The Easy Way To Build A Great Credit Report
by: Dave Robinson
The most important thing you can do when building credit is to always pay your bills on time and to never borrow more than you can afford to pay back. It sounds silly for me to say, but unfortunately people do this every day. Credit is enticing and it very easy to get in over your head. Beware because those "no money down" and pre-approved credit card offers can send us straight down the credit road of darkness! It?s essential when building a healthy credit report that you remember your long term goals, and resist the temptation of buying yet another thing on credit.
Today, it's more important than ever to have a good credit rating. Don't get me wrong it has always been important to have good credit if you want to buy a car, a house, rent an apartment, or be approved for personal loans or credit cards. However, today more and more employers are looking at credit reports as part of background checks, and insurance companies are considering them when deciding whether or not to extend coverage.
Having good credit means you have established credit, which stated simply means that you have borrowed money or used a credit card and then re-paid it in a timely manner and not extended your credit limits. Don't be fooled into thinking no credit is good credit. It's just that "no credit" which means you have no established track record. (good or bad) Additionally, it means not overextending yourself and applying for credit that you won?t be able to pay back. One little tip; don?t ?shop? for credit because every time you apply for a credit card it shows the action as an inquiry on your report. Too many of those make you look like a high risk to other lenders!
As a young adult, using a cellular phone and paying your bills on time is a good way to start building a good credit report. In addition, there are many special credit card offers for students and young adults specifically designed to get a credit history started, and using the card and paying it on time is one of the best ways to establish excellent credit. Paying more than the minimum payment, or even paying the full balance, is also a very good idea.
An excellent way to build strong credit is with a car loan. Most cars aren?t cheap, so by having a large balance and then paying it on time every month will do wonders for your credit. You?ll need to establish sufficient credit in order to be able to borrow money and finance the car, but making other payments on time ? such as the ones mentioned above ? and being gainfully employed will allow you to do so.
Now that we have you buying things and spending money, it?s time to monitor your credit and make sure all is well. Request a copy of your credit report once a year, from each credit bureau. It?s important to know which of your accounts show up on which reports, and to make sure that they are all accurate. It?s fine to increase spending and credit as long you don?t overextend, and make sure to cancel any card you are not using immediately. If you find mistakes on your credit report, make sure to follow the bureau?s instructions to challenge it, in writing. If you follow these steps, you can get your credit rating up to an AAA status and keep it there.
About The Author
Dave Robinson If you would like to get more credit information you can visit our website which contains many credit resources. http://www.my-credit-report.info This article is copyright 2005, but can be freely reprinted, as long as no changes are made, including hyperlinks.
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What Hurricane Katrina Can Teach Authors
What Hurricane Katrina Can Teach Authors
by: Lynne Klippel
By now, you are heartsick and tired of looking at the images of the horror and devastation in the aftermath of Hurricane Katrina.
However, if you are an author and self-publisher, it pays to look at this disaster as a wake-up call.
Just for a moment, image that a disaster stuck YOUR home.
What would happen to your writing and to your business?
Could you keep things going if you had no electricity, no internet connection, or no phone service?
How could you continue to sell your books, even if you were unable to get online to process orders?
There are several important steps all authors and self-publishers need to take immediately to ensure that your books and your business are protected from natural disasters, fires, and unexpected events like plumbing leaks or computer meltdowns.
* Your number one priority should be to create several back-up...
What Hurricane Katrina Can Teach Authors
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Investing the Profits from Your Home Based Business
Investing the Profits from Your Home Based Business
by: Rhiannon Williamson
Having made the bold and glorious decision to sack the boss and go it alone you are one of the few who have what it takes to succeed.
You have an entrepreneurial spirit and a strong will and these are rare and valuable attributes that will guide you throughout your professional and personal life.
Now that your business is up and running and you?re profiting from your efforts, it?s time to turn your attentions to investing the profits from your home based business wisely and for maximum gain.
One of the most consistently returning asset classes over the long term and the one that the majority of us can profit from is real estate.
Understanding market cycles
Now, you?re most likely aware that property markets are cyclical ? this is because there is a direct correlation between the underlying price of real estate in relation to individual...
Investing the Profits from Your Home Based Business
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5 Simple Steps to Lower Your Cholesterol Level
5 Simple Steps to Lower Your Cholesterol Level
by: Frank Mangano
You can lower cholesterol without drugs by following some basic steps that will not only change your cholesterol readings, but also improve your health today and in the future.
So often we use a prescription drug and hope it will magically cure whatever ails us.
The truth is prescription drugs for lowering cholesterol do work.
The problem is both the short term and long-term side effects.
Even more dangerous than the side effects of prescription drugs to lower cholesterol is not getting cholesterol under control.
Over time, high cholesterol can lead to numerous conditions of the heart and arteries, not the least of which are atherosclerosis (hardening of the arteries), stroke or heart attack.
Here are 5 steps you can take today to lower your cholesterol without prescription drugs.
Eat right.
May sound simple, but diet has...
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Affiliate Marketing vs. Google Adsense: Let the Battle Begin?
Affiliate Marketing vs. Google Adsense: Let the Battle Begin?
by: Scott Patterson
Lately there has been a lot of discussion on how to make tons of money with Google Adsense. In fact, many people are making the claim that Adsense sites can earn a higher revenue then an affiliate-marketing site.
So that brings us to an important question: Which is a better online business - Affiliate-Marketing sites or Google Adsense sites?
Let's explore each one and then find out which online business is better option:
Google Adsense
How do you like the idea of earning m*ney without dealing with customers or answering emails. This is possible when you run a Google Adsense site. With Adsense sites, you can have a virtual passive-income that requires little maintaining. But is this the best option for an online business?
Here are the positives of Google Adsense sites:
? They are perfect for people who run information sites that have...
Affiliate Marketing vs. Google Adsense: Let the Battle Begin?
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Term Life Insurance
Term Life Insurance
by: Gary Tallon
Term life insurance is a life insurance product that pays out a cash lump sum upon death of the insurance policyholder or at the point that the insurance policyholder is diagnosed as terminally ill. But, despite it being a low cost term life product - insurance cover can be acquired from as little as ?5-?10 per month - surprisingly few of us have term life insurance in place.
For people with a mortgage and family to support, not having a term life insurance policy exposes them to a large financial risk. This risk becomes apparent when you consider how the mortgage and household bills would be paid if the main income producer were to die or to become terminally ill. The end result could be that loved ones who are left behind find their home is repossessed because they cannot keep up the mortgage repayments.
Some people prepare for such an eventuality by taking out a mortgage life insurance policy. This...
Term Life Insurance
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