- Charlotte, NC
Wanda Strickfaden's Social Stream
Wanda Strickfaden works with Improve Credit Consulting Firm in Charlotte NC as the head of operations. She handles all compliance regulations, supervises staff and ensure customer quality care. Wanda Strickfaden handles million dollar clients who needs are specialized. Confidential information is her highest goal with the outlook of closing more real estate transactions. Wanda Strickfaden is an award winning radio host and has appeared on numerious televisoin programs to discuss financial advice to the public. Wanda Strickfaden is a big advocate of the FTC and its guidelines to protect the public from Lawyer scams still in operation today. Wanda Strickfaden continues to write books her latest is called Credit Repair: Real Answers to your Credit Problems.
Money Fix: Improving your credit score
Originally published: July 16, 2013 8:33 PM
Updated: July 21, 2013 7:33 PM
By SHERYL NANCE-NASH. Special to Newsday
You see the ads on late-night television promising to fix your credit, “guaranteed.” Don’t bother. They can’t do anything that you can’t do yourself, and if they’re not a reputable company, they could do more harm than good.
Here’s how to DIY.
1. Understand credit scoring. Once you know what metrics matter, you can build a step-by-step plan for restoring your credit, says Wanda Strickfaden, author of “Credit Repair: Real Answers to Your Credit Problems.” Find out what makes a credit score at bit.ly/191JwxC.
2. Pay bills on time. To avoid paying late, automate your payments, or sign up for email or text alerts through your bank to notify you when payment is due, says Linda Descano, president and CEO of Women & Co., a service of Citibank.
3. Less is more. Limit the number of credit lines you have open and use them sparingly. “If you have $1,000 available to you, never carry more than $300 in credit use,” says David Flores, a credit counselor for GreenPath Debt Solutions in Jericho. Or go further still: “Cut up your credit cards, use cash only,” says Adelphi University business school professor Rakesh Gupta.
4. Monitor your credit report. At least once a year, check your report at annualcreditreport.com. Be sure there are no errors. Write a letter to the credit reporting agencies to inform them of any mistakes.
5. Stop the madness. Says Strickfaden, “Develop a plan for paying down your debt. Create a budget to keep on track. The less you owe and the more you make regular, on-time payments, the better your score.”