Tag Archives: credit report

May 2017 Podcast Video, Financial Planning Tax Review and Earnings Update- By John Kvale

The School years are finally finishing up…

Summer is beginning across the country…

While moving slower, business is still going on…. let’s review!

But First our 22cnd Annual Holiday Party Announcement!

November 18, 2017 at The Dallas Texas Arboretum from 1-3 PM – Food and Fun – Enjoy the park until 5 pm!

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Here is the review!

May 2017 Video

 

Financial Planning Tip(s)-

Credit Reportcredit-40673__340

With today’s technology, it’s no surprise more data is being used by everyone from our Mortgage companies to our Insurance carriers to set rates charged to us.

Given the comprehensive use of our data it has become even more important to guard our credit reports.

In our post here, we discuss the importance of watching our credit and how to check your credit report as well as getting a copy of your report, along with ways to dispute difficiences as well.

Sharing your financial life without giving up control

In this post, one of the most popular of the month, we discussed the ability to give access to your financial life, but not control, to someone.

Our job is of course to always know where everything is located and help carry the spirit of your wishes, but the sharing option of our New Total Vault may be an easier introduction to the subject matter, should you desire to bring it up on your own.

You may even want to have a subtle suggestion for the access to a special person in your life …. we have you covered with our New Total Vault.

Capital Market Comments

Employment Update

With over two thirds of our GDP (Gross Domestic Production) aka broad measure of our economic growth, being consumer related consumption, an employed and happy consumer may likely lead to better growth prospects for the US Economy. Here is the full review!

The consumer is certainly employed, as shown by this chart of the falling unemployment rate!

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Hello Swimming Pool, talk to you at the end of June !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com,

Why you need to know your Credit Score and where to get your Annual Free Credit Report

Knowing your credit score and your credit report has become increasingly important. With updates in technology and increases of consumer related fraud, we all need to keep an eye on our credit and our credit score for protection.

Why Do I need to Know or protect my score?credit-40673__340

While you may not owe anyone, anything i.e. have a loan with anyone … well done by the way….. A bad credit score can still affect items such as your automobile and your homeowners premiums… no kidding (see this  Forbes article.) We cannot blame them, there is data to check and it is their responsibility and ability to review it.

Bottom line a bad credit score or report may be costing you more money.

Where do I check my score?

As a pro-bono author for credit.com I created my own personal free account before agreeing to author a few finance related articles for them. Their service is free, handy, and delivers a monthly update of your credit score along with reasons on why it has changed, which it does frequently, as well as tips on keeping it in check.

There are multiple services such as banks, credit cards, and other financial institutions that show your credit score on a monthly basis, several of which I also receive. From my personal experience, the credit.com score aligns better with the most common score similar to getting a mortgage. The other institutions credit score is frequently far from the 300-850 FICO score most known.

How do I get a copy of my credit report?

After you get your score, you may want to get a detailed copy of your credit report. Go to www.annualcreditreport.com, which is a free service offered for your own protection by the three agencies. There are tons of sites out there that are not free and try to seduce you into paying an unnecessary monthly fee, this site has been checked and is safe.

You may request all three services or just use one and keep the other two available at a later time. This may be handy as you only get one free report per agency per year. If you stagger the reports you can inquire at different times, keep later dates open for inquiry.

If your report is good, there is likely no reason to get more than one agency report.  If your report has deficiencies you may protest from the site as it is reported.

Taking time to review your credit and credit score is easy and may save you angst and money!

Have a great “Safe Credit” day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
http://www.jkfinancialinc.com
http://www.street-cents.com