Connect with us

Financial advice

Military Resource Links – Helpful Resources for Vets & Miltitary Personnel

Published

on

Good afternoon Credit Absolute,

First, I want to thank you for your dedication to the millions of men and women that have served our country. My name is Jonathan Adkins and just like you, I aspire to be a useful resource for our veterans when they return home. Veterans with combat exposure and multiple deployments can result in using drug and alcohol to counteract PTSD. In fact, the U.S. Department of Veterans Affairs stated that more than 20 percent of veterans with PTSD also suffer from an addiction. That’s why your website is of such great importance. Under your leadership, creditabsolute.com freely gives the life-saving information that support veterans who have sacrificed so much for America.

To do my part to help, I decided to join the community outreach team for substance abuse site, AddictionCenter.com. We provide valuable information about substance dependency and help connect individuals struggling with addiction to treatment options. More specifically, our team has dedicated a section of the site as a guide for veterans suffering from drug abuse and mental illnesses. Our goal is to help expand the resources available on the web for all veterans in the United States of America.

When I came across your website, I found your excellent resources page here at: https://www.creditabsolute.com/military-resource-links. I feel that veteran issues are something we could help you cover further. Our website has excellent pages related to veterans, PTSD, and addiction. You can check them out here:

http://www.AddictionCenter.com/Addiction/Veterans
http://www.AddictionCenter.com/Addiction/Post-Traumatic-Stress-Disorder

Are you willing to partner with us by adding these links as a resource to your page? Together we can help support the men and women that sacrifice greatly on our behalf.

I look forward to hearing from you soon!

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Financial advice

Managing Your Finances When Living Paycheck to Paycheck (Tips)

Published

on

Managing Personal FinancesIt is never ideal for a person to live paycheck to paycheck. And if the idea of living paycheck to paycheck sounds stressful, imagine actually living life this way. Many people who don’t have a high-paying job have to find a way to live comfortably, and learning to manage your finances is a great start.

Managing your finances may seem like a difficult task when you live paycheck to paycheck, but there are things you can do to ensure your success.

Create a budget

When you have a limited income and live paycheck to paycheck, it is important for you to create a budget. The reason being you can successfully manage your finances when you keep a close eye on your income and expenses. Additionally, you can cut out unnecessary expenses and have some extra cash.

Use the half method

The half method requires you to pay bills in two separate payments rather than one lump sum. For example, if your cell-phone bill is $100, rather than pay the full balance on the due date, you can pay $50 with one paycheck before the due date, and the last $50 with another paycheck on or around the due date. With each check, you will then have $50 to save or spend.

Pay the minimum balance

If you have credit cards, consider paying at least the minimum balance when the bill comes due. It may be tempting to just not pay it, but ignoring your credit card payment will only result in you owing more money and damaging your credit score. Between the additional amount you could pay in interest and late fees, it makes sense to just pay the minimum balance and keep your account in good standing. Of course, if you can comfortably pay the full balance, that is always an option.

Renegotiate your bills

Renegotiating your bills doesn’t mean you have to eliminate the expense but find a more affordable option for you. For example, you may be able to reduce your auto insurance payment by a few dollars if you change coverage or inquire about discounts. If you have both internet and cable, perhaps you could change the plan or discuss the possibility of a more reasonable price for your budget with your provider. Maybe even dropping cable and using online streaming services is an appealing option.

Put your savings on auto

Just because you live paycheck to paycheck, doesn’t mean you can’t save. Even if it is a small amount that you are putting away every payday, over time it will add up. Whether you are building an emergency fund in preparation for the unexpected or just saving for life, you can put your savings on auto and select an amount to automatically be withdrawn from your checking and deposited into your savings.

Why managing your finances is necessary

So, why is managing your finances necessary? Poor management of your finances will do more harm than good. In fact, if you don’t properly manage your finances, you could end up spending more money than necessary and even damage your credit score. And when your credit score is poor, you will have a difficult time getting approved for credit cards, loans, and even an apartment.

When you think about the issues that can arise when you don’t have a handle on your finances, you may think twice about your situation and what you can do to change it. When you are living paycheck to paycheck, you may feel helpless, but you have options. And with all of the financial troubles you could face leading to more stress, it could easily be avoided if you take the time to manage your finances.

Made poor financial decisions in the past that negatively impacted your credit? We can help! Contact Credit Absolute today for a free consultation. 

Source link

Continue Reading

Financial advice

Tips to Help Manage & Maintain a Good Credit Utilization Rate

Published

on

Managing Credit UtilizationWhen you think of your credit score, you may not consider how this number is calculated or how your actions play a role. Simply put, every credit score is made up of certain criteria, and each criteria can cause an increase or decrease in credit score. With credit utilization being one of the things that can impact your score, it may be time to learn how to manage your credit utilization.

In order to successfully manage your credit utilization rate, you’ll need to understand what it is and how it can negatively or positively impact your life. 

What is credit utilization rate and how is it calculated?

Credit utilization rate is a number used to compare the amount of debt you owe to the amount of credit you have available. By dividing the amount of credit that you use by the amount of credit available, you can determine your credit utilization rate. The more of your available credit you use the higher your credit utilization rate.

For example, if you have several credit cards, one with a credit limit of $500, one with a credit limit of $200, and another with a credit limit of $300, your total available revolving credit amount is $1,000. If you use $400 of the $1,000 of available credit, your credit utilization rate will be 40%. Whereas if you were to use $100 of your available credit, your credit utilization rate would be 10%.

Why does your credit utilization rate matter?

Credit utilization is one of the many factors that can affect your credit score. It actually makes up 30% of your FICO credit score, which means it is one of the most important factors that influence your credit score. Depending on the number, creditors and lenders may or may not approve your application. This is because your credit utilization rate is another way for creditors and lenders to measure your ability to manage your finances.

If you have $2,000 of revolving credit available to you between one or multiple credit cards, in order to keep your credit utilization at or below 30%, you’ll want to use no more than $600 if you don’t want to see your credit score drop significantly.

Managing your credit utilization

Since your credit utilization rate accounts for 30% of your credit score, you want to pay close attention to this number to ensure it doesn’t start to negatively impact your score. This is especially true when you want to improve your score to increase your chances of being approved for things that require good credit such as applying for a home loan or apartment.

You can successfully manage your credit utilization rate by:

  • Increasing your credit card limit
  • Paying your credit balance in full instead of just the minimum balance
  • Keeping credit accounts open even when there is little to no use
  • Pay down debts
  • Actively monitor your credit usage

Keep in mind that the goal of managing your credit utilization rate is to keep it at 30% or less. This doesn’t mean that you have to completely stop accessing your revolving credit, but you want to do so responsibly if you don’t want to see your credit score suffer.

For credit repair assistance and financial advice, contact Credit Absolute today for a free consultation!

 

 

Source link

Continue Reading

Financial advice

Financial Literacy for Kids: How Kids Should Spend Their Money

Published

on

Source: BusyKid.com

The post Financial Literacy for Kids: How Kids Should Spend Their Money appeared first on Credit Absolute.

Source link

Continue Reading

Trending