If you’re looking to make a larger investment, such as a car or a house, you’re probably looking for ways to raise your credit score — or you may not have any score at all if you’re concerned about opening your first credit card! If either of these situations applies to you, we want to let you in on five of the top myths that may be keeping your credit score low. Read on to learn the quick and simple fixes that you can use today to reverse the effects of these credit score limiters.
1. Credit cards are inherently financially “risky” and shouldn’t be used.
If you opt not to use credit cards, this could put you in a place of financial hardship later. If you’re looking to make larger-scale investments, lenders will want to see a history of credit use and repayment to help them assess the potential “risk” of giving you the loan. Ideally, you’ll want to work toward a debt-free or a debt-reduced lifestyle, but a small to moderate amount of “debt” is necessary in order to show your history and regularity of payment. You can make this necessary evil work for you by using credit cards that offer additional benefits with each expenditure, like cashback cards or travel-specific cards.
2. Credit repair companies actually fix your credit.
There is no way to confidently pass off your credit report and personal information to a repair agency and expect overnight fixes. In fact, there are many more ways that you could be put at a disadvantage. Many credit “repair” companies are scammers in disguise, looking to get as much personal information as possible to do what they want with. You may see these agencies advertising on social media, or message board sites. If you choose to use these types of companies, you should consider doing thorough research and reviewing their rankings on the Better Business Bureau. Legitimate services will work with you to remove inaccuracies that may be listed on your credit report, get your outstanding lender ledger current, and offer you insight and financial strategy to help you move toward a goal of debt reduction.
They will also show you several “green flags” that will prove their legitimacy. When working with a credit repair company, you can expect to not be charged until services are performed. They will also explain to you that you are legally allowed to resolve your credit concerns on your own. If you notice that they are attempting to charge your card upfront when services have not been performed, or are saying that they can “reset” or “clean” your report, it’s best to avoid it altogether. Those are signs of a credit repair scam.
3. Checking your credit score causes it to lower.
This is a common myth, but it is altogether untrue. Professional inquiries submitted to reporting agencies by lenders can cause your score to dip if too many inquiries are submitted in a given time. However, using free tools such as Experian and others to gain insight into your personal credit score will not put you at risk for a lower overall score. In fact, this is very important to do, as you can shift your strategy to meet your financial goals quicker. Your greatest tool in the toolkit for financial success is knowledge, and knowing where your credit health is, is a great way to take steps to true financial freedom.
4. If you can’t make a payment, there aren’t any options available to you.
Unexpected financial hardship happens. Whether you’re dealing with illness, death, loss of a job, or something else, it’s always best to communicate with your lender as soon as you are doubtful that you will make your payment date. Often, you may be eligible for temporarily lower payment rates, or delayed payment altogether until your situation improves.
Facing bankruptcy? Ascent Law can help!
If you’re facing bankruptcy, you don’t have to struggle alone. The experts at Ascent Law are here to help you to navigate your next steps to financial health. For more information and a free introductory call, please visit our website, or connect with us today at (801) 432-8682.
Salt Lake City
Salt Lake City, Utah
|City of Salt Lake City|
“The Crossroads of the West”
|Named for||Great Salt Lake|
|• Type||Strong Mayor–council|
|• Mayor||Erin Mendenhall (D)|
|• City||110.81 sq mi (286.99 km2)|
|• Land||110.34 sq mi (285.77 km2)|
|• Water||0.47 sq mi (1.22 km2)|
||4,327 ft (1,288 m)|
|• Rank||122nd in the United States
1st in Utah
|• Density||1,797.52/sq mi (701.84/km2)|
| • Urban
||1,021,243 (US: 42nd)|
| • Metro
||1,257,936 (US: 47th)|
| • CSA
||2,606,548 (US: 22nd)|
|Time zone||UTC−7 (Mountain)|
|• Summer (DST)||UTC−6|
|Area codes||801, 385|
|GNIS feature ID||1454997|
|Major airport||Salt Lake City International Airport|
|Website||Salt Lake City Government|
Salt Lake City (often shortened to Salt Lake and abbreviated as SLC) is the capital and most populous city of Utah, as well as the seat of Salt Lake County, the most populous county in Utah. With a population of 199,723 in 2020, the city is the core of the Salt Lake City metropolitan area, which had a population of 1,257,936 at the 2020 census. Salt Lake City is further situated within a larger metropolis known as the Salt Lake City–Ogden–Provo Combined Statistical Area, a corridor of contiguous urban and suburban development stretched along a 120-mile (190 km) segment of the Wasatch Front, comprising a population of 2,606,548 (as of 2018 estimates), making it the 22nd largest in the nation. It is also the central core of the larger of only two major urban areas located within the Great Basin (the other being Reno, Nevada).
