Understanding Your Credit Score

January 6, 2010

To have the best chance of improving your credit score you will need to have a good understanding of how it is calculated as that will help you to decide on the actions you need to take.
Credit score is a numerical calculation based on a number of factors that helps lenders decide whether you are [...]

Read the full article →

Understanding Why You Spend

January 3, 2010

We all have reasons why we spend and aside from the necessities in life many of us love to spend for various different emotional reasons.
Just as some people ‘reward’ themselves or find comfort in chocolate there are many more who spend money in response to certain emotions.
Are there occasions in your life when something has [...]

Read the full article →

Understanding Debt Better

January 1, 2010

Not all debt is bad and while you might consider it to be so at the moment when all you can think about is the overwhelming amount of debt that you need to repay and the problems that it has caused, you will also need to understand that often it is worthwhile having debt.
For a [...]

Read the full article →

Trying to Get by Without a Budget

December 30, 2009

Don’t even try to get by without a budget as you will be setting yourself up for failure. It’s as simple as that.
Without a budget you can’t hope to have control over your finances as most people will find that once they start doing a budget they realize all the additional expenditure they have in [...]

Read the full article →

Too Much Debt

December 27, 2009

One of the leading causes of a poor credit score is having too many debts. Lenders see this as a bigger risk because they understand that paying many accounts is a lot more difficult than paying one or two even if the total amount of the borrowings remains the same.
It will certainly make your budgeting [...]

Read the full article →

Too Many Credit Lines

December 25, 2009

Lenders don’t want to see that you have too many lines of credit as this can be a sign that your finances are overextended and you might not be able to make the repayments on any money that you borrow from them.
Even when you can prove that you have been making all of your current [...]

Read the full article →

Time Management

December 22, 2009

It is often said that the people who have the most time those who are the busiest simply because busy people tend to manage their time a lot better.
Time is money and you need to manage your time as well as all other aspects of your life.
By managing your time well you are controlling your [...]

Read the full article →

Time Factors with Credit

December 20, 2009

Even the time that you have had credit for will be a determining factor when your credit score is calculated.
This is affected by the number of loans you have and many other conditions however you can use, as an approximation, the figure of 15 percent for a guideline when determining your course of action to [...]

Read the full article →

Things that Affect Credit Score

December 17, 2009

Often people will do things that affect their credit score without knowing that they are doing so and cause it to be lower than it should.
There are so many different businesses that allow you to have credit cards for purchase at their stores and offer a credit limit on those cards to entice people to [...]

Read the full article →

The Type of Credit You Have

December 15, 2009

To a lesser extent than your credit history, the amount of your credit and the time you have had credit, your credit score will be affected by the type of credit that you have.
You can estimate that this will account for approximately 10 percent of your credit score on average.
As with most other areas of [...]

Read the full article →

← Previous Entries

Next Entries →