Huey Harden offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - DistributeYourArticles (www.DistributeYourArticles.com) has distributed this article on behalf of the author. DistributeYourArticles does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: How Do I Ace My Credit Score? Author: Huey Harden Category: Credit, Personal Finance, Finance Word Count: 622 Keywords: credit, credit report, consumer credit, credit.com, credit rating Author's Email Address: [email protected] Article Source: http://www.distributeyourarticles.com ------------------ ARTICLE START ------------------
When it comes to wise financial intelligence, managing credit should come naturally. However, according to a Credit.com survey, fully 50% of people with a credit report have never read it or had not followed up with it for over a year. A credit report is considered one of the essentials of financial expertise. In order to be a responsible consumer of credit, you need to know where your money goes. Having a credit report helps the consumer understand where you fit into the credit system. Being unaware of your credit report may give you surprises. Lacking this information, you may be denied when you apply for credit or be asked to pay at a higher interest to cover the bank's risk. Furthermore, by dutifully and constantly checking your credit report, you can spot credit discrepancies and catch identity theft more quickly. Here are 5 ways you can easily manage your credit: Tip 1: Use only a miniscule amount of your available credit Banks are a fussy and fidgety bunch. So the more of their credit you are using, the more attention some of your creditors are giving you. Keep your spend below 10% of your available credit. Normally, spends above 35% waves a red flag in the bank. If you habitually or often find yourself maxing out your card, better find a way to fix it as soon as possible. The longer and often you stay near your credit limit, your score is much lower. Tip 2: Constantly use online banking tools and reports to check your account A consumer that constantly checks his credit statement is rarely surprised. Identity thieves thrive on lazy people who couldn't be bothered to read their statement and check their spending line by line. Probably because it's too disturbing to read all the non-necessities you bought at a high interest rate! If you're getting too close to the credit limit on any credit card account or too close to zero in your bank account, how about opening a bank account where you absolutely do not touch the money. Call it your financial freedom fund, if you will. To make it work, make sure you put in 10% of your salary in that new account first before anything else. Then if you can't stand it, spend the rest. But it would be wise advice you start planning on paying off all your debts first. Tip 3: Open and carefully read your credit card email statements Make it a discipline. Make sure you open every email you receive about your credit card and read it, especially and most importantly, the fine print. It's in the law that when a bank or credit card company changes or charges your account, they must tell you in advance. It's up to you to be aware of those changes because it can cost you if you claim ignorance about them. Tip 4: Treat your credit portfolio like an investment portfolio Treat your credit limit like an investment portfolio. If your credit risk is good, the less interest you have to pay to cover the perceived risk the banks are taking to trust you with their money. Tip 5: Remember that credit affects and impacts every aspect of your life Getting credit is a two-edged sword. Mismanage it and it will turn you into a pauper. Use it well ans it will enhance your quality of life. In the modern world, credit is all around. You need it to buy a house or car, apply for student loans or book a hotel. In one way or another, all of these things are impacted by credit. Furthermore, your insurance rates are impacted by your credit report. With better credit, you pay less for a variety of premiums. Insurance, loans, etc. The higher your credit score, the more you considered a trustworthy credit consumer. Huey Harden is your crazy guy from Maine who's fired up and well on his way to developing multiple income streams online. Get Paid For Your Opinion Using Free Paid Surveys. For more information, visit his content and FAQ site at: Free Paid Surveys (http://www.getpaidforyouropinion.net) ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
