Houses are still selling in Las Vegas

The first 2 quarters of 2020 have been very difficult for all and for the economy. However, the houses are still selling in Las Vegas, according to ShowingTime MarketStats.

The decreased number of new listings on the market and houses still selling in Las Vegas is the combination of higher demand and lower inventory which drives the sale prices up. If you’ve been thinking of buying a new home, this may be the good time to buy.

As a home buyer, it is important to have a strong credit record to qualify for a loan to purchase your new home. Small issues, like a forgotten unpaid old medical bill, a payment that you didn’t submit on time, can affect your credit score and therefore your qualifying requirements for a new home loan.

It might be a hassle to identify and correct the issues that affect your credit score. Fast Credit Solutions can do the work for you. Our team has years of experience helping people like you. Call us or click read more below to fill our contact form.

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Economic Impact Payment or Stimulus Payment

The IRS started sending stimulus checks in April. Taxpayers that filed their 2018 and 2019 returns and most seniors and retirees have automatically been issued the payments without further action on their part.

For those eligible to receive the payment but have not received it, you can fill out eligibility forms on the IRS website https://www.irs.gov/coronavirus/economic-impact-payments

Coronavirus Payment Assistance

Credit card companies offer payment assistance and payment deferment for a month for those that are affected by the business closures due to the coronavirus outbreak. Some have options to request the deferment online, others you must call. The payment deferment makes the minimum payment to zero, so you are not required to make a payment this month. However, it does not remove the interest.

To request the payment deferment from Capital One, call 800.227.4825. They are friendly and willing to help.

For payment assistance from Chase, go to https://www.chase.com/paymentassistance

American Express offers a deferment on both minimum payment and interest. Their financial hardship assistance number is 866.703.4169

Coronavirus and U.S. stock market

The US stock market has been deeply affected by the Coronavirus outbreak in the USA, as it happened to the Chinese stock market a few months ago when the outbreak happened. The global outbreak, officially designated a pandemic earlier this week by the World Health Organization, has triggered widespread cancellations for major sports and cultural events and corporate conferences, travel restrictions, product shipment delays, and impelled universities across the country to halt in-person instruction.

Amid these concerns, the Federal Reserve applied a half-point interest rate cut last week and announced an additional injection of $1.5 trillion in liquidity operations, along with purchases of Treasury securities across the yield curve. Additionally, in an effort to help and maintain the strong economy, President Donald Trump proposed payroll tax cuts and announced that billions worth of low-interest loans will be available to small and mid-sized businesses getting hit by the coronavirus.

Tax Credits and Deductions for Individuals

Tax credits are amounts that you can subtract from the amount of tax you owe.

There are two types of tax credits.

  • Nonrefundable
  • Refundable

The tax credits for individuals can also be divided as:

  • Family and dependent credits
  • Income and savings credits
  • Homeowner credits
  • Health care credits
  • Education credits

Individual tax deductions are amounts that you subtract from your income before you figure out the amount of tax you owe.

Like tax credits, tax deductions can be of different types:

  • Work related deductions
  • Itemized deductions (included here are property taxes and charitable donations)
  • Education deductions (student loan interests are classified as education deductions)
  • Health care deductions
  • Investment related deductions

More details can be found on the Internal Revenue Service website

Black Friday & Cyber Monday: Protect Your Credit Information When Shopping

We all love the discounts offered on Black Friday and Cyber Monday. Whether you are shopping in the store or online, you have to be careful where and how you enter your credit card and any sensitive information. When shopping in the store, if you are required to enter your PIN or the last 4 of your social security number at the checkout, cover the pad with one hand while entering the numbers. You don’t know who’s behind you watching. Additionally, check your bank or credit card activity periodically for any fraudulent transactions. If you shop online, check that the shopping website has the security seal enabled…

Happy shopping!


If you need credit repair services, do not hesitate to call us.

Zero interest for “x” months…

If you accept a loan or credit card offer of zero interest for “x” number of months, make sure you pay the balance in full by the end of the “zero interest” period or you will be charged prorated interest. Remember to read the small print and understand the terms and conditions that come with the “sweet” deal before you sign-up for it.

If you need help with repairing your credit score, we are here to help. We have the experience and tools for success. Call us.

Unpaid Medical Bills Can Affect Your Credit Score

Doctors and medical offices don’t report your unpaid bills to the credit reporting agencies. They send them to bill collection agencies and they report your debt. Once reported, the unpaid medical debt may negatively impact your credit score making it drop 50 to 100 points. Whether paid or not, the medical debt reported will stay on your credit report for up to 7 years.

Did You Know? About Chapter 7 Bankruptcy

The credit reporting agencies tell us that your Chapter 7 bankruptcy will stay on your credit report for up to 10 years. However, what many people don’t know is that approximately 2 years after filing for chapter 7 bankruptcy, your credit score will improve if you maintain a good bill payment record. Additionally, you may be able to acquire new credit cards after the 2 year period.

Improve your credit score and reduce your credit card interest rates

Your bad credit isn’t just a nuisance; it will impact every area of your life. When you finally decide to take matters into your own hands and fix your credit problems, many areas of your life will improve.

Luckily, these days there are a lot of options for proactive and hands-on folks who want to take back control of their financial lives. While there are many DIY credit repair options out there, getting professional help can walk you through the sheer volume of necessary procedures which can be overwhelming — not to mention being sure you’re getting the right information.

That’s why we’ve put together a simple plan to get you back on the right financial track.  Call or email us for a quick chat to see if we can put a plan in place to reduce your stress and get your credit score higher than ever.