Tips and musings about good credit and money management.
This article thinks so, if you are American anyway. About 67% of those surveyed incorrectly said that age is used in calculating credit scores, and a majority of those surveyed didn’t know that a landlord or a cell phone company may consider applicants' numbers in deciding whether to offer housing or service and at what price. Yeah, so the folks who were surveyed got those answers wrong. That doesn't make us all idiots, right? Well, the next stat is more telling... ...
In the modern world we are used to getting things fast and even "now" in a lot of cases. Credit Repair is one of those things that takes time though, so go in prepared for patience. People usually start looking into repairing their credit when they apply for a loan of some sort and get denied, and are told that they need to improve their credit. So there is an immediate desire to have higher credit scores because the person wants to use the new credit now, not later. ...
Something I think can make a big difference to a person's or family's financial health is their decisions on what to buy now with credit versus what to save for and pay cash. The easiest trap to fall into is buying small ticket items with credit cards (think clothes, entertainment, small electronics or anything else less than $1,000 that you might buy on a credit card). It is easy for us to make lots of small purchases and not realize how quickly all the small amounts add up to ...
First of all, having my own blog on this site is kinda cool. So for my first post I want to mention the one thing I think is the most critical to maintaining good credit for life. Don't over-extend yourself. What I mean by this is that it is our natural tendency to spend everything we can once we are approved for some credit, using the (flawed) logic that if the creditor approved me, that must mean I can afford to spend the money. But that thinking is so incredibly ...
Updated 12-08-2010 at 11:40 PM by Magic69
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