Yes, in order to have the highest possible score, you have to actually plan out a strategy that the credit scoring model views as low risk. An old lien and old collections my ex was responsible for.
He has seen how important understanding credit has been in improving his own life.
And because of this Mike has dedicated himself to teaching others how to improve their lives by raising their credit score and taking control of their personal finances.
Find out how to deal with late payments or accounts that have gone to collections.
You will learn how to evaluate your options for any debts that you have outstanding, and how each choice may affect your credit score. Your guidance has helped me to achieve this.* I retired a year ago...
Finally, you have to understand how to deal with any problems on your credit report. Negative items like inquires, late payments, collections accounts, judgments, or even bankruptcy. You’ll learn how to approach each negative mark based on your own report. Here we lay the foundation, so that you have the proper mindset to continue.
This is not just about money either, employers, landlords, and insurance companies all use your credit score to make decisions that can have a big impact on your life.3, 4, 5, According to MSN Money personal finance columnist Liz Pulliam Weston in her 2011 National Best Seller “Your Credit Score” – a series of small mistakes with credit can add up to M due to high interest rates over a lifetime.
You’ll also learn what actions are the most important if you want to qualify for a loan in the near future. I had planned on working another 5 years, so this lowered my income, with too much credit card debt.
It’s frustrating to most people when they find out that just paying bills on time is not enough to insure that you will have an excellent credit rating. In December, I went a little crazy for the holidays and opened department store credit cards and of course spent more than 50% of my credit limit. At first I was a little depressed, but not so worried. I bought the CSP program to help me dig out of my hole.
Understanding how to interpret all of this information about you is the first step toward improving it.