Derick Vogel

Credit Advisor & Owner, Credit Absolute

Derick Vogel is a Credit Expert and CEO of Credit Absolute, a credit counseling and educational company based in Scottsdale, Arizona. Derick has over 10 years of financial experience and specializes in consulting mortgages, loans, specializes in business credit, debt collections, financial budgeting, and student loan debt relief. He is a member of the National Association of Credit Services Organizations (NASCO) and is an Arizona Association of Mortgage Professional. He holds credit certificates from Dispute Suite in credit repair best practices and in Credit Repair Organizations Act (CROA) competency.

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Forum Comments (1)

What counts as a good credit score and how do I improve mine?

Credit cards are 30% of the credit score. I don't know if you have a credit card, but one of thing that can affect your score is how you manage credit card debt. A lot of people are overextended, and so even when they pay their credit cards on time, and let's say have perfect payment history, but they're charging more than 50% of the credit limit, that destroys your credit, even if you pay perfectly and never miss a payment. It's important that people just make sure they're aware of how to pay the credit cards so the high balance doesn't report. And remember that payment history is 35% of our credit score. So one late payment can affect somebody's credit score 50 to 100 points negatively, just one day late pay. Just being very conscious of what's on your report and making sure that you're managing it. You want to keep the balances under 10% of the limit. That's where you're going to see a drastic improvement in your credit scores and is the fastest way to maximize your scores

Q&A Comments (36)

How do I choose a good credit counselor?

Look at reviews on Google, Yelp, and the Better Business Bureau and make sure they're consistent. Also, make sure the company isn't asking for any money up front. Ideally the company has a brick and mortar office and they've been in business for a while.

How can I build my credit starting at a young age?

Once you get a credit card, try to only use 10% of the maximum balance and pay off what you spend every month.

If I'm unemployed, how do I deal with credit card debt?

First, you should call all your creditors and let them know you lost your job and are looking for help in deferring the payments. Ask them to send confirmation in email if possible. By deferring the payment, you'll be allowed to find a job without having to make the minimum payments and getting any penalties and 30 day late payments. However, if you can make the minimum payment, then at least do that.

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Derick Vogel

Forum Comments (1)

Q&A Comments (36)

Co-authored Articles (16)