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Do You Have an Error on Your Credit Report?

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As many as 40,000,000 consumers in America have an error on their credit report. This is according to the 2013 report provided by the Federal Trade Commission. We found this video online and really think everyone should review their credit report.

For example, an auto finance company was fined for knowingly reporting errors on the credit report of their customers. Find more information here on this story.

When you are done watching this video, call us today at 1-855-697-7278 to get started today to make sure your credit report is accurate!

As Fed Ponders Rates, Several Moves Consumers Should Think About

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The Fed recently ended its usual Open Market Committee meeting, and the Fed continued intimating that rates will be rising soon. The term "soon" doesn't mean tomorrow, but more importantly, it is bracing everyone to get ready for the changes that are going to come.

And what are those changes coming, you may ask? Higher interest rates. Teresa Dixon Murray wrote an excellent article highlighting 6 moves consumers should start thinking about and how it may affect them coming up in the near term.

The list is excellent is worthy of a full read. But here's two points that Murray points out:

Mortgage rates will increase:
Rates remain ridiculously low, at 4.1 percent last week. The Fed doesn't directly control mortgage rates but as the Fed pulls back buying mortgage investments and as it prepares to hike base rates, mortgage rates are sure to rise. The next few months could be your last chance to refinance at the bottom

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Credit card rates will jump:
Under the Credit Card Accountability Responsibility and Disclosure Act of 2009, banks and other card issuers cannot raise rates like they used to, based on their mood, the weather or their desire to make more money. However, credit card issuers can raise rates that are tied to a benchmark rate if that benchmark increases. So when prime increases, rates tied to prime will increase.

It's important to talk to a specialist to help you figure out your next step. Call us at 855-697-7278 or fill out this credit specialist form now and tell us when to contact you to get started!

Debt Solution Plan for 2015

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Ok, so you may have missed your debt solution plan or credit repair plan for 2014. But it's not too late to start getting ready for 2015! By getting a head start on it and marketing your calendar, you can start getting ready for 1/1/2015 and then hit the ground running.

We recently found this great plan created by Miranda Marquit over at Quizzle called, "How to Create a More Effective Debt Pay Down Plan in 2014" that really gives a great debt solution plan. Here's a quick, little break down of the first step, looking at your monthly cash flow:

“First, take stock of your personal monthly cash flow,” says Anthony Manganiello, a financial literacy expert and author of The Debt-Free Millionaire: Winning Strategies to Creating Great Credit and Retiring Rich.

Manganiello recommends that you gather all of your monthly bills and deduct them from your total monthly income. “I mean all of your bills,” he says. “Utilities, food, gas, debt payments, credit card statements, everything. Include those you pay quarterly or bi-annually, like insurance.”

Once you have decided to do credit repair or start a debt solution plan, contact us to help you. With several of our programs, we can get your debt problems solved in 2015!

Know The One Simple Rule To Boosting Your Credit Score?

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Ok, so you may have missed your debt solution plan or credit repair plan for 2014. But it's not too late to start getting ready for 2015! By getting a head start on it and marketing your calendar, you can start getting ready for 1/1/2015 and then hit the ground running.

We recently found this great plan created by Miranda Marquit over at Quizzle called, "How to Create a More Effective Debt Pay Down Plan in 2014" that really gives a great debt solution plan. Here's a quick, little break down of the first step, looking at your monthly cash flow:

“First, take stock of your personal monthly cash flow,” says Anthony Manganiello, a financial literacy expert and author of The Debt-Free Millionaire: Winning Strategies to Creating Great Credit and Retiring Rich.

Manganiello recommends that you gather all of your monthly bills and deduct them from your total monthly income. “I mean all of your bills,” he says. “Utilities, food, gas, debt payments, credit card statements, everything. Include those you pay quarterly or bi-annually, like insurance.”

Once you have decided to do credit repair or start a debt solution plan, contact us to help you. With several of our programs, we can get your debt problems solved in 2015!

Mixed Emotions Coming From Fed

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While middle America and consumers continue to fight and claw through today's economic times, the Fed has grown increasingly aggressive in its tone, but the official voice of Janet Yellen, the Fed Chair, hasn't made an inkling into her actual thoughts.

From CNBC's Patti Domm:

But the Fed broke new ground with its July meeting minutes, signaling that it is thinking about a return to normalcy and potential policy paths to get there. It noted that both employment and inflation are moving closer to mandated goals.

"The biggest thing that was hawkish was they've all been surprised on the upside with how rapidly the labor market has improved," said Mesirow Financial chief economist Diane Swonk. "There is also a split among them about whether wages are accelerating. The staff report says no, but certain regions are saying maybe they are."

The biggest take away that Spartan Credit Advisors has for people is to TAKE ADVANTAGE of the current products and offerings before the current situation changes. If rates rise, credit and your money power will diminish.

Contact us right now for your credit repair or business funding needs.