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Further
Reading ...
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While You're Waiting - Robert F Abbott
Not long ago, I made a partnership pitch, on behalf of an organization I represent, to another organization with similar interests. If the idea had come to fruition, it would have radically changed our organization. So, you can imagine my impatience...
Prepaid cell phone plans: Great option or Last Resort? - Syd Johnson
There was a time when prepaid plans were marketed mostly to people with poor or bad credit. Now, prepaid plans are being marketed as a great alternative to unlimited plans. Here are a few things to consider before you sign up for your prepaid. ...
The 37-Cent Career Design Secret - Pete Hill CPRW
There is one little practice that is vital to generating the interest of potential employers. It is critical, but very few job seekers actually do it. What is it? The THANK YOU NOTE! Interview experts agree that EVERY job hunter MUST send...
USP on eBay - Greg Hayes
If you have dabbled at all in the world of Internet marketing, you may have heard the term "unique selling proposition" or USP. USP is a technique that Internet marketers use to set themselves apart from the competition. Internet marketing is highly...
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4 Steps to Establishing Good Credit
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Written By:
James H. Dimmitt
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As a consumer you’ve learned the importance of establishing a good credit rating with your lenders. Whether you are shopping for a new home or auto, or searching for the best deals on insurance, your credit worthiness will be judged by your credit rating or credit score.
A bad credit history or bad credit habits will place “black marks” on your credit profile. These include things such as late payments, having an account assigned to a collection agency, and of course bankruptcy.
Establishing good credit habits and therefore a good credit rating will improve your credit worthiness. This will be reflected in potential lenders offering you substantially lower interest rates and better deals on credit offers.
Here are 4 tips to help you create a shining credit profile:
1) Pay Your Bills On Time
Lenders only have your past payment history on which to decide the type of credit risk you present to them. How you pay off your debts now indicates to them how you will pay off future debts.
2) Don’t Carry Too Many or Too Few Credit Cards
How much is too much ? How little is too little ? Many credit experts and financial planners suggest two to four credit cards is just the right mix.
3) Pay At Least The Minimum Due
Always pay at least the minimum due payment, but never less. And remember, just paying the minimum payment means it will take you years and years to pay off that credit card.
Example: - continued below ...
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continued ...
Paying off a $2,000 credit payment at 18% APR with a minimum monthly payment of 2% ($40 dollars or less) will take you 30 years to pay off the amount plus interest.
4) Review Your Credit Report Regularly
Monitor your credit report from all three major credit bureaus - Experian, TransUnion, and Equifax - on a regular basis. Check your credit profile at least annually. Review it carefully and make sure that any past mistakes or disputes have been corrected.
Also, if you notice an account listed that you know that you have not personally opened, contact that creditor and the credit bureaus immediately. This could be a sign that you’ve had your identity stolen. Request to have a fraud alert placed on your profile and account to protect yourself and your credit. Identity theft is the fastest growing consumer crime in America, with an estimated 1 million people victimized each year.
Establish good credit habits early in life and reap the benefits that your good credit rating will provide you for the rest of your financial future.
© 2003, Your Free Credit Report Now
Author: James H. Dimmitt.
Get your FREE credit report online now and subscribe to our FREE weekly newsletter “TO YOUR CREDIT”.
Visit http://www.yourfreecreditreportnow.com for more information.
jimdim815@aol.com
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| _Additional Resources ... |
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Top 10 Ways to Spot a SCAM Sportsbook - Bill Dozer SBR Analyst
A sports bettor has a difficult enough time attempting to beat the odds without adding extra risk by not researching his sportsbook or monitoring its business. Just as a racecar driver will always check his equipment and wear his seatbelt, the...
New Style Network Marketing - Why Professionals are Rushing to Join! - Kim Beardsmore
There is absolutely no doubt. Network marketing or MLM is now attracting a new type of person. The wave of new style network marketing is having an unprecedented appeal to professional business people. In the past, MLM has been dismissed by...
Reasons for individual, corporate and national success and - Diane M Hoffmann Ph D
Reasons for individual, corporate and national success and prosperity. from Diane M. Hoffmann How would you like to be a person who had earned your credibility through writing 35 books and producing more than 300 audio and video learning...
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