Recent Posts by Taylor

Credit Education: What Schools Don’t Teach Kids

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This week's blog is on "credit education". But more than that, we are focusing on how important it is that our young people understand the gravity of credit in their lives. The video above is an effort to give us perspective. If you haven't already, go ahead and watch it now. Then come back! Parents have a ...

Types of Credit | The FICO Score Mini-Series

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Types of Credit Determines 10% of a FICO Score - This week we bring our FICO Score Mini-Series to a close. If you've made it thus far - you are a true patriot! Over the last several weeks we've unpacked 4 of FICO's key factors. Today we unpack Types of Credit. Also know as Credit Mix. This last key ...

New Credit | The FICO Score Mini-Series

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New Credit Determines 10% of a FICO Score - Like the other 4 key factors, New Credit is all about risk management, and although 10% doesn't seem like a lot, it is! So what are you doing to help the New Credit factor? What are you doing to hurt it? One of the most harmful things a ...

Length of Credit History | The FICO Score Mini-Series

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Length of Credit History makes up 15% of a FICO Score – Welcome to the 4th post from The FICO Score Mini-Series. In this weeks post you will learn about a pretty important factor. So let's jump right in. Your Length of Credit History is only 15% of your FICO Score, right? Yes... but before I unpack "Length of Credit History" ...

Total Debt | The FICO Score Mini-Series

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Total Debt Determines 30% of a FICO Score – This is the third post of The FICO Score Mini-Series. If you read last week’s post you might remember that we unpacked the Payment History factor of your FICO Score. Also you may remember that Payment History determines 35% of your total FICO Score. Read it here >> Payment History | ...

Payment History | The FICO Score Mini-Series

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Payment History Determines 35% of a FICO Score - Welcome to our second post for The FICO Score Mini Series. Last week's post was the introduction to the Series and if you haven't already read it, I recommend you do that first. Read it here >> Getting Started | The FICO Score Mini-Series. In that post, I introduced Mary and shared her ...

Getting Started | The FICO Score Mini-Series

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Do you know your FICO score? And are you aware there are 5 key categories used to calculate your FICO Score? Over the next few weeks we'll unpack these key categories as I walk you through The FICO Score Mini-Series. Here's the thing, each key category equals a chunk of your credit score and the chunks are not created equal! ...

Money Tips From Your Grandpa

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Today we're going to learn several money tips - twenty to be exact. But before we begin I have a confession to make; this blog isn't a list of money tips from your Grandpa - sorry to disappoint. It's actually a list of money tips from students of Dave Ramsey's Financial Peace University. Put on your thinking ...

Want To Own Your Home, But Can’t?

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Want to be a homeowner but can't secure conventional mortgage financing? You and millions of other Americans!  There's good news for you! It's called rent to own, or (lease to own). This is leasing a home with an option to buy later. A lease purchase can make your rent money work for you instead of making ...

Got Debt? It’s All in Your Head!

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Debt isn't something that just happens accidentally as you go about your daily living. Actually there are spending habits that lead to debt. Recognizing these habits now will save you stress later. If you want to stop creating debt, but instead pay it. It starts with addressing these bad habits. This is some real Jedi mind stuff. 1. Spending more ...

Credit Union or Bank: Know the Difference?

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Credit Union or Bank: Know the Difference? Banks and credit unions offer virtually the same menu of products. In some cases, financial products at credit unions may have unfamiliar names — for instance, credit unions refer to savings accounts as “share accounts” and to customers as “members” — but at both institutions you’ll have a variety ...

Use Your Poor Credit Score To Get Auto Financing – Here’s How

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Did you know that approximately 31% of Americans have a poor credit score? You're not alone! VantageScore (one of the biggest credit scoring models used in the United States) says there are about 220 million "scoreable" people in the US and 68 million of them have bad or poor scores (lower than 601). Having a good credit score ...

Money After Marriage

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This morning I was sitting over a cup of coffee, scanning the internet for advice on finances after marriage. To my delight I came across a blog post by Dave Ramsey, a big name in the financial consulting world. You may of heard of him. He's big on money management!     In his Newlyweds blog post Ramsey ...

Wells Fargo Scheme

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Have banks learned nothing from the 2007 financial crisis they caused? I'll let you be the judge of that. Wells Fargo is in hot water with the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, and the City and County of Los Angeles. According to the City of Los Angeles, Wells Fargo has been sued for 3 things. "Bundling" "Bundling" requires a ...

Do You Dabble or Decide?

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If you've followed our blog here at Inversion Credit, you'd probably agree that we have provided some great content. It makes us happy to take what we know and help our customers succeed with their finances. However, one of the most challenging things is to see our valued customers not make the commitment to financial freedom, ...

