Monday, August 25, 2008
How To Protect Your Credit History

Whether you want to avoid a high deposit when you turn on the electricity, rent an apartment, buy a car or boat, or finance a home purchase, nothing is more beneficial than a credit history that Online Masters Degrees From Oregon Schools well about your ability and willingness to responsibly manage your finances. Whether you are young and just starting out or have been around the block a Hard Equity 2nd Mortgage Lenders times, the time to guard your financial health is now and in the future.

No matter what stage Low Rate Homeowner Loans life you are in, it is important to know what is on your credit report. There are services that you can use to get copies of your report, for a fee, but there are also ways to get your credit report for free once a year. If you apply for any type of loan and are denied, you are also entitled by law to a free copy of your report. Get it, look at it, and make sure it is accurate. Any inconsistencies or errors should be taken care of. Keeping your credit in good standing should not be made more difficult by wrong information.

In addition to keeping an eye on your credit report, you should be careful about how you handle your credit cards and loans. By far, the two most important things are to:

1) Pay your bills on time

2) Keep your balances low or nonexistent.

You should try your utmost to pay off your credit card bill each month, but in order to do that, you must not overspend. If you can't afford something, you should do without it until you can save enough money to buy it, then charge it and use the money you saved to pay for it at the end of the month. If there truly is an emergency need such as a car repair or dental bill, go ahead and charge it if you have to, but be sure to cut back on other items if necessary and pay as much as you can on the balance. When you pay your bills by the due date or earlier, you help show your creditworthiness and provide evidence of your ability to handle money. If you Cheap Auto Insurance In Canada a payment or are late on one or more payments, the consequences can be harsh. Almost every credit card issuer or lending institution has penalties for late payments. They can often be as much as $50 or a percentage of your outstanding balance. Spending more money to pay late is wasteful and is reported to the credit agencies and decreases your credit score. It is just plain unwise. If you are the forgetful type, take advantage of automatic minimum payments through your bank or the credit card issuer; at least the minimum Florida Backruptcy 2nd Mortgage be paid if you get the flu and don't feel up to a trip to the post office or bury the statement under a pile of paperwork on the kitchen counter.

Remember, anything worth having is worth working for and worth protecting. Make the effort to control your spending, check your credit report every year, and pay your bills on time, and you will reap the rewards in lower interest rates and easier financing.

If You Can Read and Write at The 5th Grade Level I Can Show You How to Raise Your Credit Score Up to 249 Points in 90 Days! Raise Your Credit Score Now is the place to visit.

Check Out our Blog For More Informative Articles! Credit Repair Facts is a must.



Times Online
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AFP - 2 hours ago
BISHKEK (AFP) - A passenger jet belonging to an airline on a European blacklist crashed after take-off from the Kyrgyz capital Bishkek, killing 65 people, officials said Monday.
Video: 68 Die When Flight Headed to Iran Crashes AssociatedPress
Kyrgyzstan plane crash kills dozens CNN
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