Nt1310 Unit 1 Study And Thinking Skills Research Paper

3. Shop for the best available rates – one way of keeping your credit scores high while ensuring low credit card and loan payments, is taking time to review the best rates before you make any commitments. For example, if I am from college, I can request for a card with low interest rate charges.

4. Pay your bills ontime – This is the key to maintaining high credit scores. If you have many things going on such as auto, mortgage and insurance payments, you can create an efficient payment plan to ensure your payments are made in good time to avoid negative credit reporting. If you have problems with payments, you can automate your monthly payments from your bank or get help from debt consolidating agencies.

5. Check your report to ensure clarity – You can easily improve your financial position and credit scores by searching thoroughly at your credit payment history for accuracy. The first point is requesting for a copy of your credit history. This should be done every often to avoid cases of wrong-identity, which are common in people with the same name. Any inaccuracies should be reported instantly to avoid distortions that could hurt your credit scores.

6. Find out why your credit scores are low – experience tells us, if you have low credit scores, the first step to improving your scores is find out the reasons behind the drop. You can find out…

Payments can be by cash, wire transfers, check, and online payments through the bank. Credit takes various shapes depending on intended purpose. The most commonly accessed lines of credit target personal finance clienteles seeking mortgage for buying a house, credit cards, personal loan, auto loan and student loan. To enjoy these benefits, you need to have good credit history. If you are creating your credit history from scratch, one thing you must remember is shop for best credit card option that you can…