Special: Get a Fresh Face for the Holidays

Get your party face on! Special until December 31! Choice of 3 different peels for $45 (over 50% off regular price of $100)

1- Blueberry Lactic Peel: A very gentle peel providing brightening & lightening of damage done by the sun and elements. Can be repeated every 2 weeks.

2- Pumpkin Enzyme Peel: Resuces surface build-up and is an amazing antioxidant. This exfoliating peel leaves the skin with a smooth, polished feel. Great for all skin types.

3- Fruit Enzyme Peel: the most aggressive of the three, this peel is a great anti-aging procedure. Incredibly rich in antioxidants, aids in exfoliation of the top layer of skin and fights against free radicals while building healthy tissue. 

Shelley is an advanced skin care therapist, and can help you decide which one is right for your skin type at your appointment if you are not sure. Visit her website

Shelley Sharp Skincare
2000 Plymouth Rd #230
Minnetonka, Mn 55305
612-805-9213

Payment History Tips

Pay your bills on time.
Delinquent payments and collections can have a major negative impact on your FICO score.

• If you have missed payments, get current and stay current.
  The longer you pay your bills on time, the better your credit score.
• Be aware that paying off a collection account will not remove it from your credit report.
  It will stay on your report for seven years.
• If you are having trouble making ends meet, contact your creditors or see a legitimate credit counselor.
  This won’t improve your credit score immediately, but if you can begin to manage your credit and pay on time, your score will get better over time.

*www.myfico.com

FICO- Amounts Owed

Keep balances low on credit cards and other “revolving credit”.
High outstanding debt can affect a credit score.

Pay off debt rather than moving it around.
The most effective way to improve your credit score in this area is by paying down your revolving credit. In fact, owing the same amount but having fewer open accounts may lower your score.

Don’t close unused credit cards as a short-term strategy to raise your score.

Don’t open a number of new credit cards that you don’t need, just to increase your available credit.
This approach could backfire and actually lower your credit score.

*www.myfico.com

Types of Credit Use Tips

Apply for and open new credit accounts only as needed.
Don’t open accounts just to have a better credit mix – it probably won’t raise your credit score.

• Have credit cards – but manage them responsibly.
  In general, having credit cards and installment loans (and paying timely payments) will raise your credit score. Someone with no credit cards, for example, tends to be higher risk than someone who has managed credit cards responsibly.
• Note that closing an account doesn’t make it go away.
  A closed account will still show up on your credit report, and may be considered by the score

*www.myfico.com

What is NOT in your FICO score

FICO scores consider a wide range of information on your credit report. However, they do not consider:

• Your race, color, religion, national origin, sex and marital status.
  US law prohibits credit scoring from considering these facts, as well as any receipt of public assistance, or the exercise of any consumer right under the Consumer Credit Protection Act.
• Your age.
  Other types of scores may consider your age, but FICO scores don’t.
• Your salary, occupation, title, employer, date employed or employment history.
  Lenders may consider this information, however, as may other types of scores.
• Where you live.
• Any interest rate being charged on a particular credit card or other account.
• Any items reported as child/family support obligations or rental agreements.
• Certain types of inquiries (requests for your credit report).
  The score does not count “consumer-initiated” inquiries – requests you have made for your credit report, in order to check it. It also does not count “promotional inquiries” – requests made by lenders in order to make you a “pre-approved” credit offer – or “administrative inquiries” – requests made by lenders to review your account with them. Requests that are marked as coming from employers are not counted either.
• Any information not found in your credit report.
• Any information that is not proven to be predictive of future credit performance.
• Whether or not you are participating in a credit counseling of any kind.

* this is from myfico.com

Your rights on debt collection

The Fair Debt Collection Practices Act (FDCPA) applies to personal, family, and household debts. This includes money owed for the purchase of a car, for medical care, or for charge accounts. The FDCPA prohibits debt collectors from engaging in unfair, deceptive, or abusive practices while collecting these debts.

Your rights under the Fair Debt Collection Practices Act:

• Debt collectors may contact you only between 8 a.m. and 9 p.m.
• Debt collectors may not contact you at work if they know your employer disapproves.
• Debt collectors may not harass, oppress, or abuse you.
• Debt collectors may not lie when collecting debts, such as falsely implying that you have committed a crime.
• Debt collectors must identify themselves to you on the phone.
• Debt collectors must stop contacting you if you ask them to in writing
• this is from * www.myfico.com

How long are BAD things on my credit report

It depends on the type of negative information. Here’s the basic breakdown of how long different types of negative information will remain on your credit report:

• Late payments: 7 years
• Bankruptcies: 7 years for completed Chapter 13 bankruptcies and 10 years for Chapter 7 bankruptcies.
• Foreclosures: 7 years
• Collections: Generally, about 7 years, depending on the age of the debt being collected.
• Public Record: Generally 7 years, although unpaid tax liens can remain indefinitely.

Quick FICO Facts

The average person’s credit history is 14 years old.

The highest amount a credit FICO score can be is 830

 The average FICO credit score in the US is 692