Category: <span>Debt Consolidation</span>

4-Pronged Approach to Strategic Credit Repair

A 4-Pronged Approach to Strategic Credit Repair

Moodie Bluez Consulting specializes in strategic credit repair and consulting to help guide you to a better financial future.

We have a team of dedicated professionals who are on a mission to help our clients go from feeling defeated and stressed out to feeling empowered and on track to a better future.

But how do we do this?

Shawn Moodie, founder of Moodie Bluez Consulting, developed a 4-pronged approach that’s as simple as ABC… well… as simple as ABCD!!

The A is for Attorneys

Moodie Bluez Consulting has a network of attorneys available to protect your rights.

B is for Build, Maximize, or Establish Credit

We love to geek out on strategies that help you either build credit, maximize the credit you already have, or establish credit if you’re new to the credit game.  This can mean saving you a ton of money on interest rates when making big purchases.

C is for Credit Repair with Care!

We care about helping you reach your goals and ultimately winning! We help you repair your credit by disputing erroneous items on your credit report and advocating for your rights as a consumer.  A bad credit history doesn’t have to ruin your future!  We will help you make the best of the situation you’re in while creating a plan to help you recover.

D is for Debt Relief

The fourth and final element to our approach is coming up with a game plan to help you tackle your debt.  Our plan will help you see the light at the end of the debt tunnel so you can get on track to a better future!

So there you have it!  Shawn Moodie’s 4-pronged system is helping us empower consumers just like youevery single day!

Bad Credit? Avoid These 3 Critical Mistakes

A poor credit score will most likely affect you if it hasn’t already. In the current economy, a FICO score of 600 or below will lump you in with the 68 million other Americans who are also struggling in the realm of credit.

A poor credit score will undeniably have adverse effects on your financial future if not addressed.

If you have fallen into a bad credit situation, avoid these three critical mistakes to keep it from going from bad to worse.
1. Failing to learn how to improve your situation
If you have bad credit, it’s imperative that you educate yourself about how credit works and the necessary steps to improve your situation. You can start right now by making on time payments and paying down your balances, as these factors are the largest weights on your credit report.

2. Neglecting the problem
Don’t keep your head in the sand! Neglecting the problem will only make it worse. This is a stressful way to live as you will constantly have the prospect of lawsuits, wage garnishments, or bankruptcy looming over you.

3. Falling for debt relief scams
According to a Federal Trade Commission report, 1.7 million Americans fell victim to debt relief scams in 2013. Disreputable agencies will often take advantage of someone’s dire financial situation through promising upfront cash and later charging an incredibly high interest rate. Do not do business with agencies that sound too good to be true. Furthermore, always know that promising money up front and “no credit check required” are often red flags of a company looking to prey on your bad credit situation.
Bad credit situations happen. There’s always an opportunity to get back on track! To learn more about improving your credit and avoiding critical mistakes, contact Moodie Bluez Consulting.

A Cause for Bad Credit – Eliminate Debt To…

It is quite understandable that credit scores play a big role in our financial lives. A good credit score (generally above 700) helps you receive fast approvals for renting an apartment or helps you receive better insurance rates for a car or house. While a good credit score can get you far, there are large numbers of Americans who have poor or bad credit. A common reason why many people may have poor credit is that they lack an understanding of which factors actually impact their credit score or how to improve their credit. If you want a bright financial future, it’s important to understand how to build good credit.

What Affects Your Credit Score?

There are five factors that make up your credit score. We call these The Big Five:

  1. Your credit history. This accounts for 35% of your overall credit score.
  2. Your amounts owed, accounting for another 30%.
  3. The types of credits you have.
  4. How long you are using credit
  5. How often are you applying for new credit (Inquiries)

Of the five factors that calculate your credit score, your payment history is the primary weighing factor affects your credit score. The number one contributor to a bad credit is the inability make reliable payments and accumulating debt. If thousands of dollars in debt is the primary cause of your bad credit, it best to setup a debt repayment plan to eliminate your debt.

The Debt Snowball Plan

A great repayment plan option would be the ‘debt snowball plan’. Debt snowball plan is a debt reduction strategy. It is a good option if you have multiple debt payments, such as credit cards and loans. This plan suggests that you pay off debts in order from the smallest debt working your way up to the largest until you’ve gained enough momentum to wipe them all clean. This method works because if in any circumstance you start paying your largest debt first, you would see a slower progress than if you started off with a smaller one. This causes one to feel less motivated which affects our ability to stick with your plan towards debt freedom. There are several other repayment plan options which can help you eliminate debt. You can work with a credit counseling agency, a debt consolidation program, or a credit repair consultant like Moodie Bluez Consulting. When it comes to eliminating debt, it is important to at least have a plan.  Regardless of which plan you choose, it is always important to remember to keep with the plan – because having low debt and a high credit score is key to your financial life!