All posts by : Nicholas

Creditsage featured as a top innovator in the credit repair space

We were nominated as a top startup by The Startup Pill. In their 37 Innovative Credit Startups To Keep An Eye On In 2021

The article showcases Startup Pill’s top picks for the best Credit startups. Our credit repair startup was nominated as one of the top 37 innovators as we are taking a variety of approaches to innovating the Credit industry and around the world.

We were selected because of our exceptional Innovative idea and route to the market with our product in the credit market. Our growth in the credit market has been exceptional as well, we are following nontraditional growth strategies in this untapped market.

Managing credit is hard and we are here to help you through your journey and get you to your goal. Maintaining your credit should be easy and seamless and that is what our company wants to help you bridge that gap and give that knowledge to do so while also using our unique credit repair method to get your credit score back up.  

We would like to thank Startup pill for this feature in their magazine and you can find the link to the article below.

 

https://startupill.com/37-innovative-credit-startups-to-keep-an-eye-on-in-2021/

creditsage was Featured by Daily Finance Magazine.

We were nominated as a top startup in Fintech (Financial Technology) Company from Boston by Daily Finance.

We are proud to represent Boston from the Fintech sector, our startup even though just 1 year and few months old we are innovating the credit repair sector.

Credit is the one thing that defines you in every aspect of your life, from when you go to buy your first car to when you go to buy a house or even rent a place they want to know how good your credit is.

Having good credit can really impact how you are treated in life. It’s sad that maintaining credit isn’t taught in school or even college. CreditSage is here to change that, we want to educate you on maintaining good credit while also helping you build it with our credit repair services.

We have helped more than 30 people fix their credit, doesn’t matter how bad your credit is we will help you get it up and teach more about maintaining it. If you are planning to buy a car or house anything for a matter of fact with credit then you need our credit repair services to help you meet that goal.

More than 30 people have trusted us with their credit repair journey and we have a hundred percent satisfaction rate, so what are you waiting for, head on over to the user page and start your credit repair journey today.

We would like to thank Daily Finance for this feature in their magazine and you can find the link to the article below.

https://df.media/these-are-the-top-fintech-financial-technology-companies-in-boston-2021/k to the article below.

invest in bitcoin and stock market article for beginners

How to “SAFELY” invest your current stimulus check into Bitcoin and the Stock market.

This past year hasn’t been easy on anyone and we are still in the depths of the pandemic. Scams and phishing are at an all-time high. Security magazine conducted research in the year 2020, surveying several industry professionals and tracking new threats and state that overall malicious attacks have gone up by 53 percent. You can view their complete report and see their breakdown of how people are getting scammed and falling victim to these cyber attacks.

 

I think one of the main reasons that people are falling victim more so this time is because of the extra stress, stress from work, or stress of finding work, stress of providing for the family, staying healthy and not getting covid-19, etc. In 2017 there was a cryptocurrency scam, called Bitconnect. Bitconnect pulled one of the biggest exit schemes in cryptocurrency history, the founders walked with more than 1.5 billion of innocent people’s money, some had put their life savings in Bitconnect in hopes of getting rich. Sadly pyramid and Ponzi schemes are to take your money and not do what the portrait they were going to do.

 

CreditSage has taken to liberty to help you with trusted avenues to invest your hard-earned money. We have linked sources that are trusted and vetted by the government that you can safely trust and invest your money in. We picked Robinhood for stocks as it is one of the leaders in free stock trading and they give you a free stock to join. They are regulated by the government and have a really easy interface to get started in buying and selling your first stocks.

 

We picked Coinbase for cryptocurrency as it is an industry leader in the crypto space and is regulated by the government. It also has a very easy platform to use and has tips to get started in buying your very first cryptocurrency. 

 

We do advise invest with caution and only invest money you can afford to invest for the longterm and that’s why we advise you to invest your stimulus checks instead of spending it on materialist things you can plan for your future or any unforeseen events that lie in your future.

 

Platform for stock trading (simply click on the name)

 

Robinhood   

 

Platform for crypto current  (simply click on the name)

 

Coinbase

welp magazine featuring credit sage article best credit repair leaders in the market

We Were Nominated As A Top Credit Startup By Welp Magazine.

