Aaron Community Cultural Center and LARE, LLC
The Aaron Community Cultural Center is the dream and vision of Major Trooper Andrew Aaron. His dream is to provide housing and Employment Training, Entrepreneur and Jobs to individuals the inter city. This is a work in progress that need funding via Grants, Sponsorship, and volunteering from Youth doings Community service, seniors and corporate volunteers who want to give back. In short it "will take a Village" to transform lives and the Los Angeles Community.
What is LARE, LLC?
The Aaron Community Cultural Center and LARE is committed to the cause of helping individuals have employment opportunities as internet marketers, helping credit challenged individuals through credit restoration, helping small businesses obtain business funding, and helping make shared housing available for community members in need of temporary housing assistance.
Please visit our websites for further information @ WWW.ACCCBSM.COM and Join Our Community.
ACCC and LARE help entrepreneurs pay their debt down. They educate and provide them with personal growth and financial literacy tools to help them with wealth creation. They are allowing a lot of the entrepreneurs to become free affiliates so they can make extra money by paying the program forward to other entrepreneurs who need assistance to either start or enhance their business. They have developed a system to help affiliates think things into a higher level of existence by educating them on how to engineer the life they want. How to bring out the best of themselves each day and living a life without limits!
Thank you for your support of Aaron Community Cultural Center.
If you have additional questions please contact Andrea at 800.527.4184.
WHAT IS A CREDIT SCORE:
A credit score is a number that reflects your risk level, as an individual, to a lender. The higher the number, the lower the risk will be to the lender. As you apply for increased credit or attempt to make a purchase, the lender will check your ability to pay back that loan. The more negative marks you have on your credit report, the less likely you will be granted the loan or purchase you requested.
What Lender Look for Prior to Lending You Money
Establishing Credit is Only the First Step. Establishing a good credit history takes time. There are no shortcuts or tricks that can take you from no credit at all to a high score in a matter of months. Remember - your credit score is based on a number of factors such as payment history, length of time you’ve had credit, how much you owe and much more. Here are a few “don’ts” to keep in mind:
Don't overdraw your bank account. You will be charged fees, and you can damage your credit record.
Don't miss payments on bills or loans. Late payments count against you.
Don't let other people use your bank account, credit card, debit card or ATM card. You are responsible for what they do with it.
Don't leave utilities (gas, water, telephone, electric, cable) in your name if you move. Always close out or transfer all accounts before you move. If accounts are in your name, they're still your responsibility.
Don't forget to account for recurring bills on your credit card, such as subscriptions or club dues.
Another important factor lenders look at is your employment history. They want to see if you are able to hold a job or if there are periods of unemployment. Your ability to hold a steady job can improve the likelihood of getting approved.
Lenders will also look to see how often you move and whether you rent or own. As with employment history, it pays to have a stable residence.
Even without a credit history, it is possible to sign up for many utilities in your own name. Having an electric or gas bill, telephone, cable, or water service in your name also helps. Just having your name on these accounts won’t establish a credit score, but it can be helpful for first-time borrowers.
Get a secured credit card. To obtain this type of card, you deposit a specified amount of money into a financial institution who will then issue you a bank credit card. The amount you deposit is your credit limit. After you maintain that account in good standing for a while, you may be able to obtain a regular credit card or loan.
What Items Are In Your Credit Report?
IDENTIFICATION INFORMATION - name, address, date of birth, and names of employers. Most of this data comes from information you fill out on credit applications.
TRADE LINES - all of your credit cards and other accounts; the date that you opened the accounts, your credit limit, high balance, current balance, and payment history, etc.
CREDIT INQUIRIES - voluntary and involuntary inquires including account review inquiries (from your current lenders), hard inquiries (for new loan or credit applications) and promotional inquiries (for credit card companies and other solicitation offers).
PUBLIC RECORDS - bankruptcies, foreclosures, wage garnishments, liens and judgments, and collection accounts.
Items That Are Not Included In Your Credit Score
Although this information may appear on your credit report, it is not taken into consideration for your credit score:
Age, Race, color, religion, nationality, sex or marital status
Where you liveOccupation, salary, employer, length of time employed,
Interest rates charged to you on credit cards or other account
Any item reported as child support or rental history
Certain types of inquiries (consumer initiated inquiries or promotional inquiries)
What Goes Into Calculating My Credit Score???
