There's Nothing More American Than Wanting to Lose Weight And Fix Your Credit

in LeoFinance3 months ago

I guess there's baseball and burger's and apple pie.

Then there's the whole getting mad at football (the concussion giving kind) players for kneeling before the flag, but being ok with people who have American Flag Underwear or Flip Flops...

When losing weight, things are pretty straight forward

You start taking in less calories, and you begin using more calories.

Sometimes, you find that there are other factors, people from other countries complain that American food is too fatty and processed, and mass produced, and that they gained weight when moving to the US.

But, at the end of the day, if you cut your calories, and start using your body more, you will lose weight.

If only it were that simple with Fixing Your Credit

One would think that if you made all payments, on all bills, on time, then your score would be high.

Unfortunately, that is not true.

The "secret formulas" (this is not a conspiracy theory, the credit bureaus don't tell you how they come up with your credit score, because they don't want you gaming the system) that the credit bureaus use, keep people confused.

Here are some things I have learned can mess up your credit:

  • Moving too many times

  • Applying for too many credit cards

  • Not having enough credit lines open

  • Closing credit accounts

  • Getting Married

Moving too much makes you unstable. Applying for too many credit cards raises red flags. Not having enough credit lines means you don't show enough history. Closing credit accounts messes with your percentage of credit available:amount of money owed ratio. And, getting Married sometimes merges your bad credit with your spouses (but not always).

There are three major credit bureaus in the US TransUnion, Experian, and Equifax and all of them report slightly differently.

I've been annoyed by the credit systems for a long time, but that hasn't gotten me anywhere

Which is why I signed up for a Udemy class on fixing credit. Someone who has been working on making people's credit for 25 years is teaching people his "secrets."

The class cost 12.99USD on a Cyber Monday Sale, apparently I "saved" $175 USD by buying it on sale.

Perhaps I can finally learn how to fix credit beyond: start paying your bills on time.

The Basics of Credit.jpg

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Some people just get unlucky and need to apply for things so they can afford to live and what not.
My credit score should be good, I mean I opened up a Zippay account for buying things and not having to pay up front, which I was given the max $1000 for use and I just keep paying some off when I can but buying more things and paying it off.

So it might help it out by showing I can afford to pay things off on this credit line.

Hopefully you can work out how to fix your credit score and it will help you out, to learn through that course! At least we have LEO, HIVE and other things to help with money when we need it 😀

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If you have 1000USD credit limit and you use 990USD then I would venture to say your credit is not stellar.

You want to owe 25% or less of your credit limit in order to be in "good" standing.

Some people also like to pay the bill in full at the end of the month - tbis does not help you build credit. It doesn't harm, but it doesn't help.

Getting married?! Wow!! I didn't see that coming!!

Here's to you learning and fixing all the things you want to
And hope the fam and you are well <33

Thank you <3

That is interesting. We don't have that problem as in my country one can never have as much credit as in the US.

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Here in the US, you can finance almost anything.

Need a new outfit for the weekend and don't have the cash? There's a credit card for that.

Even if you are not frivolous with your credit, you still need it to buy a home or even rent an apartment.

Part of the problem of getting too much credit is that it is readily available everywhere. In fact, every time I pay for an online purchase, I am offered a credit saying "buy now, pay six months from now" or something similar.

In my country credits are not given so easily. There are payment delays as you say, like buy now and pay four or six months from now but not very often.
If you need a larger credit, you have to go through a lot of trouble to get it and you may not in the end.
It's a different culture, different financial situation.
With this crisis it's going to get even worse. Many are not going to be able to pay back what they owe and then things get ugly.

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!ASH I agree with you, the situation is deplorable. All hope for coins, for the new digital economy.


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Things don't get too ugly here if you can't pay back your loans.

Declaring bankruptcy is not uncommon, unheard of, or too detrimental to your future.

Lol an overextended wallet and gut seems to be the struggle of many, cheap money and cheap food is an easy way to get sucked into bad habits that are heard to break

!ASH Cheap money is the way to nowhere. This is why I choose electronic money with a limited issue.


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Yes, it is a real struggle.

It is sad to sometimes see overweight, and undernourished kids.

Must be crazy, we do have some obesity here, South Africans are or rather middle class ones are for sure getting fatter, but it looks like after this year we're all going to be on diets like it or not

Without that knowledge, you may not be able to save in nearest future so it's just perfect as you did learn how to. Maybe you can teach me too

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I will be blogging about it.

It sounds like your creditscore is very important in US?
If I have bad creditscore here I can Only take paydayloans If I need loan - But as Long as I dont need loan it not effekt me at all. Does it effekt your life more than loansituation?

In the US most of our "large" purchases are financed.

Houses, cars, schooling,etc.

Your credit affects your housing if you want to buy a house and also if you want to rent a house. Those with good credit get lower interest rates on homes and have to give smaller deposits in rentals.

For a large percentage of the US, a credit score is very important, it can even affect the job you get.

So yes, credit and credit score affects your life.

oh - sounds like a financial trap in some way

It sure is.

There is temptation everywhere.

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In my part of the world, we don't really use the credit card that much, neither in that manner but I get your point.
It all boils down to spending and doing it wisely and judiciously

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Sometimes. Here if you are very smart with your money and don't use credit, it can affect you in the future.

It is nearly impossible to find a place to live without using the credit system. Spending wisely and not using credit can lead you to needing a co-signer in the future.

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