The world flipped on its head during the coronavirus pandemic, hitting businesses and individuals hard throughout it. People weren’t prepared for this, which resulted in countless job losses, lack of steady income, not knowing where the next paycheck was coming from, and what would happen to their credit.
Credit is more important now than ever, as a bad credit score can be the be all and end all when it comes to making that purchase you desperately need. Fortunately credit consultant and expert Jose Rodriguez, aka The Credit Dude has the knowledge and expertise to maximise your credit, even during the toughest of times. Here The Credit Dude shares 5 tips to get your credit score in check.
- Always Call Your Creditors
Ignoring phone calls, emails and letters regarding past due accounts is never a good idea. It is the time to take control and find out exactly what is available to you, and if creditors can offer any kind of accommodations. If you decide to ignore your accounts that you’re required to pay and make no mention that you had been affected by COVID-19, then you’ll definitely not be able to take any kind of advantage of courtesy adjustments that may be on offer.
Make a habit of picking up the phone to see what is available for you, and for how long. A 2 or 3 month deferment on your mortgage or car can even allow you to breathe and pay down other accounts – or even build a nest egg for you and your family’s future. Make sure to ask if it is required of you to pay the deferred payments amount in full, or if they’re able to place it on the back end of the loan – once you’ve gotten past the accommodation period.
- Ensure You Apply for a Personal Loan
A personal loan application at your local credit union can prove to be a big advantage. This is because it allows you to pay off your credit cards and make just one monthly payment towards your personal loan. This keeps the credit cards open, however it transfers the debt from revolving to installment – which will cause your credit score to improve.
Don’t apply for a long term, 60-month loan. Keep it short and sweet, around the 24-36 month range. One of the last things you want to do, would be to take out a loan for 4 years, and then proceed to once again max out your credit cards, leaving you in a far worse position than before.
- Don’t Be Afraid To Ask for Credit Limit Increases
The higher your credit limits are, the higher your credit score can be – but only if you have low balances on your credit cards. If you do get approved for a personal loan to pay down your credit cards or if you’re able to pay off your credit cards on your own, ask for an increase in your limit once the balance is under 30% of the credit limit.
This increases your available credit, which ultimately contributes to maximizing your credit score. The amount you owe on your credit cards compared to the available credit, should be 30% of your credit score, or roughly 165 points.
- Use Turo To Rent Your Car
Turo is a business that enables you to rent your car out to people. And get paid for it. This can be a massive help when it comes to covering monthly payments. You can even make more money to cover other expenses and bills you may have. Some people in his network even have 2 or 3 cars on Turo. Not only are their car payments covered, but they can use anything extra they make to go towards their electric, water and cable bills.
Visit their site or download their app to check out reviews and scope out other cars in your area, in order to see how much you’d be able to rent your car out for. If for example, your normal car payment is around $400 a month. Let’s say you can use Toro to rent your car out for $50 a day, imagine what you could make renting out your car for the whole month – that’s an extra $1,500 per month.
- Start Your Own Business
Having a back up plan is more important now than ever. If you are lucky enough to have some kind of talent or a hobby that could make you money – leverage it. There are so many products in demand, and you can make nearly anything and sell it on Etsy or Amazon. “I have seen people go to garage sales and buy something for a few bucks and then sell it on Ebay for a lot more -making a pretty amazing profit. Even if it’s bracelets, facemasks, or even over a service like laundry, haircuts, or even cutting hair, that can help you start a business” Jose says.
You could be generating an extra $500 a month, which could go towards paying off your credit cards or other kinds of debt on your credit report. Every cent is important when it comes to paying off your debt. It helps with not only maximizing your credit score but saves you money interest if you can pay it off sooner.
So, there you go. Jose’s 5 tips will help you to maximize your credit score and get your credit back on track post COVID-19. Make sure to go follow Jose on Instagram at @thecreditdude where he shares daily tips on how to improve your credit and master your finances. You can also visit his website if you’d like to learn more.
Billionaire Space Baby (BSB) – About the Founders
Billionaire Space Baby (BSB) is the brainchild of Ace (aka @wiremecrypto) and Nick (aka @internetwires), serial entrepreneurs with an eye for trends and strong believers in financial independence. Both Ace and Nick saw an opportunity in NFTs, crypto, and the wide-open digital world that will become the Metaverse. In response, the pair hit the ground running with Billionaire Space Baby and haven’t looked back.
The Billionaire Space Baby brand and all it entails is their way to capitalize on an emerging market while also sharing their skills, insights, and connections with Billionaire Space Baby Space Cadets and a community of like-minded, hungry entrepreneurs.
Their combined passion for entrepreneurship—making something out of nothing and paving your own way—and a strong desire to mentor other young entrepreneurs is what drove the Billionaire Space Baby founders to create the Billionaire Space Baby NFT project.
More than just another cookie-cutter NFT project, Billionaire Space Baby is positioned to be a leading platform, community, and springboard for Space Cadets to learn and grow in an evolving digital, decentralized marketplace.
Both Billionaire Space Baby founders are excited to share the Billionaire Space Baby mindset with entrepreneurs who are looking to make their dreams come true but just need a little extra help along the way.
