Welcome Everyone

Welcome, everyone!!!! I'm Miranda the founder /owner of MEA Credit Repair and Tax Service. My company was founded in October 2017 and we have been changing lives and providing 2nd chances for many! Although we have a successful credit repair company we also offer an affordable tax preparation and while. This blog will provide great information for both credit repair and tax preparation/e-file. Please feel free to ask questions and I will try to respond in a timely manner!!! It's great to meet all of you and feel free to tell me a little about yourself ns why you joined the blog.


Miranda

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Credit utilization

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Credit utilization  is one of the most important factors in determining your credit scores; in fact, it accounts for 30% of your credit score.  It’s something you can control and something that can be improved upon immediately, which makes it a great place to start.  So what is credit utilization? It’s the amount of debt you have relative to your credit limits. It’s best to keep your credit utilization ratio below 30%. This shows creditors that you can manage your available credit responsibly.  You don’t want to have your balances maxed out. For example, if you have a total credit limit of $10,000 and your balance is $3,000, you would be utilizing 30% of your available credit. The lower your credit utilization ratio, the better. There are two ways you can help your credit utilization. First, paying down balances is something that can have an immediate positive effect on your credit report.  Even just diverting a small amount each month can help out, e...
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Tax Withholdings

https://apps.irs.gov/app/withholdingcalculator/index.jsp  Enter your information correctly into the link above to make sure your withholdings is correct!!! Get your money during the year while you need it, instead of at the end of the year!!!! You shouldn't have to struggle all year!!!!
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Charge off’s

Charge Offs Charged off accounts  or accounts that were sent to collections may be reported for up to 7 years plus 180 days from the date of delinquency.  Charge-offs occur when a creditor decides a debt is not collectible and rather than carry it on their books as an overdue or past due debt, they instead eliminate it from their reportable past due accounts.  By charging off the debt, the company gets an improvement in their accounts receivable report. That doesn’t mean the debt has disappeared. In most cases, the debt is sold to a “debt buyer” who pays pennies on the dollar for the face value of the debt.  By purchasing the debt, the debt buyer can now attempt to collect the debt (plus court fees, interest, late charges, etc.) by contacting the debtor and taking them to court for the debt’s value plus fees.
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