Simple Credit Tips

06/10/2024

05/26/2023

Credit is WEALTH! Do not let anyone tell you differently; it’s all an out how you handle it.

05/26/2023

I’m so sorry for the enormous gap in posting. I’ll go live later this evening to discuss good starter credit cards 🙃

05/08/2023

05/07/2023

Did you know there are different credit score scales?

Here in the USA, the credit score ranges from 300 to 850, with 300 being VERY POOR/POOR, and 850 being EXCELLENT.

In Canada, the range is from 300 to 900, and in Australia, it ranges from 0 to 1000/upward 1200!

Here in the states, we use EQUIFAX, EXPERIAN and TRANSUNION to monitor credit scores, and use VANTAGESCORE and FICO as scoring models.

Join me for a live discussion to break it all down 🙃

05/07/2023

05/07/2023

A lot of us were taught at a young age, that CREDIT IS BAD (and to only use cash for things you need/want), or ONLY FOR A CERTAIN DEMOGRAPHIC. Well that is not the case.

Credit isn’t bad and only for certain people; it is however, very much needed to obtain big ticket items that the majority simply cannot flat out pay cash for. E.g. houses, vehicles, expensive repairs, unexpected emergencies, etc.

Now I will say this, with credit comes responsibility, and sometimes that responsibility could be seen as a burden (and that may be a reason why people are hesitant to use it. A lot of us have enough to worry about already 🤷🏾‍♀️). When credit is used responsibly, it can be very beneficial. Credit itself isn’t bad, it’s the habits of misuse that is (generally, the misuse is due to lack of knowledge).

05/07/2023

Did you know you can add your tiny humans (minor children) as AUTHORIZED USERS to your credit card(s)?

Adding your little broke best friends as authorized users establishes a CREDIT AGE and PAYMENT HISTORY for them. *Just remember that whatever you do/do not do will have an affect (be it positive or negative).

If you decide to add your child(ren) to your credit card(s), make sure you continue to make your payments on time and stay under the 30% credit utilization.

And YES, it is completely legal, as there is no legal, minimum age for adding a tiny human as an authorized user (however, please make sure you check the card issuer's policies before doing so).

THE PROFILE PIC IS OF OUR 18 YEAR OLD’S CREDIT REPORT PULLED ON 5/6/2023 through Credit Karma. (She recently turned 18 in April). Just 7 points away from EXCELLENT credit, and she’s only been 18 for three weeks!
(We added her and our two other tiny humans to our credit cards two years ago).

If you are in the position to do so, add your tiny humans; if not, get into the position to do so (post coming soon) and ADD YOUR TINY HUMANS!

05/07/2023

Welcome to the Simple Credit Tips page! Here, you will learn basic information about obtaining/establishing credit, and maintaining it. Check out and participate in the live discussions (and/or post to the page) to share what helped you in hopes to help others.

Financial freedom is something everyone deserves, so let’s help each other achieve it 🙃🤗!