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Covid-19 and My Mortgage!

Covid-19 and My Mortgage!

My Mortgage is late! Now What?Should I request mortgage forbearance?If your income has not been affected by the pandemic and you are in good standing mortgage wise, it may be a good idea to keep paying. This is especially the case if you are in a circumstance where...

8 MAJOR REASONS FOR CREDIT!

8 MAJOR REASONS FOR CREDIT!

Nearly 1 in 5 Americans are "credit invisible" or "credit un-scorable". This means they either have no credit history with the main credit bureaus or there is insufficient information to generate a credit score.Unfortunately, having no credit score makes your life...

Child support can and will affect your credit.

Child support can and will affect your credit.

Delinquent child support can get listed as a tradeline, or account on your credit report. It is reported to credit bureaus directly by the municipality or agency collecting the debt. And, having unpaid child support on your record can have “substantial, negative”...

Are you struggling during the COVID-19 pandemic?

Are you struggling during the COVID-19 pandemic?

While the COVID-19 Pandemic is at its forefront in our world today, many of us are faced with challenges. A lot of us have experienced a loss of income or an increase in expenses. With families being home a lot more the everyday cost of living has likely increased....

Don’t use your 401k to pay off credit cards or loans!

Don’t use your 401k to pay off credit cards or loans!

The new Corona virus stimulus packet will allow Americans to withdraw from their 401k penalty free and here is why you shouldn’t do that to pay off loans or credit cards. The $2 trillion stimulus package, also known as the Corona Aid, Relief and Economic Security Act...

What In The World Are We Going To Do Now?

What In The World Are We Going To Do Now?

As a potential recession lurks, traditional banks and other financial institutions are tightening the reins on loans to households with shaky credit. Access to credit is being tightened as the corona virus forces mass shutdowns nationwide and around the world. Tens of...

Why are Secured Cards so valuable to your credit.

Why are Secured Cards so valuable to your credit.

Here at Credit Services of America we like to educate our clients on different ways they can start building their credit and improving their score. One of ways we recommend doing this is by obtaining a secured credit card.  Opening a secured card is simple. You will...