Payment History (35% of your score)
Current payment record for car loans, mortgages, retail accounts, installment loans, credit cards, etc. on paid as agreed accounts
Public records (bankruptcies, foreclosures, wage garnishments, liens and judgments)
Severity of delinquency (length of time past due)
Amount past due on accounts or collections
Recency of delinquency or public record or collection
Number of past due or derogatory accounts
Payment History Tips
Pay your bills on time (new late payments and collections have the largest impact on the score.)
If you are past due for any reason, Get Current! (The longer you remain current and pay your bill on time, the higher your credit score will be).
Be careful about closing accounts (this may result in losing valuable credit score points associated with that account).
Amounts Owed (30% of your score)
Amounts owed on revolving accounts
Total amount owed on all accounts
Number of accounts with balances
Proportion of balance to credit limits on revolving accounts
Proportion of balance still owing on installment accounts
Amounts Owed Tips
Keep balances low on credit cards and other revolving accounts. A general rule of thumb is to keep your balances below 30% of the credit limit or high balance.
Pay off debt instead of moving it around. (One of the most effective ways to improve your credit score is to pay down the balances on your credit cards or other revolving accounts. Owing the same amount but having fewer open accounts may result in a lower credit score. Keep as many of your revolving account below 30% of the credit limits of high balance. It may be beneficial to consolidate debt into one account, if you can get two or more account balances below 30% of the credit limit or high balance that were otherwise above that limit).
Don’t open new accounts to increase your available credit. (This can backfire and actually lower your score)
Length Of History (15% of your score)
Age of accounts
Number of recently opened accounts
Time since account activity
Proportion of new credit vs. established credit
Re-establishment of new credit following adverse payment problems
Length Of Credit History Tips
If you have a relatively new credit history, stay away from opening new accounts too rapidly. New accounts may bring the scores down temporarily, especially if you have a lack of credit or a lack of established credit history. Rapid account buildup can be seen as a risk factor.
Re-establish yourself after prior payment history problems. Opening new accounts responsibly and paying them off on time will increase your credit score in the long term. This is not a suitable strategy for increasing the scores in the short term.
Too many consumer finance companies can be seen as an adverse factor (creditors known to lend to consumers with less than perfect credit history).
Types Of Credit Used (10% of your score)
The number of various types of accounts (credit cards, retail accounts, installment loans, mortgages, consumer finance accounts, etc.)
Types Of Credit Tips
Apply for and open accounts only as needed. (Opening new accounts is not a short-term solution.) It is a good rule of thumb to have 3 open and active revolving accounts along with 1 to 2 installment accounts and one mortgage.
New Credit/Inquiries (10% of your score)
Number of recently opened accounts
Number of recent inquiries
Time since inquiry
Time since account opening
Your credit score takes into consideration all of these factors. In some situations, one factor can have a larger influence on one person's credit score. This depends on each individual credit situation and credit history.
A credit inquiry will appear on your credit report when your credit report is pulled for purposes of extending credit or by your current lender for other purposes.
These inquiries affect your credit score. When you apply for a mortgage, auto loan, credit card or other type of account, you authorize the lender to obtain a copy of your credit report. These types of credit inquiries, when prompted by your own actions, appear on your credit report and will impact your credit score. Avoid an excessive amount of inquiries. Excessive depends on the depth of the credit profile. More than 5 inquiries may be excessive for people with a lack of credit. If you are shopping for a mortgage or automobile and you know you will incur multiple inquiries, make sure you have your credit pulled within in a short, focused amount of time. Depending on which scoring system you are dealing with, you may have a 15-day, 30-day or 45-day window to shop for and apply for credit for the purpose of obtaining a mortgage of automobile financing, thus incurring inquiries without the inquiries counting against you separately. The scoring system recognizes that you are shopping and will count the multiple inquiries as a singular inquiry, if it falls within the allotted timeframe.
Account Review Inquiries & Consumer Based Inquiries
These types of inquiries do not affect your credit score. When you choose to pull your own credit report through an online resource, it is considered a consumer-based inquiry and will not affect your credit score. Also, many of your creditors or collection agencies have the ability to pull your credit report to review your account activity. Credit reports pulled by a prospective employer when applying for employment will not affect your score.
In many cases a company will pull your credit report in order to send you pre-approved credit offers or other promotional offerings. These inquiries do not affect your credit score. To prohibit the ability of creditors pulling your credit report for promotional purposes you must OPT Out by calling 888-867-8688.
If you want more information please go to
OR Call 800.527.4184