Recently we were featured by Welp Magazine. Thank you for recognizing us as Credit leaders. As they indicated the Credit (fintech) space has been booming and CreditSage is one of the many companies that is disrupting the space. We have introduced a new way to repair your credit. Our method of credit repair is the most efficient way currently in the market.

What is Fintech? It is financial technology; it is the use of technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. That is exactly how CreditSage is leading and disrupting the Credit repair industry.

The Credit sector has not been touched in years, the benefit of fixing your credit with CreditSage is that it is the most reliable way besides being the most efficient. Credit is something that sticks with you throughout your life. Literally, everything in the United States can be bought via credit, and having bad credit puts you back in life.

Having great Credit is not a family secret passed down from generation to generation anymore, we are changing the old ways. Authorizers get paid for great credit. Nobody in the market pays you for having great credit but we do. We are solving an age-old sector and leading by innovating it.

The internet has allowed us to keep prices low and offer you the best service. You can fix your credit in 6 months with just our most basic plan, risk-free, tension-free at the lowest price. Planning to buy a house soon? Get our booster plan and get a higher mortgage loan offered to you at a lower interest rate.

 

Head over to the link below and read the Welp Magazine article.

26 Best Startups Operating in the Credit (fintech) Space

Stay Home And Get Good Credit

The pandemic they say has been a great equalizer. Everyone going thru the same  uncertainty, every industry hit with the same crumble, and every country endeavoring to regularize the unseen situation. Nevertheless our  individual  credit score  has somehow remained  distinctly  singular to our habits. And there is no short cut to regain good credit but we can by all means better our credit by some best practices.

The pandemic has forced us to stay in doors and somehow our health , immunity  anxieties over fighting the virus has surpassed over the planned move to buy a new car, an expensive dress , a  voted purse or Jimmy Choo shoes. On a lighter note, stocking up on toilet paper was more rampant that booking those Air BNB at fantastic  discounts. This left us with a somewhat good opportunity to not spend so much on our credit cards and eventually stick to just essentials that tide us over the stay home period. That itself was an opportunity to align our credit spending powers to balance out. IE: work on our credit score  so that we are up and there when we are ready to spend again.

The first guideline would  budget your buying even if for essentials because other amenities spend has slowed down. And since you could do without that dress or purse these last four months, you can continue to do without it  until you re arrange that credit  score.

From April its been easier on the pocket than the same months last year or years before that. This would be good time  to reduce your number of credit lines  you have. Because the simple logic is the number of cards impact your credit score. It’s a good practice to always remember a credit card is  money lend by a bank to us. It works because we don’t want to carry cash , but it has to be paid back to the respective lender. That way we are on our toes and make judgmental calls not to bust the limit. Focus that in all eventuality we have to pay the source.  This way we stand firm from  liquidity perspective.

Cards mandatory ask  a 5% repayment expected on due date. That Is to keep in mind when we make our purchases. Simply because late payment fees are charged along with interest rates applicable and taxes. To avoid these extra burden on our repayment process. Its good practice to do the simple math every time you swipe that lucrative card on purchases way beyond our means. As its said, there are no free lunches neither are dinners or breakfast.  That’s another good snooze in your head while making those purchases when you are working to  aligning   your credit line.

Another attempt to save or repair your credit score, is to avoid cash withdrawals on your credit cards. The financial charges on these are way higher than we  can calculate in case  you are one of those who make minimum payment of your cards. Cash withdrawals on credit card is never is good exercise .Period. This brings us to the next step  is always try and attempt to make full payment on your cards. Credit cards offer us security in lieu of cash, hence the way they are utilized make us appealing  or reviling  to the lender. IE the bank or financial institution. This directly affects our credit  rating. Because customer spend behavior pattern is tracked by all lenders.

Another important  piece of advise before we wind up avoid using credit cards outside of your territory . The cards that are even touted as discount at international  usage; hit the holder with costly conversion changes, because spending in foreign currency influences the card to be swiped at the real time conversion along with levied charges that can be anywhere from 3% to 5 % or less depends on the  bank card you are using. But believe me no bank leaves this opportune to make more money out of the card holder.

