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    Leslie Nations

    During this unusual time, what is the best way to financially plan for the uncertainty we are facing? It seems there is not an end in sight to when we will get back to some similarity of "normal".

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    Shawndolyn Rand

    Don't over spend, only buy necessary items. You hw e to train your kids, yes they are home all day, bit don't eat all day. They dont eat all day at school. Don't hoatd, but slowly stock up on essential items. Ise coupons and store apps have great deals on them that's not always in the store.

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    David Bollinger

    Maybe buy a lot of canned goods!

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    Rebecca Adkins

    Continue to do as we were before and not panic. Stop letting our fears out weigh our prospective of reality. If we panic and buy bulk we waste. And we take away from others that need as well.

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    Jada Johnson

    How do I acquire funds? I have never had a loan, credit card, and I am denied ever time, not that I really know what I am doing; filling out online questionnaire only causing spam emails, phone calls, and texts. No credit is the same as poor credit. What are the steps to build credit? How can I get a loan or credit card?

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    Shawndolyn Rand

    You can try SpeedyCash Loans, or Ace Loans

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    Sarah Coones

    Good luck everyone

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    Truman Bottom

    Could use this time to teach life skills to your kiddos. Check book balancing, cooking, car maintenance and many more. This will prepare them for life even more than you can imagine

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    Lindsey Novella

    It would be shocking

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    Elizabeth

    Clean up your mail pile, paper work, go through files, eliminate the paper clutter and you might uncover lost money. I uncovered two class action law suit notifications that I had yet to claim!

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    Jaime Lew

    Thank you! Stay safe everyone!

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    Rebecca Adkins

    Thank you so much!!

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    Shoka Marefat

    Thank you!!!

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  • Hi Jada Johnson. Getting that first bit of credit can be a real challenge, but we do have some suggestions. The first thing you should do is look at your credit and understand it. We can help you here because we provide our credit monitoring free of cost. Next, an easy way to get started with building credit is to get a secured card, which is specifically designed to help those who do not have credit history. The downside is that lenders will typically require a deposit, because that deposit backs your account so there is no risk to the lender. It is sort of like a debit card in that you need to have the money upfront, however, a secured card can help build your credit score. Another option is to call your bank and ask about taking out a small personal loan, as making on-time payments will build your credit history. You can also ask if you are a good candidate for a credit card through them. This way, you will have a pretty good idea of your qualification before you apply. Read “Improve Your Credit Score” to learn more and let us know if you have any follow up questions! 

     

     Best of luck and stay safe!

     

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    Shawndolyn Rand

    I might try that as well Monique, thanks

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    Deidra Dees

    We are in a time where you have to save all that you can and shop and buy smart no need to get unnecessary items that you don't need.

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    Shawndolyn Rand

    Wow thanks, how do I collect my gift card

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    Jaime Lew

    Thank you so much! Congrats everyone!

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    Jessica Moore

    Jada Johnson I was in your same situation a few months back and I went through a company called Lend Up that I actually learned about in my Credit Sesame App

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    Shawndolyn Rand

    How do you deal with the stress of this, Corona pandemic?

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    Diane - Thrive Moderator🌱

    Hi Shawndolyn Rand. We'd like to share a bit about what we are doing here at Credit Sesame. Although we are all remote now, we stay in constant contact, not only for meetings, but also for fun. We have after-hours Zoom parties. We send each other messages saying how much we miss each other. We share recipes. We vent to each other. We share birthday wishes. We inspire each other and keep cheering each other on. We send virtual hugs. We miss seeing each other's smiling faces and hearing laughter, so we do it over Zoom. Basically, we take all the ways that make our Credit Sesame family matter to us and keep on doing them through the magic of the internet. Work isn't stopping for us, but neither is the fun nor the love. That really helps keep the stress at bay. We hope we are bringing some of that here to you, and we hope that you will keep joining in. We love how people here are helping us extend our happy family.

    We'd love to hear what you are doing as well. Take great care, all!

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    desarey haggard

    Hi Jada Johnson. I just wanted to say that I started my credit journey with Fingerhut. I aquired an account, placed an order and made consecutive payments before paying it off. This helps to build a relationship with the creditor to start raising your credit score and paying it off helps prove your seriousness for the end result and raise your score for paying something off. I also made a Credit Sesame account and followed a bit to become familiar with how things work and eventually after a few recommendations I applied for a credit card. Got excepted and continued to do the same with the new credit I aquired as I did for the first approved credit with Fingerhut. Always remember to apply for Credit Sesame recommended credit because it will not impact you're score and that's important so not to lower you're credit score seeing how that's opposite of your goal.There are many different ways to raise your credit score, this was mine. Good luck 👍

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    Angelica💜

    It's especially important to spend on Needs and not Wants, you will definitely see your savings increase.  

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    Susan Thevenard

    I've been trying to only buy what we need and not panic buy! I hope things settle down soon!

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    Susan Thevenard

    how can we boost our credit score during this time when everything seems to be collapsing?

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  • Hi Susan Thevenard. We are copying from a thread in the Credit channel, so you may have seen this already. Just in case you have not, here is what we posted:
    Five factors are taken into account when determining your credit score--the biggest of which is credit utilization. In fact, credit utilization accounts for 35% of your score. Utilization sounds like it is referring to how much credit you use, but it really comes down to how much you have access to and don't use. Lenders want to see that you can manage credit responsibly. In fact, they want you to use less than 30% of the credit you have. If you use less than 10%, you are styling! The key to a good credit utilization ratio is to have more credit than you need, and then not use it. Often, taking out another credit card that you save for rainy days provides a nice score boost; however, the hard inquiry you will take in order to get the card will (temporarily) lower your score. If your score cannot afford the hit a hard inquiry will cause, try calling your lender and asking for a credit line increase (Even a small one will help.), then don't use it. Provided you don't add to your spending habits and you keep making your payments on time, your utilization ratio should improve, resulting in a higher score.
    Best of luck to you!

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    Jennifer Scott

    What should I do with the money I would've spent on travel this year? Should I invest in such a volatile market or put it into savings?

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