Toby Wolford NMLS 140536

07/14/2023

Nice words from an amazing client!

05/20/2023

Open House this Sunday 2-4pm!!

03/22/2023

Thought this was interesting regarding financial literacy by generation. Millennials seemed the most confident before they took the test compared to Gen X and Baby Boomers that were not as confident but then scored better.

03/08/2023

This loan product is becoming more popular. Reach out to me for more information.

03/01/2023

Most schools unfortunately don't teach our children about credit and credit scores. I've found by adding your child as an authorized user at around age 17 helps them start building credit. This is also a good tool to monitor their spending and really show and teach about credit and how it works.
When they apply for credit at 18 they can avoid having to get a secured credit card as they will have a very good score.

Become an Authorized User
See if a family member with good credit will add you to one of their credit cards as an authorized user. You'll receive your own credit card you can use to make purchases. You can (and should) also make payments for your purchases, but the primary cardholder is ultimately responsible for the bill. Many, but not all, credit cards report authorized user activity to credit bureaus. If so, your credit report will show the card's credit limit, how much of the available credit is used (credit utilization) and the card's payment history. Assuming the primary cardholder manages the account responsibly, this will all reflect well on you. However, if the primary cardholder pays late or builds up a big balance, it won't benefit your credit.

02/24/2023

Rent in the Upstate and surrounding cities.

02/23/2023

Clients get bombarded with calls, emails and letters in the mail after credit is pulled. Good idea to opt out!

02/23/2023

Get a lot of questions about this topic. There can be variability in the Credit Karma score vs. the Fico Score which can make it tough for clients to understand. I do think it's awesome that nowadays more people know their score and have a little bit of knowledge about how it's calculated.

02/22/2023

02/17/2023

A lot of people don't realize that credit utilization can hurt your credit score.

Here is what Experian says regarding this topic:

Pay Down Revolving Account Balances

Even if you're not behind on your bills, having a high balance on revolving credit accounts can lead to a high credit utilization rate and hurt your scores. Revolving accounts include credit cards and lines of credit, and maintaining a low balance on them relative to their credit limits can help you improve your scores. Those with the highest credit scores tend to keep their credit utilization ratio in the low single digits.