4 Ways To Take Back Control Of Debt

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Like the title implies, today's topic is all about debt. But more then that, I'll be delivering 4 options for those of you with a debt dilemma. I'll be using Wells Fargo for our case study today because I like them. Let's start by understanding the options you have for debt relief. Wells Fargo offers 4 ...

Does Your HELOC Have You Headlocked?

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So you're curious about a HELOC? Perhaps you'd like some extra cash for home improvements? Or maybe you need to pay a few bills. For some homeowners, a HELOC (home equity line of credit) can be a low-interest option. Let's cut to the chase and answer the question that you came here for. How much equity can ...

Vacation On a Budget : How To Avoid Post Vacation Hangover

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May I offer you an aspirin? Unfortunately, a pill won't help the type of hangover I'm referring to. No - in today's blog post, we are talking about the sort of regret that comes when you get stuck with the bill after that summer vacation. If you've already finished your summer shenanigans then you're reading this a tad late. But stick ...

4 Spending Habits That Will Keep You Broke

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There are several bad spending habits that we as Americans quickly turn a blind eye to. In today's blog I'd like to take a second look. So here they are - The 4 spending habits that keep Americans broke. Lottery Tickets In 2014, lotteries took in $70.1 billion in sales in the 2014 fiscal year. Yes billion with "B". ...

Debt Consolidation – Yes or No?

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This week's topic is Debt Consolidation. But before we begin, I'll first make it clear that this blog will not be for or against Debt Consolidation. I'll be sharing two very opposite views and I'll be sticking to facts not opinion. Learn How Consolidating Debt Can Help You With a debt consolidation loan, a the lender gives ...

2 Types of Credit Repair (DIY vs. Pro)

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We've received a lot of questions this week asking us about our credit repair process. Many customers want to know, what will raise their score fast? We thought we'd answer this question for everyone right here. The thing is... a lot of people begin fixing their credit by… Trying to pay more toward their credit card balances ...

Learn 3 Things From People With High Credit Scores

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Having good or excellent credit scores is no accident. There are actually strategies to gaining high scores. Continue reading as I share with you what those strategies are. With anything in life, the best way to learn how to do something is to find someone already doing it and shadow them. There are 3  commonalities between ...

Credit Scores & Marriage (things to know before tying the knot)

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So maybe you've been recently married, or maybe you're planning on getting married and doing some initial research. You've come to the right place. Today's blog post is titled "Credit Scores & Marriage", and that is just what we will discuss. Your credit score is going to play a big part in many of your financial decisions ...

What is APR? (for credit cards)

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So you received a credit card offer in the mail? You quickly see "APR xx.x%".  Do you know what it means? Finding APR on your credit card offer APR stands for Annual Percentage Rate... but I know you didn't read this blog post just to hear that! What APR is Not: The biggest misconception about your credit card APR ...

Journey To Building Credit (for the first time)

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Are you trying to establish credit right now? Establishing credit for the first time can feel impossible at times. Could you use a few tips on getting started? Alright continue reading to begin your journey to building credit. Journey To Building Credit (for the first time) Let's say I have a friend - we'll call him Austin. So, ...

Living Within Your Means?

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Living within your means Think about this: Your quality of life is proportional to the quality of your budget. Don't believe me? Keep reading. As a nation, we love to shop, but sometimes that consumerism leads to debt and monthly financial struggles. One way to look at living within your means is measure if you have more month ...

77 MM Reasons To Study Debt Settlement

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We're all familiar with debt - yes? You've had moments you where afraid to answer an unknown number. Or that disturbing sentence "this is an attempt to collect a debt. Any information...." - Yeah you know the one. You're not alone. In fact, 77 Million Americans have an account in collections. That's 1 in 3! In today's post ...

Types of Credit | The FICO Score Mini-Series

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Types of Credit Determines 10% of a FICO Score - This week we bring our FICO Score Mini-Series to a close. If you've made it thus far - you are a true patriot! Over the last several weeks we've unpacked 4 of FICO's key factors. Today we unpack Types of Credit. Also know as Credit Mix. This last key ...

New Credit | The FICO Score Mini-Series

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New Credit Determines 10% of a FICO Score - Like the other 4 key factors, New Credit is all about risk management, and although 10% doesn't seem like a lot, it is! So what are you doing to help the New Credit factor? What are you doing to hurt it? One of the most harmful things a ...

Length of Credit History | The FICO Score Mini-Series

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Length of Credit History makes up 15% of a FICO Score – Welcome to the 4th post from The FICO Score Mini-Series. In this weeks post you will learn about a pretty important factor. So let's jump right in. Your Length of Credit History is only 15% of your FICO Score, right? Yes... but before I unpack "Length of Credit History" ...

