Improving Your Credit

  Learn about Credit and how it Works   By understanding credit scores and how they work, you can manipulate credit to your advantage.  Once you have the knowledge, you can take a critical look at your financial situation and credit score.  From there you can make a plan to improve your credit.   Understand Your Credit Needs   You need to learn about what you want vs what you really need.  If you get credit every time you simply wanted something you can’t afford, it can lead to financial disaster. Limit your credit to things you actually have to have, like a home or car, for instance.   Create a Spending Diary   Use a computer bookkeeping program like Quicken to keep track of your expenses and spending. Balance your checkbook every month using this program. You will see how you’re spending your money and how much income you really have.   Evaluate Your Income to Expenses Ratio   Take a good, hard look at how much money is coming in and how much money you are putting out in spending cash, credit cards, loans, living expenses, etc.   Reduce Spending   If you are spending more than you are taking in then create ways to cut back on spending. Possibly you can go on a less expense vacation, eat at home more often, purchase clothing from the sale rack, and always avoid buying on impulse.   Live on a Budget   Create a budget and stick to it.  Make sure that the budget you create is realistic and it is possible to live on it. If you go too strict then you will quickly abandon it. So, put some serious thought into your expenses and develop a budget.   Credit Options   Only after you are living within your means should you seek out credit options to start building your credit score.  Make sure you are living on your budget for several months and are comfortable before taking on new debt to build your financial future.   Learn More about Credit   Subscribe to our mailing list or blog to learn more about how you can improve your lifestyle and financial future by building your credit score.
Learn about Credit and how it Works By understanding credit scores and how they work, you can manipulate credit to your advantage.  Once you have the knowledge, you can take a critical look at your financial situation and credit score.  From there you can make a plan to improve your credit. Understand Your Credit Needs You need to learn about what you want vs what you really need.  If you get credit every time you simply wanted something you can’t afford, it can lead to financial disaster. Limit your credit to things you actually have to have, like a home or car, for instance. Create a Spending Diary Use a computer bookkeeping program like Quicken to keep track of your expenses and spending. Balance your checkbook every month using this program. You will see how you’re spending your money and how much income you really have. Evaluate Your Income to Expenses Ratio Take a good, hard look at how much money is coming in and how much money you are putting out in spending cash, credit cards, loans, living expenses, etc. Reduce Spending If you are spending more than you are taking in then create ways to cut back on spending. Possibly you can go on a less expense vacation, eat at home more often, purchase clothing from the sale rack, and always avoid buying on impulse. Live on a Budget Create a budget and stick to it.  Make sure that the budget you create is realistic and it is possible to live on it. If you go too strict then you will quickly abandon it. So, put some serious thought into your expenses and develop a budget. Credit Options Only after you are living within your means should you seek out credit options to start building your credit score.  Make sure you are living on your budget for several months and are comfortable before taking on new debt to build your financial future. Learn More about Credit Subscribe to our mailing list or blog to learn more about how you can improve your lifestyle and financial future by building your credit score.

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Credit Bureaus Aren’t on Your Side

Credit bureaus are not on your side. Find out the information they don’t want you to know. You can use this as leverage to remove negative accounts from your credit report, even if you didn’t pay them. Click to learn more.