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Ways to Build Credit Fast

Credit Planned – A pioneer in credit repair, personal and business credit building, and funding solutions. Ways to Build Credit Fast People need to acquire good credit required to get better financial products, may it be loans for a new gadget, credit cards, mortgage or new business opportunities. It is the way to determine your financial reputation and whether you are good at managing finances or not. Building good credit won’t happen overnight, but there are ways on how someone can do it.  We are about to tell you how you can build or rebuild your own credit fast.    A Review on Credit Scores For a quick review, a credit score is a numerical value used to determine a person’s capacity to manage debt. Credit scores range from 300-800 and the higher the number is, the better the chances of getting a loan. A score of 800 and greater is considered excellent based on the FICO Score Range which most credit companies use.  Excellent: 800 to 850 Very Good: 740 to 799 Good: 670 t
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Lifetime Learning Credit: Things You Need to Know and See if You Qualify

Credit Planned – A pioneer in credit repair, personal and business credit building, and funding solutions. Lifetime Learning Credit: Things You Need to Know and See if You Qualify If you are a student, a parent with school-aged children, you probably heard about the term “ Lifetime Learning Credit .” What exactly is Lifetime Learning Credit ? Do you qualify for this? What are the benefits of it? These are the questions we are about to answer as we talk about there is to know about Lifetime Learning Credit.    What is Lifetime Learning Credit?  Lifetime Learning Credit (LLC) as defined by benefits.gov , “is a tax credit used to offset the cost of tuition and related expenses.” This covers eligible students to pay for undergraduate, graduate and professional degree courses and those courses taken to get or improve job skills. LLC is a non-refundable tax credit which means it can only reduce a person's tax liability to zero. No part can be issued as a refund and there are also
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Facts About Payment Plans

Credit Planned – A pioneer in credit repair, personal and business credit building, and funding solutions. Facts About Payment Plans You finally got a loan approved for that big thing you are eyeing to buy or something to invest in. The next thing you need to know is how to repay it, but how? Your creditor must be saying about a “payment plan” but how does it really work? If you’re a first-time borrower or not, it’s good to know how payment plans work. We are here to tell you everything there is to know about it as we debunk the term, “payment plan.”    What is a Payment Plan?  A payment plan (also known as an installment plan) is exactly what it sounds like: it is defined as “an organized schedule on how to repay outstanding debts.”  Payment plans can be applied to a wide range of industries or credit products that involve real estate, auto, college tuition and others. Credit companies apply payment plans to help creditors pay debts based on their current capacity. Payment pla
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Facts About Credit Repair Explained - Should You Pay A Company For Help?

Credit Planned – A pioneer in credit repair, personal and business credit building, and funding solutions. Facts About Credit Repair Explained - Should You Pay A Company For Help? In today’s modern world, it is difficult to move around with bad credit . People with high credit scores can enjoy the perks of faster loan approval, lower interest rates, and more varied credit types. For those with low credit scores, getting approved for a certain loan can be pretty tough.  Getting help from a credit repair service might be an option, but is it worth it to do so?  As of 2021, there are about 69,000 credit repair companies in the United States according to IBISWorld . With all of these companies, which ones should you really trust? We have laid out some facts and good practices of credit repair services to help you decide which ones to choose.   Know the Basics of Credit Repair  First things first, it is a must to know about how the credit system works. It’s like buying a car, you
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Earned Income Credit: Know the Basics and Learn If You Qualify

Credit Planned – A pioneer in credit repair, personal and business credit building, and funding solutions. Earned Income Credit: Know the Basics and Learn If You Qualify You may have heard about Earned Income Credit before, and there may be questions circling around your mind right now. What exactly is earned income credit ? Do I qualify for it? How I do claim one? We have compiled answers to these questions as we provide you with Earned Income Credit crash s heet.    What is Earned Income Credit?  Earned Income Credit also known as Earned Income Tax Credit (EIC or EITC) is a refundable tax credit for workers with low to moderate-income. It is also coined as a “work bonus plan” to supplement the said workers. This year 2021, the earned income credit ranges from $1,502 to $6,728. The amount someone can receive depends on income, tax filing status, and the number of children.  We all know that 2020 has been tough due to the COVID-19 pandemic and taxpayers reported lower income co
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Credit Unions vs. Banks: Which One is Better?

Credit Planned – A pioneer in credit repair, personal and business credit building, and funding solutions. Credit Unions vs. Banks: Which One is Better? You finally earned enough money, and you’re wondering where you should put it: to the bank or the credit union . Both banks and credit unions offer perks and benefits to customers, but they also have differences one should consider. While they’re equally safe and secured, there are pros and cons unique to each one. Here we identify the key differences between credit unions and banks in terms of rates, convenience, and products and services provided. Banks: An Overview Banks are owned by corporations and investors, and they exist for one goal: to profit. According to Statista, there were 4,519 FDIC-insured commercial banks in the United States as of 2019. Anyone can open an account in a bank granting they have good banking history. These consumers may be individuals or organizations and both share the same benefits. Banks: Pros
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Charge Card Vs Business Charge Card: The Major Differences

Credit Planned – A pioneer in credit repair, personal and business credit building, and funding solutions. Charge Card Vs Business Charge Card: The Major Differences Charge cards and business charge cards serve the same function: they both allow you to spend on something and offer the convenience of paying later. They both come in handy especially when you’re a business owner or a freelancer serving clients. These cards can also offer rewards and get interests over time.  Although they sound the same, there are major differences between the two. Here are some key differences someone should consider. We’re here to help you which one you should choose based on your needs. Credit Limit and Spending Power Business charge cards generally give a higher credit limit which gives business owners more freedom on ways they spend for their business. The credit limit amount is based on your capacity to pay, payment history and credit record.  While these cards offer higher credit limits, s
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