Learn How to Make Good Financial Decisions from Experts

Let the financial experts at ClearChoice Credit Restoration be your guide to effectively managing your resources and improving your overall financial wellbeing.

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Expert Financial Literacy Services

There is more to managing your resources efficiently than setting goals, having a precise budget, spending saving using credit, etc. Research, problem solving, analysis, and others are also essential skills to have. Our Financial Literacy service was designed to help every individual achieve these skills, and even more, with ease, to make the right financial decisions.

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Why ClearChoice Financial Literacy Services?

Many people are neck-deep in debt than what they can manage. More sadly, most of these people do not have a proper framework to make good financial decisions, thereby negatively affecting their personal, professional, and financial lives.

For this reason, at ClearChoice Credit Restoration, we have developed a multi-faceted financial literacy curriculum designed exclusively to help individuals stay atop their finances. Our Financial Literacy Service was structured to educate you on personal finance, loan repayments, business financing, financial planning, etc.

The expert financial counselors at ClearChoice Credit Restoration are always available to offer personalized financial counseling and education to individuals across various walks of life. We support programs that promote and ensure the financial literacy of today’s youth and prepare them for a greater economic future tomorrow – you may also check out our financial literacy services. Our goal is to help as many people as possible achieve financial freedom.

Here, we use tools and resources to help individuals identify the benefits of financial freedom via financial literacy, developing tailored strategies to help them achieve such.

Do you need help with understanding your finances and developing an efficient financial strategy?  We’d like to have a chat with you.

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Financial Literacy

What Do Folks with a High Credit Score Have in Common?

  • Between four and six credit cards which are revolving accounts
  • At least one installment line – like a mortgage or auto loan that’s in good standing No late payments or other serious account errors for at least the past seven years Very few credit inquiries. No more than 3 in a six-month period
  • No derogatory notations such as collections, bankruptcies, liens, judgment, etc. Debt levels on credit accounts of less than 30% of their overall credit limit

5 Simple Ways to Increase Your Credit Score FAST

There are 5 simple ways you can increase your credit score:

  1. At least once a year (and a few months before entering into a major loan), review your credit reports from Equifax, Experian, and TransUnion. You’re entitled to one free copy from each bureau once a year and more under certain circumstances.
  2. Fix all typos and errors: Since your credit record spans almost a decade of your borrowing activity, it makes sense that errors sometimes turn up. A recent study showed that 79% of all credit reports contain errors. Some common credit-reporting errors include out-of-date addresses, closed accounts being shown as open, credit lines not reported at the correct amount and wrong information.
  3. Change your ways, immediately: Self-inflicted credit wounds (such as a history of late payments, defaults, and irresponsible behavior in general) will fade from your record over time. Since the most recent behavior on your reports carries more weight than old news, vow that from this day forward you will be a financially upright citizen, and over time your score will grow.
  4. Remember that your credit card is not cash. It represents money you do not have: Even though you have been approved for credit by a bank, or store to borrow thousands of dollars, you don’t actually have thousands of dollars to spend, which leads nicely to the next tip.
  5. Ignore anyone’s rules on what would be an acceptable amount of debt: Your debt to income ratio is the measure of how much debt you carry to how much money after taxes you have coming in. In the world of lending, it is acceptable to carry 25% of your income in debt.

That ratio is still very high. You might want to consider trying to keep your debt including car loans to 15% or less of your after-tax income.


800 and Higher (Excellent) With a credit score in this range no lender will ever disapprove your loan application. Additionally, the APR (Annual Percentage Rate) on your credit cards will be the lowest possible. You’ll be treated as royalty. Achieving this excellent credit rating not only requires financial knowledge and discipline and, but also a good credit history. Generally speaking, to achieve this excellent rating you must also use a substantial amount of credit on an ongoing monthly basis and always repay it ahead of time.

700 – 799 (Very Good) 27% of the United States population belongs to this credit score range. With this credit score range you will enjoy good rates and approved for nearly any type of credit loan or personal loan, whether unsecured or secured.

680 – 699 (Good) This range is the average credit score. In this range approvals are practically guaranteed but the interest rates might be marginally higher. If you’re thinking about a long term loan such as a mortgage, try working to increase your credit score higher than 720 and you will be rewarded for your efforts – your long term savings will be noticeable.

620 – 679 (OK or Fair) Depending on what kind of loan or credit you are applying for and your credit history, you might find that the rates you are quoted aren’t best. That doesn’t mean that you won’t be approved but, certain restrictions will apply to the loan’s terms.

580 – 619 (Poor) With a poor credit rating you can still get an unsecured personal loan and even a mortgage, but, the terms and interest rates won’t be very appealing. You’ll be required to pay more over a longer period of time because of the high interest rates.

500 – 579 (Bad) With a score in this range you can get a loan but nothing even close to what you expect it to be. Some people with bad credit apply for loans to consolidate debt in search for a fresh start. However, if you decide to do that then proceed cautiously. With a 500 credit score you need to make sure that you don’t default on payments or you’ll be making your situation worse and might head towards bankruptcy, which is not what you want.

499 and Lower (Very Bad) If this is your score range you need serious and professional assistance with how you handle your credit. You’re making too many credit blunders and they will only get worse if you don’t take positive action. If you are thinking of a loan then keep in mind that if you do find a sub-prime lender (which won’t be easy), the rates will be very high and the terms will be very strict. We recommend that you fix your credit and only then move on to applying for a loan.


  • 35% – Payment History
  • 30% – Debt Ratio
  • 15% – Length of Credit History
  • 10% – Types of Credit
  • 10% – Number of Credit Inquiries

The percentages in this chart show how important each of the categories is in determining your Credit score. We will help you to remove negative items from your payment history. We will also show you how to maximize your debt ratio score, even if paying off credit cards is not an option.

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