review

New to the Live Richer Challenge: Credit Edition? Learn more about it HERE.

 

Week 3: Credit Maintenance

Today’s Easy Financial Task: Review, Reflect, Relax

How to rock this task:

  •     Review this week’s Live Richer Challenge: Credit Edition tasks
  •     Reflect on the credit maintenance tasks
  •     Relax. Tomorrow we have our final weekly recap video

 

Hey, hey, we’ve made it to the end of the third week of the Live Richer Challenge: Credit Edition! Take this day to review, reflect, and relax.

 

Yes! I just completed Week 3, Credit Maintenance of the #Liverichercredit Click To Tweet

Share what you’ve learned so far and how you feel about the process with me in the comments below vs. emailing me.

Today is also a great day to check in on your accountability partner(s). Do they need help with a task? Do they need some encouragement? Do you both need to catch up on past tasks? Each task day is at the top of this post.

Remember…..

You can make excuses or make moves. Not both. - #Liverichercredit Click To Tweet

I’d love to hear from you.

You can reach out to me here:

Twitter: @thebudgetnista

Instagram: @thebudgetnista

Facebook: The Budgetnista

Private Forum: Dream Catchers : LIVE RICHER


 

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Want to work through the Live Richer Challenge: Credit Edition in a workbook? It’s part of a bestselling series and has already hit #1 on Amazon! Get your copy below.

 

My Lisa Rule: I have 4 sisters and Lisa is the baby (well she’s not a baby anymore). Of all of my sisters, I’m the most protective over her. Before I share any product or service with you, it must pass my Lisa Rule.

What’s the Lisa Rule? If I would not advise Lisa to use a product or service, I won’t advise you to either. YOU are my Lisas. I feel protective over you and your financial journey.

The products and services I recommend pass my Lisa Rule. Yes, I may be an affiliate and earn a commission off of referrals, but I would not recommend a product or service that I didn’t believe was helpful and useful.

The Challenge is sponsored by

  • Cherise Montague

    This has been a great challenge! I thought I knew alot about cleaning up credit, but there were some new learnings that will definitely help! Thank you!

    • Seva_B

      Same for me too Cherise. I am an accountant who loves to read about anything to do with money, debt, managing finances, etc. I am an amateur who teaches financial principles at my church, but I learned some new things with this challenge.

  • Jackie

    Hi Tiffany,
    I am working through each step in the process but my credit score is so low that I can’t take advantage of most of the offers. My biggest issue is that paid down a store credit card and they lowered my available credit which affected my score. The decision to lower my line of credit was based on past due payments on other credit cards. Is there anything I can do about this?

    • Seva_B

      I would call them and follow up with a letter detailing whatever situation caused you to miss payment on those other cards and that you are in a better position now having paid down their card. If you haven’t used it since, that would be even better so you can tell them, you haven’t used the card since paying it down because you are cleaning up your bills. Good luck!

      My credit card company lowered my available credit after I had to walk away from my house and stopped paying the mortgage. They took me from $12,000 to $4,600. At the time the balance on my card was $4,300 so that REALLY hurt my score. I sent them a letter explaining that I went through a divorce and that I was current on everything else and asked that they increase my limit. After I sent them the letter, they took me back to $7,700. After several months, they took me to $10,700. It helped that I was with them for over 10 years and was never late.

  • Yari

    Hi Tiffany! I really enjoyed the scripts that you included when talking to your family about credit! Also, I was wondering if the fico score that you get on the scorecard is the same fico score used when applying for a mortgage? I use credit karma and that score is way off what mortgage companies look for.

  • Lisa Andrews

    From this week challenge I learned that if I am a cosigner and the account is in god standing I can look into being removed. Also knowing when is a good time to apply for a credit card, soft and hard inquiry, and different ways to monitor and or freeze my credit and bank accounts.