Even the pandemic cannot stop  bills and EMI’s that are contracted  month in and out. Although a lot of finance houses are offering deferment in repayment. A wise move would be keep abreast of such places and really apply to them. Make a solid move to approach them, ask them if you fit the criteria and negotiate your  repayment plan, this is in case your credit is way busted  and in need of quick fix. Deferment now can only work if and only if you plan to stick with your budgeting . If you are not so sure on your cost to income (CTI) flow period on period annually. Work out  simpler terms for month to month on your own.

Last but not the least, work out your expenses spent on all cards put together between 25% to 40% based on your debt burden which is not imputed on the card. Like rent, school fees, etc. for Example: higher the EMI on a mortgage loan then exercise a 25% budgeting on  your cards limits put together. If you run lower cost on your living expenses then can keep on 30% which is a sweet number in all probability.

To sum up the best practices, always remember, our cards are our identity to better credit and using them wisely makes us less susceptible and keep our neck above  credit waters.

Contributor: Beena Karkhanis

 

Credit Over The Years.

Very many years ago, more like eons ago. Credit was something that was rendered to the privileged few. It was as simple as a merchant giving credit to a person he/she could trust to pay him/her back. Anyone without the means, repute or modest could not get the much sought-after “credit”.

This simple concept of rendering credit progressed into making it available to each and everyone in a myriad of ways. Via multiple and diversified products such as credit cards, mortgages, automobile loans, student loans, etc. Soon, credit was not limited to just merchants. It spread to financial and non-financial institutions whose business was to lend money. And to be a person of repute or privilege was to be able to prove his/her ability and standing to get a loan and pay it back too.

This opened avenues of risk and control and lending became the need of the hour; from cradle to grave, because credit lives on in the family name well after. Not to mention the corporate commercial loan which also uses the basic concept of credit but with the method of amortization.

 Coming back to consumable retail/personal credit, it’s always important to understand that the eons old theory still remains at its core. That is, finance is extended to the person/end user who is known for his/her capability and ability to pay it back.

Then follows the concept of institutions making a profit during the repayment period, because the pursuit of profit is inherently what finance lending is all about. In today’s world improving your credit worthiness is as crucial as the healing of the ozone layer of the earth. So get those oxygen levels hiked up and start working on your credit worth as soon as you evaluate how your credit score infers. Since credit lines are worked and reworked on the income/spending and delinquency behavioral pattern of an individual. The more one spends carefully, the sooner one reaches the outstanding, well-revered credit score.

Contributor : Beena Karkhanis

Changing Times

Companies need to come out stronger and innovate in these difficult times. These are truly testing times that will test companies to innovate in their field.

Companies can have several departments work from home, let me tell you why that is going to change the face of the corporate world. Bear with me, we are going to dive into the nitty and gritty of it.

If it isn’t a cooperate office, companies barely invest in the property itself and choose to pay rent. Having employees work from home saves them thousands of dollars on rent a year and that’s just rent, less to no employees on a worksite will mean less usage of utilities and other perks that the company offers as well or even the basic necessities, like toilet paper or snacks.

You might ask yourself how much the company actually spends on office supplies itself per employee. Businesses with one to four employees spent $77 to $92 per month, Businesses with 40 employees spend $45 to $53 per employee per month and Businesses with over 200 employees spend $27 to $32 per employee per month and that’s just on office supplies. Companies that use more paper almost spend $1000 on average per month per employee.

On average an employee spends 26 minutes in commuting to work and 26 minutes back. That’s 52 minutes the employee loses in the day and doesn’t get paid for. Cost per employee really accumulates every month as you break it down for each employee.

Having employees work from home will have a lower carbon footprint overall as they don’t need to travel to get to work and they will also save time in deciding what to wear and they won’t be taking time to get dressed every morning if they are just logging into work from home

Having several departments work from home will save the company thousands of dollars, a year which can be put back into the business or increase salaries of employees.

Research conducted by business news daily and Stanford states that employees working from home increases their productivity, their breaks are more effective in refreshing them and helps them stay more productive more efficiently when working from home.

This crisis has really opened up our eyes to how inefficiently we can be operating in the world and how much more we can be productive and effectively use our resources, especially if it helps mother earth and humankind in the bargain while saving you money.

[Founder- Nicholas R.Fernandes]