NUE Management Inc

09/24/2024

🚀 **Boost Your Credit Score by Adding Three Accounts** 🚀

A smart way to raise your credit score is by adding a mix of credit types. Here’s how opening these three account types can positively impact your credit:

# # # 1. **Revolving Account (Credit Card)**
- **Effect**: Credit cards help build a history of responsible credit use. They also improve your **credit utilization ratio**, which measures how much credit you're using compared to your limit. Aim for less than 30% utilization—under 10% is ideal.
- **Benefit**: On-time payments and low balances show you manage debt well, boosting your **payment history** and **credit utilization**, two of the biggest score factors.

# # # 2. **Line of Credit (Personal or Business)**
- **Effect**: A line of credit works similarly to a credit card but is generally less risky and used for bigger needs. It's a revolving account that adds flexibility without requiring full upfront borrowing.
- **Benefit**: This helps diversify your credit profile, improving your **credit mix**, which is about 10% of your score. Keeping low balances on this type of account helps too.

# # # 3. **Auto Loan (Installment Account)**
- **Effect**: Auto loans are installment accounts, meaning you repay a fixed amount monthly. This shows your ability to handle a repayment schedule.
- **Benefit**: Adding this type of loan creates a balance between revolving and installment accounts, boosting your **credit history** and on-time payment consistency.

# # # 🔑 **Key Benefits to Your Score**:
- **Credit Mix**: A balanced mix of revolving and installment accounts improves your overall score (up to 10%).
- **Payment History**: The most crucial factor—paying on time across all accounts is key.
- **Credit Utilization**: Low balances on revolving accounts like credit cards and lines of credit will give your score a boost.
- **Length of Credit History**: Opening new accounts may temporarily lower your average account age, but as you build positive history, this impact fades.

By adding these accounts and managing them wisely, you’ll see a **well-rounded boost** in your credit score! The biggest gains come from keeping utilization low and staying consistent with payments.

04/07/2024

Really good information. IF YOU DO NOTHING ELSE, put a beneficiary on all of your financial accounts like checking savings CDs, Life Insurance, investments etc. You don't need a will for them to get to your money, just a death certificate. And make a list, preferably by hand instead of your computer, either give it to your trusted person, spouse or put it in your security box at the bank. If the person doesn't know you have a savings account or a CD at XYZ Bank, they can never go get the money. Make sure you have a trusted person that is a signer on the security box at the bank.

🗣 IMPORTANT information to get your affairs in order‼️

💰Make sure all bank accounts have direct beneficiaries. The beneficiary need only go to the bank with your death certificate and an ID of their own.

🏡 TOD = Transfer On Death deed if you own a home. Completing this document and filing it with your county saves your heirs THOUSANDS. This document allows you to transfer ownership of your home to your designee. All they need to do is take their ID and your death certificate to the county building and the deed is signed over. Doing this will avoid the home having to go through probate.

👨‍👩‍👧‍👦Living Will: Allows one to put in writing exactly what you want done in the event you cannot speak for yourself when it comes to healthcare decisions as well as other final decisions.

👩🏽‍⚖️Durable Power of Attorney: Allows one to designate a person to make legal decisions if you are no longer competent to do so.

🏥Power of Attorney for Healthcare: This document allows one to designate someone to make healthcare decisions for them.

🛍Last Will and Testament: Designates to whom personal belongings will go to, who the Administrator will be. But if you have a beneficiary on any of your financial accounts, that will override a will. For instance if you say I leave all of my possessions to my daughter Susie, but on your savings account the beneficiary is your best friend, then the money goes to your best friend

🪦Funeral Planning Declaration: Allows one to say exactly one’s wishes as far as disposition of the body and the services.

If the above documents are done, you can AVOID probate.

If all the above is not done, you have to open an estate account at the bank. All money that doesn’t have direct beneficiaries goes into this account. You have to have an attorney to open the estate account. The attorney also has to publicize your passing in the newspaper or post publication at the county courthouse, to allow anyone to make a claim on your property. - It’s a complete PAIN.

📚 💳Make a list of all banks and account numbers, all investment institutions with account numbers, lists of credit cards, utility accounts, etc. Leave clear instructions as to how and when these things are paid.

