Establishing a healthy credit history is a responsible action of mature adult and very important to ensure a financially bright future. With the escalating costs of goods and services, it is critical you work towards this goal. In a previous blog, I wrote about five actions that help your credit score, but what about behaviors that hurt your credit score? Ask yourself if any of the following five situations pertain to you.
1. Missing a Creditor Payment
This may sound like a no brainer, but miss... [More]
A credit score is a three digit number, usually ranging from 300 to 850; the higher the score, the better the credit risk, and by having a better credit risk you could be offered more attractive interest rates on loans. The three main credit bureaus used to evaluate credit worthiness are Equifax, Experian, and TransUnion. Each of these credit bureaus has a slightly different credit range they use when making decisions. If your credit is run and found to be not at the level you expect, don&rsquo... [More]
It's that time of the month again; the bills are piling up and accumulating in a growing stack on the nearest table. You may let a day or two (or more) go by before opening them because you know what awaits your attention – a dreaded credit card bill. Don’t worry. You have the power to take control of your financial situation and to free yourself from credit card debt. By following these five steps, you can confidently state, “The check’s in the mail,” and mean it!... [More]