MEA Credit Repair and Tax Service

What Happens When You Close a Credit Card When you close a credit card, it doesn’t fall off your credit report right away . If you're still making monthly payments on a credit card balance, your payment history will continue to be updated each month until the balance is paid off and the credit card issuer stops sending monthly updates for that account. Any payments late by 30 days or more will be updated on your credit report and included in your credit score . Once the account is paid off, it still doesn’t fall off your credit report. Instead, your credit report will be updated to show a zero balance for the account. The account status for a closed credit card will be reported as closed, even when you're still making payments on the balance. The status may indicate that the account was closed by you, the cardholder, or the credit card issuer, depending on which of you closed the account. A closed account will have the same impact ​on yo

Let us help you with all your credit repair needs and tax preparations this year!! Credit Repair:  December 2018: Startup $30.00      $69.99 Monthly January 2019:    Startup $40.00      $89.99 Monthly  Tax Services: Starting at $199.99. We are also offering up to $6000 advances for all qualifing clients.   Referral Program in full effect this year. $20.00 for every qualifying candidate you refer. They must provide me with your name and phone number in order to receive the referral $$$$$.    

What Is Credit? The concept of credit is nothing new and one that most people have used is some form or another. So, what exactly is credit? Credit is receiving something of value now with the promise to pay for it later. Here’s an example. As a kid, suppose you were in a store and saw something really great that you wanted - a shirt, new shoes, candy - but you didn’t have enough money to buy it. So, what did you do? You begged your parents to buy it and take the money from your next allowance. That’s credit! Or, while at a restaurant you realize you forgot your wallet. Your friend pays for your meal and you pay her back when you find your wallet. That’s credit, too! If you pay back these friendly loans, you build trust with your parents, friends, or whomever else lends you money. This trust helps to build your reputation and increase your chances of borrowing more in the future. This is the same concept that financial institutions, such as banks, use

Common errors in credit reports Certain errors are more likely to pop up in credit reports. The Consumer Financial Protection Bureau warns consumers to look for: Errors made in your personal information, including reports that list your name incorrectly or contain an incorrect address or phone number. Closed credit card accounts that are still listed as open. Credit card or installment loan payments reported as late, even if you paid them on time. Debt that is listed on your report more than once, possibly with different names for each listing. Reports might say you owe more on your credit cards than you actually do. Reports might list credit limits on your accounts that are too low. If you spot any of these errors, make sure to correct them. All of them could impact your credit score.

Old Rule The current child tax credit is $1,000 per child under the age of 17. The credit is reduced by $50 for each $1,000 a taxpayer earns over certain thresholds. The phase-out thresholds start at a modified adjusted gross income (AGI) over $75,000 for single individuals and heads of household, $110,000 for married couples filing jointly and $55,000 for married couples filing separately.   NEW RULE The child tax credit doubles to $2,000 per qualifying child. Up to $1,400 of the child tax credit can be received as refundable credit (meaning it can go toward a tax refund). The new rule also includes a $500 nonrefundable credit per dependent other than a qualifying child. The credit begins to phase out at an AGI over $200,000 — for married couples, the phase-out starts at an AGI over $400,000. This rule is in effect through 2025.

 We are also offering up to $6000 advances starting January 1, 2019 on Tax Service. YOU MUST HAVE YOUR W-2 in orders to qualify.    Are you ready for a good special? MEA Credit and Tax Service is offering $30.00 startup fee and $69.99 monthly on credit repair !!!!