Make sure heirs know where life insurance policies are located. 📂

📝Make 100% sure SOMEONE knows your Apple ID, bank ID account logins and passwords!

🚗 Make sure you have titles for all vehicles, campers, etc!

Set up a TRUST for intended beneficiaries, especially those that are too young, and appoint a trustee of said trust.

MOST IMPORTANTLY!!!! - Talk with those closest to you and make all your wishes KNOWN. Talk to those whom you’ve designated, as well as those close to you whom you did not designate. - Do this to explain why your decisions were made and to avoid any lingering questions or hurt feelings.

⚡️Hope this helps! ⚡️Hope this lights a spark to encourage all your friends and family to take care of these things to make it easier for those we all leave behind!

My hope is that the above list at least helps you start an important conversation with your loved ones...

(REPOST-I DID) and it’s a very necessary conversation

04/20/2023

Whenever WE THE PEOPLE begin growing …. This is what our Government will do to regain THEIR CONTROL..,,

04/20/2023

The Fair Debt Collection Practices Act (FDCPA), specifically USC 1692b, pertains to the communication practices of debt collectors. It outlines the legal requirements that collectors must adhere to when seeking payment on a debt, including what they can and cannot say or do in their communications with debtors.

To apply USC 1692b to your credit repair dispute, you will need to determine whether the organization handling your account is a debt collector or creditor. If they are a debt collector, they are legally required to follow the guidelines outlined in the FDCPA.

You can use USC 1692b as a basis for disputing any communication practices that you feel are in violation of the FDCPA. For example, if a debt collector is contacting you at inconvenient times, using abusive language, or harassing you with repeated phone calls, you can cite USC 1692b as evidence that their behavior is illegal and unacceptable.

When disputing your credit report, it's important to provide specific details about the issue you're disputing and provide evidence to support your claim. If you believe that a debt collector is violating the FDCPA, you can file a complaint with the Consumer Financial Protection Bureau (CFPB) or consult with a consumer protection attorney for assistance.

06/16/2022

Bank not following the law? Good practice is to file and OCC complaint. You can do it electronically but I prefer to do it by hand because I always have so many exhibits. Just make sure that the OCC is over the specific bank you’re having an issue with. You can call them to find out. To get this form or file a complaint just google “OCC Complaint form”.

Topic page for Dispute Resolution: Consumer Complaints.

04/07/2021

Never underestimate the power of dreams and the influence of the human spirit. We are all the same in this notion: The potential for greatness lives within each of us.

Wilma Rudolph

03/08/2021

"The date of last activity (DOLA) can be any transaction on an account, the last payment made on the account, the date the account was transferred or sold to a collection agency, the date an account was charged-off or even the date the account was updated after a dispute was investigated."

~CreditMashup.com~

The date of last activity is a common term you see often if you are engaged in credit repair, learn the correct definition of this confusing term.

10/25/2020

Would you like to begin a Business but funds are limited Start with these Steps and as your funds Grow Add A Virtual Address for Corporate Presence (Good Luck):

Get an LLC (limited liability company) come up with a name for company

•Open a business bank account with your bank. Attach it to that LLC

•Choose a room inside of your home as an office.

*A brick and mortar business (like McDonald’s) receives tax deductions on the expenses for the building they occupy SO WHY NOT USE YOUR HOME AS A HOME BASED BUSINESS*

•KEEP RECORD OF EVERYTHING (income + expenses)

-A PORTION of Your bills you pay ANYWAY will become tax deductible, depending on what size of the room you use as an office.

CONSULT WITH YOUR CPA

CONSULT WITH YOUR CPA

CONSULT WITH YOUR CPA

Example:

The living room is your office.

It makes up 30% of your entire home.

Your mortgage/rent is $1000.

30% of that $1000 = $300.

$300 x 12 (months) = $3,600

$3,600 will be deducted from your taxable income when you file taxes

Include: electric bill, water bill, cable/internet, cellphone, mortgage (the interest), car maintenance, miles driven in that car, materials for your business, advertising, etc

CONSULT WITH YOUR CPA

CONSULT WITH YOUR CPA

CONSULT WITH YOUR CPA

10/17/2019

This is what $100 is worth

10/14/2019

Let us help you with your credit so you can handle your business! N.U.E. SOLUTIONS

07/15/2019