Credit score is the “magic” number that lenders and landlords look at when you apply for a loan or a rental property.
Can you get your Free Credit Reports online?
You can request free credit reports from annualcreditreport.com, the only authorized website for free credit reports. You will need to provide your name, address, social security number and your date of birth for verification purposes. As monitoring your credit reports is important, the annual credit reports do not include credit scores.
How can I get my Credit Score?
You can be obtain your credit score by signing up with any or all of the three major credit monitoring bureaus: Experian, Transunion, Equifax.
Additionally, credit card providers offer their clients options to view their credit score and basic credit report online. The basic credit report includes items like total debt, available credit, history of credit score changes over a period of time. One can also sign up for credit report alerts through the same services.
About 79 million households, or 44% of total households in the USA, didn’t pay federal income taxes in 2019.
In 2020, the number increased to 107 million US households, an equivalent of about 61%. This huge spike was as a result of the shut-down that happened due to the COVID-19 pandemic.
Additionally, Americans received the stimulus checks in 2020 and far fewer households had to pay federal income tax.
As the economy is doing better in 2021, it is predicted that the number of households that owe no federal income tax for this year will decrease to 102 million, or 57%.
The Tax Policy Center expects that the number of non-paying households to return to the pre-pandemic number in 2022, unless Congress extends the boost to the tax credits, which Democrats are considering doing.
Vacation time is approaching and you plan to spend time away from home, maybe in a different country. Banks and credit card accounts let you set a travel plan, to add an extra protection on your debit and credit cards.
How does it work?
Login to your bank or credit card account and look for the option to set a travel plan. Enter the state or country and the dates you will be away, so you let your bank know where you will be using your debit or card card while on vacation.
Why should you set a travel plan in your bank or credit card account?
Set a travel plan for protection and less worries. Additionally, your debit/credit card settings may require your bank or your credit card provider to verify any transactions processed outside of your area for security purposes. If your bank doesn’t know you’re away, you may experience declines or delays on processing your transactions and that can become frustrating. For example, you are at the store in a state or country away from home, and your card payment doesn’t go through because your bank needs to verify that it is you using your card. So, your payment is declined. That can be frustrating and not a pleasing experience, when you’re trying to enjoy your vacation time.
Wells Fargo offers the travel plan option
Before your trip, visit the following links on the Wells Fargo website:
• Visit our Travel Tips and Tools page to learn how Wells Fargo can help before, during, and after travel.
• Verify your card is ready for use while traveling; visit Card Controls in Control Tower® and check your card controls.
For all your credit repair needs, call us 702.541.8215
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