That’s who Ace and Nick are—two visionaries that love the idea of helping others achieve their goals of financial independence and want to create, curate, and grow the world’s finest NFT community.
Entrepreneurs at a Young Age
Both Ace and Nick grew up knowing they wanted more out of life than a 9-5 job. Growing up in a culture that thrived around the entrepreneurial spirit, the Billionaire Space Baby founders knew from a young age that financial independence and security early in life was not only a priority but a path to bigger and better things down the road.
Ace started learning how a business was run and how to be independent as early as 12 years old while working with his father in a photography/cinematography business. Even then, he hated the idea of wasting time on things that weren’t going to position him to succeed. Looking back, he remembers sacrificing a lot of typical childhood experiences, intentionally, to learn and grow as an aspiring young business owner.
Nick also started young, jumping into the ecommerce world at the age of 14 with his own ecommerce business. He recognized a drive within himself and a desire to invest his time and efforts into something that he could wake up happy to be doing. For Nick, his time was valuable, and he couldn’t imagine toiling away at a 9-5 job doing the same tasks day in and day out.
“Growing up,” Nick says, “I wanted to make something out of myself.”
Both Ace and Nick found their passion for success by their own hands young in life, and neither would trade their time spent learning the ropes and traversing the business world for a typical day job.
“It’s all about what you’re trying to achieve,” offers Ace. Ace and Nick want to achieve greatness.
Entering the Crypto Space
Nick and Ace consider one another as their right hand man in all things business. Their paths crossed years ago, and they’ve since worked on various projects and in various spaces to find and focus on continued success.
Throughout their time together, the mantra has always been achieving their goals and realizing their vision, and that mantra is paying off.
“We operate very much the same and have high intentions when working on a big project,” says Nick of their partnership. He realizes that working together, and working hard towards a shared goal, is what makes the pair click. “The more work you put [into] any project, the better the result of the outcome.”
And that’s why Ace and Nick feel confident Billionaire Space Baby will succeed in the NFT and crypto space. Both Billionaire Space Baby founders entered the crypto and NFT world years before Billionaire Space Baby became a reality, and both learned the ropes quickly and with intention.
Both the blockchain technology that forms the foundation for NFTs and the potential of bringing a high-quality concept to a digital marketplace ripe with potential were instant attractions.
“A decentralized way to make money? I’m in,” reflects Ace when he thinks back to when he discovered cryptocurrency and its potential.
“NFT’s and crypto work [well] together,” adds Nick. “I see crypto being [an] even larger currency than it is today. It will be very valuable to have money in crypto [and] to see it grow.”
The Billionaire Space Baby Concept
Billionaire Space Baby is a lifestyle as much as it is an NFT project to the Billionaire Space Baby founders. Billionaire Space Baby is a way for them to leverage their entrepreneurial experience to cultivate a community for hungry, like-minded individuals that share their goals and aspirations.
“Everyone has a dream, but not a lot of people out there will start shooting for their dreams,” shares Ace. “Maybe they don’t even believe in it. They just have a dream.”
Which is why Ace is so passionate about sharing his expertise and industry connections with Billionaire Space Baby Space Cadets—to make those dreams come true. In his mind, seeing dreams become realities is as much a part of the entrepreneurial lifestyle as the financial security that it brings.
“A lot of people have great mindsets and business ideas they can go and [create],” echoes Nick. “That’s when money becomes an issue.”
Neither Nick nor Ace like the idea of money standing in the way of someone’s dreams. So, it’s been their goal for years to create a space where passionate young entrepreneur hopefuls can learn, grow, and thrive without letting money (or the lack of it) stop their progress.
That’s where Billionaire Space Baby comes into the picture. The concept for the NFT project—a release of 7,777 high-quality unique 3D artworks—is that each piece acts like a ticket onto the Billionaire Space Baby rocket ship. You buy the ticket to take the ride, then you’re part of the Billionaire Space Baby club as it blasts off into uncharted territory in search of success in all shapes and forms.
Because Billionaire Space Baby is more than just an NFT project. Billionaire Space Baby is a mindset. Billionaire Space Baby is a way of life. It’s a way to secure connections with industry leaders, rub shoulders with industry experts, and share aspirations with industry makers.
Billionaire Space Baby aims to change the way NFT holders look at making money and becoming financially independent.
Join the Billionaire Space Baby Founders to Realize Your Dreams
“For every different type of role in an NFT project, everybody needs to be on their A-game,” says Ace when thinking about the world-class team of artists, marketers, and developers he and Nick have brought together for Billionaire Space Baby. “Everything has to come together and align perfectly.”
For both Nick and Ace, things are aligning perfectly. The launch of the Billionaire Space Baby NFT collection is just the tip of an ever-expanding iceberg, and the Billionaire Space Baby founders are thrilled to find eager, energetic Space Cadets that want to see their dreams become realities.
“I forget about the prize and focus on creating something that people love,” says Nick. “Having an expression of ‘wow’ when they see a project that my team and I have created,” is what makes the juice worth the squeeze for him.
Ready to blast off with Ace and Nick as Billionaire Space Baby changes the NFT and crypto space? Not quite convinced? Read the Billionaire Space Baby white paper to understand why Billionaire Space Baby stands apart from every other NFT project out there.
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