V

A new look at Apollo-era seismic data revealed that the moon's insides might be warmer than scientists thought possible.

05/27/2019

In appreciation of service members and their families who have sacrificed so much to protect our freedom. http://np.ly/5eFG

Memorial Day is more than just a chance to get the year's first sunburn. It's a time to remember the men and women who sacrificed their lives for their country.

05/25/2019

Thinking about buying your first home? Contact me any time for friendly, expert help. Let's get started! http://np.ly/5dgN

Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns.

05/24/2019

Research shows that happiness is the precursor to success, not the result-and that it actually fuels success. http://np.ly/5bNU

“We have to actively choose happiness by remembering that our external world does not define our happiness," says Shawn Achor.

05/22/2019

A new survey shows 79% of us feel a lawn is an important feature to consider when buying or renting a home. http://np.ly/5and

Practicing diligent lawn care and yard maintenance might seem like a losing battle, but caring for a good-looking yard is more important than you may realize.