If you have many lines of maxed out credit or several huge debts, you make a worse credit risk because you are close to “overextending your credit.” This simply means that you may be taking on more credit than you can comfortably pay off.
This week's credit tip may seem obvious, but it's often overlooked. Many people think that they'll get to it eventually, but it's really one of the first steps you need to take. Simply paying your bills on time is one of the best ways to improve your credit score.
Heads up, you know darned well that you have to do something with your money. Something besides enjoying your weekends and getting your hands on the latest electronic gadget. That something, as you have probably already figured out is about getting up close and personal with the world of investments.
You hear every day about rags to riches stories, where someone with a low paid job managed to become CEO of a mega corporation or the baron of a franchise. These stories sound like fairy tales, since everyone who has been or is on a low income knows that saving and building wealth when you have very little to go by is tough. Nonetheless that wealth in absolutely achievable for most people with an income.
This week's credit tip focuses on your plan to fix your credit score. The first thing you have to do, once you have your credit report and your credit score, is to see where you stand and where many of your problems lie. If you have a poor score, try to see in your credit report what could be causing the problem.
Sure it’s true, the fall college semester may seem like it is a long way off. Yet, the reality is that upcoming semester is only a few short summer months away. Which makes this a perfect time to discuss paying for that looming college bill. Whether you or yours are already enrolled or are about to head for the college for the first time, you cannot escape the fact that college tuition and room and board and other assorted fees can add up to a big chunk of change.
If you are one of those people who absolutely want to give back to the community through their work, instead of just accumulating money, you might at first be disappointed with the business world. Thankfully there are plenty of opportunities all over the world and in your hometown or city where you can work and help others at the same time.
If you are going to improve your credit score, then logic has it that you must understand what your credit score is and how it works. Without this information, you won’t be able to very effectively improve your score because you won’t understand how the things you do in your daily life affect your score. If you don’t understand how your credit score works, you will also be at the mercy of any company that tries to tell you how you can improve your score—on their terms and at their price.
Certainly if you have been any sort of attention at all to the financial press over the years you have seen or heard this pundit or that talking head spout off about ROTH IRAs. Actually, truth be told, if you look back you may notice that much of the media attention about the ROTH IRA has been about the so called ROTH conversion. Yet, if you have been paying at least partial attention and even occasionally taking notes from what you learn from this site, you have as you most likely figured out by now that as far as personal financial advice goes, there is no one size fits all solution.