If your credit need some work, these next months may be tough.

​"Federal Reserve Chair Jerome Powell's guidance that the U.S. central bank will most likely raise interest rates by 50 or 75 basis points in July is "reasonable," Richmond Fed President Thomas Barkin said on Tuesday, even as he cautioned against the bank moving so fast that it damages the economy.

"I am pretty comfortable with what Jay (Powell) said. ...He gave a range that feels pretty reasonable," Barkin said during a webinar held by the National Association for Business Economics.

The Fed is poised to deliver another bigger-than-usual rate hike at its next meeting in July as it seeks to tame inflation running at more than three times its 2% goal, with fears growing that the economy will tip into recession as a result.

Barkin repeated that the Fed will have to make monetary policy restrictive, but said data and judgment would guide the central bank as its tackles "high, broad based and persistent" inflation.

"You really don't want to inadvertently break something and lead to a significant pullback in the reactions of economic actors that you weren't anticipating. It is a fine balance and I think judgment plays a huge part," Barkin said, noting that he is focused on trying to get to positive forward looking real, or inflation-adjusted, rates.

Last week on the heels of another report that showed price pressures escalating more than expected, the Fed raised interest rates by three-quarters of a percentage point to a range of 1.50%-1.75%. It now forecasts borrowing costs will more than double that level over the next six months.

Several policymakers, including some previously more wary about sparking a sharp rise in unemployment, have backed the new whatever-it-takes approach.

Powell's pledge of an unconditional war against price increases that are draining American pocketbooks will be scrutinized by U.S. lawmakers on Wednesday and Thursday during two days of regularly scheduled hearings, held semi-annually, before Congress.

Barkin said he remains hopeful that a lot of pandemic era price pressures will ease and inflation start to ease in short order, but gave no timeframe for when it might return to the central bank's goal.

Research released by the San Francisco Fed on Tuesday showed supply issues account for around half of the run-up in current inflation levels, underscoring the difficulties Fed policymakers face in taming inflation due to factors outside their control.

Critics contend that the Fed has been too slow to act to bring down inflation which it argued last year was transitory. The more aggressive fight needed to quash surging price pressures will lead to a downturn as it cools demand across the economy, they added.

The clamor for a repeat of last week's 75 basis point increase in borrowing costs, the biggest hike in more than 25 years, has already begun from some quarters. Fed Governor Christopher Waller has called for the same sized move at the next meeting in July, saying the central bank is now "all in" on restoring price stability." - Sourced from Thomson Reuters

Credit cards are a great tool to have when used in moderation. However, using a credit card too much can have negative effects. U.S. consumer credit rose more than expected in April as Americans maintained a strong pace of credit card usage to fund purchases at a time of high inflation. The reliance on credit cards as borrowing costs rise could pose a challenge for consumers down the road. Thus far many measures of consumers monthly or quarterly debt obligations as a share of income remain near record lows. Along with these negative impacts, using credit cards too much leads to a poorer credit score. This is due to the fact that credit card utilization will eclipse the optimal range of 10-30% when a card is used too many times. Keep using those credit cards, but make sure to do it in moderation and in amounts you can pay back!

Are you sick and tired of being sick and tired of your credit score? Of course you are! No one likes dealing with bad credit, especially in today's world where it seems like everything from a job interview to an apartment application hinges on what's in your credit report. But there is hope! If you're located anywhere in the Las Vegas Valley or Henderson area, Fix My Credit NV can help. We've been working for years to help people restore their credit and raise their scores through a process called "tradelines." It's fun, it's easy, and we'll walk you through every step of the way.

Do you feel overwhelmed by your credit score?
If so, you’re not alone! The average American has a credit score between 300 and 850. A good score can help you save money on everything from insurance premiums to interest rates for loans. In addition, some employers use credit reports when considering job applicants or hiring new employees. Credit scores also play a role in determining eligibility for renting an apartment or buying property.

Have you been denied for a loan or even a job because of your credit?
If you've been denied for a loan or even a job because of your credit, then we can help. We understand how important it is to have excellent credit. We will review all the mistakes on your report and help you fix them so that you can be approved.

Are you stuck in the endless cycle of monthly payments that never seem to get you anywhere?
It can be easy to get trapped in a cycle of debt, credit and credit repair. The cycle starts when you need money for something important like school or medical bills. Because you don't have enough cash, you take out a loan from the bank. When it comes time to pay back this amount plus interest, you borrow more money from another bank to pay off your first loan. Then when it comes time to pay back this second bank, guess what? You take out another loan with yet another bank!
This endless loop has been going on since before you were born and will keep repeating itself until the day that we all die (or at least until someone invents an android capable of paying off all of our debts). But there's always hope! If only there were some way to break free from these chains forever…

If you answered "yes" to any of the above questions, you need Fix My Credit NV. We're a licensed and bonded company serving the Las Vegas Valley and Henderson area that specializes in credit restoration and raising your credit score through a process called “tradelines." We've helped thousands of people improve their credit scores and we can help you too! What makes us different is our ability to improve your credit score while simultaneously minimizing the effects it will have on your current liabilities. If a creditor has reported negative information on one of your tradelines, we will dispute it with the 3 major credit reporting bureaus each month until they delete it. One of things about this process is that every time we dispute it, the negative information is considered "new" and thus requires them to reinvestigate it – meaning your creditor may have to verify their claim with proper documentation. Now, let's say this happens over 10 months–10 times– then it's quite possible (and even likely) that after some time they'll lack the appropriate documentation and be forced to remove the negative information from your file.

Fix My Credit NV is the name you can trust for quality credit repair services. Our team is fully licensed and insured, so you can rest assured that we have your best interest in mind at all times.
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Our credit repair service provides an affordable solution to fixing errors on credit reports that negatively impact your ability to get approved for new loans or lines of credit. It's important to understand that there are many different types of negative information which may appear on a person's report, including:

• Late payments or defaulted accounts
• Collection accounts or judgments against them
• Foreclosure proceedings regarding their home

With Fix My Credit, NV you can rest assured that your credit score won't be negatively affected by the services we provide. We have the experience and resources to help you improve your credit score without hurting it in the process. If you're struggling with debt or have questions about our services, call us today at 702-720-4439 and let us show you how easy it really is to get started on improving your financial situation!