Total Debt | The FICO Score Mini-Series

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Total Debt Determines 30% of a FICO Score – This is the third post of The FICO Score Mini-Series. If you read last week’s post you might remember that we unpacked the Payment History factor of your FICO Score. Also you may remember that Payment History determines 35% of your total FICO Score. Read it here >> Payment History | ...

Payment History | The FICO Score Mini-Series

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Payment History Determines 35% of a FICO Score - Welcome to our second post for The FICO Score Mini Series. Last week's post was the introduction to the Series and if you haven't already read it, I recommend you do that first. Read it here >> Getting Started | The FICO Score Mini-Series. In that post, I introduced Mary and shared her ...

Getting Started | The FICO Score Mini-Series

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Do you know your FICO score? And are you aware there are 5 key categories used to calculate your FICO Score? Over the next few weeks we'll unpack these key categories as I walk you through The FICO Score Mini-Series. Here's the thing, each key category equals a chunk of your credit score and the chunks are not created equal! ...

Get Your Kharma On

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95 Million! That's the number of renters in the United States. Why am I telling you this? Because chances are that you're one of them! If I'm right, then you will want to read this blog. If you're not a renter... then share it with one of your renter buddies. Ok, make yourself a hot cup ...

The One-Number Strategy

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This weeks blog features a video covering a well known budgeting strategy called The One-Number Strategy. The goal is to get your budget narrowed down to "one number" that you have left over after all your bills are paid. This "one number" will quickly show you if you are living within your means or if you ...

Putting Your Tax Refund to Work

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It's refund season and the majority of us are expecting a nice check from Uncle Sam. But before you begin earmarking your tax refund let's stop and consider a few things. Are you putting your tax refund to work, or will it burn a hole in your pocket? This weeks post covers a few money ...

The Dangers of Collections

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Collections... What comes to mind while reading that word? For some it means very little, but for others it might bring to mind difficult times in the past, or even poor decisions. In last weeks post The How-to Guide to Destroying Your Credit Score, we touched on the topic of collections. So this week we will ...

The How-To Guide To Destroying Your Credit Score

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The world of credit scores can get pretty ugly and everyone can use a little help when it comes to navigating their credit. The How To Guide To Destroying Your Credit Score is meant to lend perspective. The goal of this post is to show folks things they should avoid in their credit decisions. be intentional with your credit ...

Credit Q&A’s

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 Credit Q&A's Today we get to answer a few questions! There's a lot of chatter on the subject of credit. At Inversion Credit we take pride in providing accurate information to important questions. Credit education is the first step to financial freedom, and a sweet credit score. credit education #1. I hear checking my credit effects my ...

Update Your Score & Upgrade Your Life

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We are all familiar with upgrades aren't we? We upgrade our computers, our appliances and undergo bathroom upgrades. So how about a life upgrade? No this is not a Bruce Willis movie - even though "Surrogate" was awesome. We are talking about your wallet, and more specifically, being credit wise. Sound interesting? Read on. In today's post we will ...

Phone Interview

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This week we are doing something a little different. This has been an exceptional Month at Inversion Credit. We've had several of you complete our program <<---- we are super proud of this. By the way, a program completion means the Client had such great success in raising their credit scores that they me the goal they ...

The 4 Reasons People Dodge Credit Repair (and other mistakes)

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Let's face it - nobody likes a dodgy person. The sort of people that avoid things without first knowing the facts. Oh wait! I wasn't pointing the finger at you. no one is pointing the finger Let's spend a few minutes covering 4 popular reasons you ...I mean people... dodge Credit Repair. They Think It's Hopeless or They're ...

Can You Spell FICO?

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FICO - the topic of this weeks blog. Get comfortable and buckle up because I'll be doing some Q&A that will hopefully shed some light on this four-letter-acronym. F-I-CO, or Fair Isaac Corporation was established in 1989, originally started to evaluate Mortgage Loan risk and is now used by 90% of top lenders industry-wide. Sorry to burst ...

Credit Repair Agencies – The Whole Story

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We've all heard of the crooked car Mechanic haven't we? You know - the guy that says you've got a serious engine problem after bringing in your sweet ride for a routine oil change. We've all had our run-ins with scammers. So what about "credit repair agencies" - Scam or legitimate? This week we are putting the ...

FHA Mortgage Loans Debunked

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In today's Post we'll cover 3 FHA topics that have lots of folks confused. My goal is to debunked these topics and bring a little clarity. Let's begin -   #1. What is an FHA? And why so much chatter? FHA stands for Federal Housing Administration. FHA Mortgage Loans come from the same place any Mortgage Loan comes ...

Credit Score Hacks (that actually work)

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So, you've decided the time has come to buy your home. Exciting! Then you find out your Credit Score is too low to qualify for a Loan... A whole lot of us have been there and it's not fun. Having Inversion Credit dispute and remove items on your Credit Report is vital to a good Score. If you're ...

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