What is ERISA?
“ERISA is a federal law that sets minimum standards for retirement plans in private industry.”
“The Employee Retirement Income Security Act of 1974, or ERISA, protects the assets of millions of Americans so that funds placed in retirement plans during their working lives will be there when they retire.”
from: Employee Retirement Income Security Act (ERISA) | U.S. Department of Labor (dol.gov)
Continue reading ERISA
Banks and credit card companies offer a variety of security features that will help you keep your bank or credit card account safe.
Get Transaction Alerts
Stay on top of your spending – and know if there is suspicious activity on your account – by setting up text or email alerts.
Create a Strong Password
The more complex your password is, the safer your account will be. Consider updating once every six months.
Update Contact Information
Make sure your contact information is up to date, so you can be reached immediately if there is ever any fraud on your account.
Control Your Credit Card
Temporarily lock and unlock a misplaced card. Decrease your risk of fraud and eliminate the hassle of canceling a missing credit card.
2020 has been a challenging year for most of us. Below you will find a quick summary of the 2020 Credit Review.
The COVID-19 pandemic that started in China at the end of 2019 started expanding throughout the world at the beginning of 2020.
Many of us know of friends, family, acquaintances that contracted the virus and some have died.
The US Economy
As the deadly virus was spreading in the USA, our economy was shut down by closing businesses and limiting the physical interaction in an attempt to slow down the spread of the virus. However, the saying “it spreads like a virus” was based on facts and it happened in 2020. Many businesses closed down for good as a result of the shut-down and the unemployment raised to high numbers. It is now predicted that the Chinese economy will surpass the US economy by 2028, earlier than previously predicted due to the coronavirus pandemic.
After the big dip at the beginning of 2020, after the pandemic news hit the USA, the Stock Market came back strong at its highest levels by December.
Nevertheless the 2020 turmoil, the interest rates continued to be low. Thus, the real estate market has done very well as buyers took advantage of the low interest rates to get loans and invest in real-estate.
Many know that owning real-estate helps increase credit scores for some.
Banks allowed creditors to defer their monthly credit card payments for few months beginning from March without reporting them as late with the credit reporting agencies. That helped many of us from having our credit scores drop as we awaited the government financial help.
Happy New Year! 2021
As we are now awaiting the second stimulus checks, we are hoping for a better, brighter and a healthier 2021.
Do you need to have a 2020 credit review done?
Call us at 702.541.8215 if you need help repairing your credit score and your credit report
If you have not done it before and need to get a new loan, to buy a car for example, you learn that the lender wants to see your credit reports and scores.
The information is abundantly on the internet. It may also be confusing sometimes.
We did the research for you and we found that https://www.usa.gov/credit-reports is a good website to start learning about credit reports and scores.