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Katrell Smith, Owner and Founder of Credit Up



NEW YORK, NY / ACCESSWIRE / October 13, 2020 / From a young age, Katrell had aspirations of one day becoming a successful entrepreneur.

“I used to resale my Halloween candy when I was a kid just to make a profit. I always knew how to keep money in my pockets” he told us. Watching his single mother of 2 struggle working multiple jobs to put food on the table gave him the drive and dedication he has today. He witnessed family and friends in his community struggle to live a good life. Living paycheck to paycheck to barely get by. He did not fully recognize it at the time, but the one area of potential opportunity came through real estate. Back in 2004, Katrell would spend time in Oakland, California fixing up houses with his uncle who experienced success in the real estate market before the crash in 2007.

Emerging through personal struggles later on in life, Katrell’s passion to become financially independent still remained. He aimed to take control of his life and finances. He began teaching himself the functions of credit repair so that he would be in a position to acquire property. ” My main goal in life is to become financially independent, and take care of my family. I want to be able to make enough passive income off my investments to cover my everyday expenses. This way, me working a 9-5 job will be an option, and not a requirement.” He followed up by saying “I want to help others get inspired so they can achieve the same goals”. Katrell learned what he needed to know to help him and his family, as well as the community and his peers become successful.

Katrell grew up around others who felt the tools to financial success were out of reach. He realized that for people of color, and minorities, this idea of thinking was widespread. Even though he understood how numerous institutions made it harder for minorities in similar situations to escape poverty, financial freedom was more attainable than many realize.

With all that he had learned in real estate and credit repair, the 28 year old investment property owner sought to introduce others to the tools and resources that led to his own success. He understands that financial literacy is barely, if ever, taught at school for so many young people. Katrell learned that there are easy, actionable steps anyone can take to be in control of their situation. The only requirement was knowledge, and he aimed to provide that to as many people as possible.

On 06/29/2013, Katrell lost his brother Deandre (Dre) to a violent crime. This is where the business name “Junetwenty9th LLC” originated from. “Many people have no idea how much significance the name of my business has, but if you know, then you know,” Katrell said. In 2019, the 28 year old entrepreneur started a credit repair business. To be exact, the original name of the business was “JuneTwenty9th Credit Repair” which he later changed to “Credit Up – Consulting”– A credit consulting service that aimed to do things differently than the typical credit repair firm. He recognized the poor experiences many people had with similar services, and worked to build Credit Up – Consulting with honesty and dependability as core values.

Katrell’s brand and business prides itself on being more than just the typical idea of credit repair. As the owner of Credit Up – Consulting, he wants to introduce others to the fact that there is nothing most of these credit repair companies do that you couldn’t learn yourself. So a large part of his business, Credit Up – Consulting is dedicated to teaching financial literacy that will allow people to be successful long into the future.

Now, with 5 staff members, over 500 clients, and 20 years of combined experience. Credit Up – Consulting has seen immense positive results with their business philosophies. The 28 year old business owner explained, “It’s more than just teaching others about the importance of taking control of their credit, and teaching them about finance. My company offers first time home buyers the first-hand experience in real estate and the personal/ business side of credit and funding”

Other credit services might eventually fix your credit, but they don’t teach you how to leverage that credit to create new opportunities for yourself. Katrell’s organization wants to provide you with the knowledge and tools to not just fix your credit, but start your own business or realize investments that might not have seemed possible.

Now more than ever financial flexibility through credit repair is a necessity. Credit up – Consulting is an experienced and reputable company that provides resources to ensure success for their clients who desire to be put in a position to succeed.

For people who are trying to buy a new home or refinance a current home loan, now is the perfect time due to how low interest rates are. Having your credit in tip top shape is the best way to ensure your eligibility for the best rates. Currently, Katrell and his team are accepting more clients, as well as affiliates who are looking to use their services for their own clients. For more information on how to connect with Katrell check out his website or check out his Instagram.

Written By: Troy Thomason

Media Contact:

Client Relations Team

SOURCE: Dendy Media

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Are Sallie Mae Student Loans Federal or Private?



When you hear the name Sallie Mae, you probably think of student loans. There’s a good reason for that; Sallie Mae has a long history, during which time it has provided both federal and private student loans.

However, as of 2014, all of Sallie Mae’s student loans are private, and its federal loans have been sold to another servicer. Here’s what to know if you have a Sallie Mae loan or are considering taking one out.

What is Sallie Mae?

Sallie Mae is a company that currently offers private student loans. But it has taken a few forms over the years.

In 1972, Congress first created the Student Loan Marketing Association (SLMA) as a private, for-profit corporation. Congress gave SLMA, commonly called “Sallie Mae,” the status of a government-sponsored enterprise (GSE) to support the company in its mission to provide stability and liquidity to the student loan market as a warehouse for student loans.

However, in 2004, the structure and purpose of the company began to change. SLMA dissolved in late December of that year, and the SLM Corporation, or “Sallie Mae,” was formed in its place as a fully private-sector company without GSE status.

In 2014, the company underwent another big adjustment when Sallie Mae split to form Navient and Sallie Mae. Navient is a federal student loan servicer that manages existing student loan accounts. Meanwhile, Sallie Mae continues to offer private student loans and other financial products to consumers. If you took out a student loan with Sallie Mae prior to 2014, there’s a chance that it was a federal student loan under the now-defunct Federal Family Education Loan Program (FFELP).

