6 Valuable Lessons To Improve Your Credit

1. Paying interest is one tough chore (*Making monthly credit card payments isn’t fun. But the pain compounds when you’re paying interest on top if it).

2. Even a half-percentage interest-rate reduction matters (Negotiating isn’t always on the docket for financial literacy programs, but it’s worth mentioning — some numbers carry more wiggle room than you’d expect)

3. Credit cards are the way to go, they offer greater protections against fraud (what’s the safest way to make a purchase: cash, credit, or debit? Answer: credit. Choosing to use a credit card instead of swiping your debit card can offer greater protections against fraudulent purchases)

4. Credit doesn’t build itself ( Be proactive. A good credit score can save you a lot of money in the long run)

5. Credit limits aren’t “suggestions” (being approved for a $2,500 credit line doesn’t mean you have $2,500 at your beck and call. In fact, credit bureaus recommend that you stick below a 30% credit utilization rate. That means spending only up to 30% of your credit line)

6. A financial philosophy can help make, or break, your credit score (It’s crucial to have a clear and actionable financial plan as you begin your journey into adulthood)

 

Call for more info!

Chris Miller

Manager

Miller Mortgage, LLC.

978-535-1822 (office)

866-289-7495 (fax)

877-538-7967 (toll free)

http://www.MillerHomeLending.com

515 Lowell Street Suite 1 Peabody, MA 01960


Fatal error: Class CToolsCssCache contains 1 abstract method and must therefore be declared abstract or implement the remaining methods (DrupalCacheInterface::__construct) in /home/content/82/11669682/html/sites/all/modules/ctools/includes/css-cache.inc on line 52