Introducing, Shawn Rogers:
Shawn has served thousands of homebuyers and credit recovery clients for 25+ years. As a Mortgage Lending, specializing in Purchase, Renovation, FHA/VA Homebuyer, Self-employed Borrowers, Shawn has supported clients as Coach/Instructor, Keynote Speaker, Motivational Speaker, and Transformation & Leadership Mentor.
She is a renowned leader in the industry, cover all states throughout the Unites States. Her passion is making credit freedom a possibility for all who desire to become credit-wise.
Take a peek at our Realview, which covers “hot topic,” issues about credit.
Shared by Shawn Rogers.
Zee Pressley, Realview Host
As a Realtor, I have yet to meet a customer who didn’t want to purchase a home. However, it’s been few customers who have been credit ready to purchase a home.
Realview: As a credit consultant, what have been the 3 most common credit hick-ups?
Shawn: The most common hick-ups have been:
1. late payments
2. high usage
3. incorrect information that’s being reported (most people don’t monitor their credit)
Realview: how often should they check their credit
Shawn: They should check once a month
If you are working to manage your credit, you should check twice a month
Realview: Expounding on more about late payments, what do you they are the most common reasons individuals not paying their creditors on time?
Shawn: In many instances, it due to a change in income, financial bond, or sometimes it’s simply a lack of discipline
Realview: You mentioned “high credit usage” as one of the primary credit hick-ups. Explain.
Shawn: Most individuals don’t understand how a credit works to their advantage or their detriment. For instance, a new credit card user is often not aware of how much credit should be used when credit is rendered.
If a credit card of $500 is approved, a person that is not savvy about credit may charge the entire credit limit, resulting in over-the-limit fees, plus interest. That cycle can be a rats trap and challenging to overcome.
Unauthorized information you mentioned is another common credit hick-up. What is the best practice for dealing with unauthorized usage?
Dispute in writing with each credit bureau.
Realview: When do you think a conversation about credit should be introduced, and why?
Shawn: Credit conversation and money management should be discussed during teen years. I over teen workshops for high school seniors. I suggest signing your child up for money management and credit awareness classes before they begin earning money or attaining credit.