Having good credit is easier said than done. Think being responsible and paying your bills on time is enough to keep your credit score high? Think again. When applying for a mortgage or any large loan, your credit score can mean the difference between being approved and denied. Even if you are approved, your credit score determines the interest rate of your loan. If you don't have good credit, you could end up paying thousands in interest alone. You may think you’re on the right track, but these seven practices can negatively affect your financing and lower your credit score.
Debt can take a serious toll on our lives and we all make plans to pay off our debt but unless we stick to them them will not work! Use my tips to help jump start your debt pay down plan!
The act of spending money you don’t have is a financial practice we’ve become accustomed to over the years. Our mortgages, car payments and tuition, are generally paid in installments. No matter your tax bracket, these types of loans are a standard way of life. For most of us, having a line of credit attached to our name is no longer a luxury, but is deemed a necessity.
Spring – just the mention of the word puts a slight smile on my face. Financial review - now those words can channel a dramatically different expression. Spring has always been a great time to clean out the old and start fresh after a long winter. This renewal should extend to your financial practices as well. It is the optimal time to review your finances to ensure you are on the right track for rest of the year. Here is my Spring Financial Checklist to help keep you smiling all season long.