Three Steps to Take to Avoid Bad Credit

August 4th, 2013 by admin

Good credit is more important now than it has ever been. Follow these three steps to restore or retain a good credit score.

Go On A Budget

This simple act has helped millions of people restore their credit. A budget allows you to see exactly where your money is going. This is helpful because many people don’t realize just how much they spend on unnecessary items.

Check Your Credit Report

You might be surprised how many errors can show up on a credit report. This Read the rest of this entry »

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Four Ways Students Can Build Credit

May 28th, 2013 by admin

Building credit in college can be easy. By taking advantage of these four methods, students can find themselves in a great position upon graduation.

1. Establish a Relationship at Your Local Bank

This can be done at home or near your university. By knowing your banker, you can easily obtain a loan or get a credit card so long as they know you to be a responsible customer.

2. Buy Dorm Items Same as Cash

When you purchase something at Read the rest of this entry »

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Student Credit Cards to Build and Develop Credit

March 23rd, 2013 by admin

It is important to develop a good credit rating as early in your adult life as possible. Good credit makes it easier to make major purchases, get insurance and even secure employment. As a parent, you can help your children establish their credit by getting them student credit cards. Because carrying a credit card is a huge responsibility, be sure to have a candid conversation with your children before putting an active credit card in their hands as they leave for college.

Explain to your children that their credit rating determines whether they will be able Read the rest of this entry »

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First-Time Credit Cards for Newcomers to the Country

June 3rd, 2012 by www.nacmgreatlakes.com

Establishing credit is an essential part of adulthood in America. If you have recently migrated to the United States of America, this guide will walk you through the process of obtaining credit and building your credit score. Once you have obtained a job and a place to live, you are ready to start building your credit.

Paying your bills on time is the first step. This includes all your regular monthly expenses: rent, utility bills, service or product bills, loan payments, credit card charges and other regularly occurring expenses. Child support, and quarterly tax payments also fall into this category.

Credit should be applied for carefully, after looking at interest rates and charges associated with the card. Ideally, you want a card with a low interest rate without any charges to use the card.

The next step is to build a strong payment pattern. You do this by charging all your everyday living expenses, and then paying the entire balance due fully when the bill arrives. Be sure to move the money from your checking account, so that it is available when the bills arrive. Never use a credit card to finance expensive items- obtain a loan or save the money needed instead.

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Establishing Credit with a Co-Signer

May 22nd, 2012 by admin

Establishing credit with a co-signer is almost a must in hard times or when you’re young. Credit is a difficult thing to manage and can take a long time for you to establish any. First off, many creditors won’t approve any type of loan or credit without a co-signer for younger applicants that have little or no credit. A co-signer that is willing to risk that type of credit or loan is important because it makes them responsible for the loan or credit that is being applied for. But having a co-signer helps you in a lot of ways. Read the rest of this entry »

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How Often Do Secured Credit Cards Report to Credit Agencies?

May 9th, 2012 by admin

Bad credit is best remedied with a secured credit card. Credit scores influence a number of things. Good credit is needed to rent an apartment, buy a home or lease an automobile. Improving credit is best done with a credit card that will make regular reports to the three credit reporting agencies. Some credit card companies will issue reports to the credit agencies on a monthly basis. These reports will quickly boost anyone’s credit score. Secured credit cards also offer a number of benefits to consumers.

Secured credit cards are usually Read the rest of this entry »

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Where to Find Free Secured Credit Cards

May 5th, 2012 by admin

Start by reading “The Richest Man in Babylon” by George Samuel Clason. The book tells how a slave became the richest man in Babylon with one simple investment rule. The rule is: Pay yourself first. Pay yourself 10 of your earnings. Doing this will help you manage all your accounts, such as checking, savings, credit cards or other investments.

Using this rule is the easiest and simplest way to obtain a free secured credit card. Open a savings account and put 10 of your earnings in it until you have 300 to 500.Check out this link Three Steps to Take to Avoid Bad Credit

  • Four Ways Students Can Build Credit
  • Student Credit Cards to Build and Develop Credit
  • First-Time Credit Cards for Newcomers to the Country
  • Establishing Credit with a Co-Signer
  • How Often Do Secured Credit Cards Report to Credit Agencies?
  • Where to Find Free Secured Credit Cards
  • Using Secured Credit Cards to Establish Credit
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