At present, Sallie Mae owns 1.4 percent of student loans in the United States. In addition to private student loans, the bank also offers credit cards, personal loans and savings accounts to its customers, many of whom are college students.

What is the difference between private and federal student loans?

When you’re seeking financing to pay for college, you’ll have a big choice to make: federal versus private student loans. Both types of loans offer some benefits and drawbacks.

Federal student loans are educational loans that come from the U.S. government. Under the William D. Ford Federal Direct Loan Program, there are four types of federal student loans available to qualified borrowers.

With federal student loans, you typically do not need a co-signer or even a credit check. The loans also come with numerous benefits, such as the ability to adjust your repayment plan based on your income. You may also be able to pause payments with a forbearance or deferment and perhaps even qualify for some level of student loan forgiveness.

On the negative side, most federal student loans feature borrowing limits, so you might need to find supplemental funding or scholarships if your educational costs exceed federal loan maximums.

Private student loans are educational loans you can access from private lenders, such as banks, credit unions and online lenders. On the plus side, private student loans often feature higher loan amounts than you can access through federal funding. And if you or your co-signer has excellent credit, you may be able to secure a competitive interest rate as well.

As for drawbacks, private student loans don’t offer the valuable benefits that federal student borrowers can enjoy. You may also face higher interest rates or have a harder time qualifying for financing if you have bad credit.

Are Sallie Mae loans better than federal student loans?

In general, federal loans are the best first choice for student borrowers. Federal student loans offer numerous benefits that private loans do not. You’ll generally want to complete the Free Application for Federal Student Aid (FAFSA) and review federal funding options before applying for any type of private student loan — Sallie Mae loans included.

However, private student loans, like those offered by Sallie Mae, do have their place. In some cases, federal student aid, grants, scholarships, work-study programs and savings might not be enough to cover educational expenses. In these situations, private student loans may provide you with another way to pay for college.

If you do need to take out private student loans, Sallie Mae is a lender worth considering. It offers loans for a variety of needs, including undergrad, MBA school, medical school, dental school and law school. Its loans also feature 100 percent coverage, so you can find funding for all of your certified school expenses.

With that said, it’s always best to compare a few lenders before committing. All lenders evaluate income and credit score differently, so it’s possible that another lender could give you lower interest rates or more favorable terms.

The bottom line

Sallie Mae may be a good choice if you’re in the market for private student loans and other financial products. Just be sure to do your research upfront, as you should before you take out any form of financing. Comparing multiple offers always gives you the best chance of saving money.

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Tips to do some fall cleaning on your finances



Wealth manager, Harry Abrahamsen, has five simple ways to stay on top of the big financial picture.

PORTLAND, Maine — Keeping track of our financial stability is something we can all do, whether we have IRAs or 401ks or just a checking account. Harry J. Abrahamsen is the Founder of Abrahamsen Financial Group. He works with clients to create and grow their own wealth. Abrahamsen shares five financial tips, starting with knowing what you have. 

1. Analyze Your Finances Quarterly or Biannually

You want to make sure that your long-term strategy is congruent with your short-term strategy. If the short-term is not working out, you may need to adjust what you are doing to make sure your outcome produces the desired results you are looking to accomplish. It is just like setting sail on a voyage across the Atlantic Ocean. You know where you want to go and plot your course, but there are many factors that need to be considered to actually get you across and across safely. Your finances behave the exact same way. Check your current situation and make sure you are taking into consideration all of the various wealth-eroding factors that can take you completely off course.

With interest rates very low, now might be a good time to consider refinancing student loans or mortgages, or consolidating credit card debt. However, do so only if you need to or if you can create a positive cash flow. To ensure that you are saving the most by doing so, you must look at current payments, excluding taxes and insurance costs. This way you can do an apples-to-apples comparison.

The most important things to look for when reviewing your credit report is accuracy. Make sure the reporting agencies are reporting things actuary. If it doesn’t appear to be reporting correct and accurate information, you should consult with a reputable credit repair company to help you fix the incorrect information.

4. Savings and Retirement Accounts

The most important thing to consider when reviewing your savings and retirement accounts is to make sure the strategies match your short-term and long-term investment objectives. All too often people end up making decisions one at a time, at different times in their lives, with different people, under different circumstances. Having a sound strategy in place will allow you to view your finances with a macro-economic lens vs a micro-economic view. Stay the course and adjust accordingly from a risk and tax standpoint.

RELATED: Financial lessons learned through the pandemic

A great tip for lowering utility bills or car insurance premiums: Simply ask! There may be things you are not aware of that could save you hundreds of dollars every month. You just need to call all of the companies that you do business with to find out about cost-cutting strategies. 

RELATED: Overcome your fear of finances

To learn more about Abrahamsen Financial, click here

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How to Get a Loan Even with Bad Credit



Sana pwedeng mabura ang bad credit history as quickly and easily as paying off your utility bills, ‘no? Unfortunately, it takes time. And bago mo pa maayos ang bad credit mo, more often than not, kailangan mo na namang mag-avail ng panibagong loan. 

Good thing you can still get a loan even with bad credit, kahit na medyo limited ang options. How do you get a loan if you have bad credit? Alamin sa short guide na ito. 

For more finance tips, visit Moneymax.



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