Karissa Financial Literacy and Credit page

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👉🏼 How to Reduce Your Debt-to-Income Ratio
Fundamentally, reducing your debt-to-income ratio involves reducing your loan payments and increasing your income.

With student loans, you can reduce your monthly loan payment by choosing a repayment plan with a longer repayment term, such as extended repayment or income-driven repayment.

Other options include aggressively paying down your debt, qualifying for student loan forgiveness and refinancing to get a lower interest rate and a lower monthly loan payment.

Do not cosign loans, because a cosigned loan counts as though it were your loan on your credit reports.

Cut your spending and pay for purchases with cash instead of credit. Do not carry a balance on your credit cards. Do not get more credit cards. Delay any large purchases that may affect your debt-to-income ratio, such as buying a new car.

💥💥Repossessions!💥💥
There’s always questions about what to do if you have a Repossession on your credit reports.
We’ll here’s an expert strategy if you experienced a repo WITHOUT gap.

We call this a 'credit sale discrepancy.' This factual dispute strategy is usually successful. When they purchased the car, it was set up one of two ways:

1. installment loan
2. credit sale, meaning that the dealership sold the auto loan to the lender.

Most dealers do the credit sale. If the client signed the document at the dealership, it's an 80% chance it's a credit sale. If the report says "loan" you can factually dispute the repossession based solely on that specific factual error.

Ex. verbiage! "The loan account you are reporting is identifying as an installment loan which is factually incorrect. The true account type for the type of account is a "Credit sale agreement" I have the right to an accurate credit file and discrepancies like this are unacceptable. Please remove this account from my credit file immediately."

If they verify it, let us know. There's advanced plus legal action you can take.

Words have meaning....
💪🏾Let's WORK!!💪🏾

Is credit holding you back from getting approved for the things that you want?

We have a proven system helping people restore their score & ELIMINATE car payments!

Comment “ELIMINATE” to learn about our car program

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🏆Credit Hack🏆

Delete those old addresses! Your addresses are linked to those negative accounts. By deleting those addresses, you delete one of the main factors used to verify your information in the dispute process which could potentially INCREASE your score.

If you want, I can send you the letter template for FREE!

You’re welcome! 😇

This is sooo important!!

Knowing which Credit Bureau will be used is important. It will allow you to position yourself for approval✅😉.

This will allow you to check your credit and go to the bureaus with no derogatorys, a few inquirys, and a highscore.

Karissa Lyn
Financial and Credit Life Coach

https://linkfly.to/KayLyn005

Imagine being told you can’t get a Credit card and then boom, after trusting the process💥👐💰💰🙌🏻 Get qualified for $20,000 🙌🏻💪💯 Stop what you are doing and help me congratulate my client!

Our clients are winning 🎊🎊💯

A delayed day is a delayed life!!

We have been helping people Help themselves since 2004... This is just one of thousands praise reports.

It's not a game.

Karissa Lyn
Financial and Credit Life Coach
504-323-4782

The problem isn’t the fee to start a business, the problem is you work 40 hrs a week & don’t have the funds to build a legacy..

It’s time to change this in 2022!!!

The Secret to getting ahead is getting started 💡

Helping 50 Moms & Dads Fix Their Credit So They Can Buy a Home 🏡 Who wants in?

Today’s Credit Tip 🎯

Reduce the amount you owe.
Ultimately the best thing you can do to increase your credit score is to reduce the amount you owe.
The amount you owe determines 30% of your credit score, but with financial discipline it can be easier to reduce the amount you owe than clean up a late and missed payment history.

By paying on time, twice per month, and decreasing the amount you owe, you can control the factors that collectively make up 65% of your score. (Payment history=35% + amount owed=30% totals 65%)

So by diligently focusing and committing to reducing the amount you owe and paying bills on time, you will dramatically improve your score.

💎Credit Tip 💎

Top 5 Reasons Why Your Credit Score Will Drop🧐

1. A Payment reported over 30 days late.
2. You made an expensive Credit Card purchase and now your balance is over 30% of your limit.
3. An Unpaid account was sent to collections.
4. You Closed a Credit Card account.
5. You Applied for new credit (hard inquiry).

***Inbox me for HELP TODAY‼️****