Educational Resources

In addition to our basic services, Legacy Credit Partners hopes to provide information and guidance to our clients about how to deal with various credit problems. Contact us if you have any questions and we’ll gladly assist you.

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Credit Score 101

​Your credit score is derived of a few factors:

  • Payment History is 35% of your score

  • Amount of debt to credit usage 30%

  • Age of Credit 15%

  • Inquiries or recent application for credit 15%

  • Credit mix or type of accounts is 10% of your score

What You Should Know Before Opening a New Credit Card

  • The best credit cards aren't for beginners

  • A security deposit makes credit cards easier to get

  • You can see rates and fees before applying

  • Pay more than the minimum required

  • Getting to close to the limit can sink your score

  • Interest is completely avoidable

Budgeting

A simple budget can be started by using the 50/30/20 guideline and keeping track using the budget tracker of your choice. Below is how the 50/30/20 works:

  • 50% of income devoted to your needs

  • 30% committed to your wants

  • 20% to savings and paying off debt.

 

Free Worksheets

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Mortgage Checklist

Home Budget Worksheet

Expense Tracker