Salt Lake City was founded July 24, 1847, by early pioneer settlers, led by Brigham Young, who were seeking to escape persecution they had experienced while living farther east. The Mormon pioneers, as they would come to be known, entered a semi-arid valley and immediately began planning and building an extensive irrigation network which could feed the population and foster future growth. Salt Lake City’s street grid system is based on a standard compass grid plan, with the southeast corner of Temple Square (the area containing the Salt Lake Temple in downtown Salt Lake City) serving as the origin of the Salt Lake meridian. Owing to its proximity to the Great Salt Lake, the city was originally named Great Salt Lake City. In 1868, the word “Great” was dropped from the city’s name.
Immigration of international members of The Church of Jesus Christ of Latter-day Saints, mining booms, and the construction of the first transcontinental railroad initially brought economic growth, and the city was nicknamed “The Crossroads of the West”. It was traversed by the Lincoln Highway, the first transcontinental highway, in 1913. Two major cross-country freeways, I-15 and I-80, now intersect in the city. The city also has a belt route, I-215.
Salt Lake City has developed a strong tourist industry based primarily on skiing and outdoor recreation. It hosted the 2002 Winter Olympics. It is known for its politically progressive and diverse culture, which stands at contrast with the rest of the state’s conservative leanings. It is home to a significant LGBT community and hosts the annual Utah Pride Festival. It is the industrial banking center of the United States. Salt Lake City and the surrounding area are also the location of several institutions of higher education including the state’s flagship research school, the University of Utah. Sustained drought in Utah has more recently strained Salt Lake City’s water security and caused the Great Salt Lake level drop to record low levels, and impacting the state’s economy, of which the Wasatch Front area anchored by Salt Lake City constitutes 80%.
About Salt Lake City, Utah
Neighborhoods in Salt Lake City, Utah
Poplar Grove, The Avenues, Ballpark, Lower Avenues, Downtown, Woodbury, Central City, Neighborhood House, Salt Lake City Community Development, Rio Grande, The Neighborhood Hive, Neighborhood Services, University Neighborhood Partners, Salt Lake City, Neighborhood Auto Service, Sunnyside Park, Building at Rear, 537 West 200 South, Washington Square Park, Area 51, Brigham Young Historic Park
Things To Do in Salt Lake City, Utah
Bus Stops in Salt Lake City, Utah to Ascent Law LLC
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Reviews for Ascent Law LLC Salt Lake City, Utah
We've gotten divorce and child custody work from Ascent Law since the beginning because of my ex. We love this divorce firm! Staff is gentle, friendly and skilled. Tanya knows her stuff. Nicole is good and Ryan is fun. Really, all the staff here are careful, kind and flexible. They always answer all my questions, explain what they're doing and provide great legal services. I personally think they are the best for divorce in Utah.
I have had an excellent experience with Ascent Law, Michael Reed is an absolutely incredible attorney. He is 100% honest and straight forward through the entire legal process of things, he also has a wonderful approach to helping better understand certain agreements, rights, and legal standing of matters, to where it was easy to know whats going on the entire process. I appreciate the competency, genuine effort put forth, and assistance I received from Ascent and attorney Michael Reed, and I will be calling these guys if ever I have the need again for their legal assistance! 5star review Wonderful attorneys!
This review is well deserved for Ryan and Josh. New clients should know they are worth the 5 star rating we give them. We needed 2 sessions from them because of the complexity of the matter, but they are both very passionate about his helping others in need. My sister needed bankruptcy and I needed divorce. Sometimes they go hand in hand but a large shout out to this team - also Nicole is one of the sweetest people you ever did meet - she offered me warm cookies!
Mike Anderson and his colleagues & staff are knowledgeable, attentive and caring. In a difficult and complex case that eventually went to trial, Mike was the voice of reason and the confidence I needed. His courtroom abilities are amazing and I felt his defense of me was incredible. His quick thinking and expertise allowed for a positive result when I felt the World was crumbling. His compassion, after the case, has helped me return to a good life. I trust Mike and his staff. They are friendly and very good at what they do.
I worked with Attorney Alex and Paralegal Ami in my divorce case. I got to know the team very well over the course of two years. I cannot think of a better team to have worked with. Ami and Alex are not only exceptional law professions who are very knowledgeable and thorough, they are also the best human beings who empathize with the emotions I was experiencing. Alex was conscious of my budget and worked efficiently to try to reduce unnecessary legal expenses. My case also involved some dealings with a foreign country that Alex and his team had previously dealt with. They did an amazing job addressing cultural barriers in a very respectful manner and did not fall short in quality of work or in standards when dealing with some of these new challenges. Ami deserves a medal for being extremely professional, calming, and compassionate when it is needed most. When you need family law attorneys, call this firm. I now feel I can move forward with grace and dignity.