Freeload your way to a high credit score

Yes it’s true! You want to call the credit card company a "failure" or "cheaters". This means your payment to your credit card bill in full each month. This translation resulted in a higher credit rating and avoid interest charges. To know why these financially savvy customers are called "deadbeats", we see us from the credit card company overview. The CEO of credit card companies ideal customers ‘Revolver’. Revolver who are customers, the college debt and credit card debt, that’s how they earn their money. A perfect customer in their eyes is one that makes the minimum payments. These people who have credit card debt for a long time. Depending on the interest rate if you make only the minimum payments, it could pay you more than 15 years on credit card debt. Credit card companies as well as customers who frequent late payments and going beyond their limits. Only by paying late, can credit card companies jack up your interest and you additional fees. Going across the border can have the same consequences. The credit card company can force you to pay the balance under the limit, or you risk those fees add up months after month. Sun pursue a "failure" and "parasites" to be. Always striving to the credit card companies are worst customer! This plan is the first step towards long-term financial success. Use credit cards to build your credit score. Before your wallet or purse and empty destroy your credit cards, it is important to understand the benefits of open revolving credit. Of course, credit cards make it easy to book a hotel room, rent a car and a convent way to pay. It is important to understand that they do much more. Credit cards are an important tool in your financial toolbox. Credit cards offer you an effective way to increase your credit scores. Most already know that with good credit scores will help you to qualify for loans easier. What more could you close get lower prices and lower costs. A side effect of the higher credit scores is that it helps you avoid the embarrassment, refused for a loan. Credit cards you can increase your credit score because of the nature of the credit bureaus to touch you. The credit bureaus determine customer credit scores based on their ability to repay debt. So if you never established or maintained credit transactions, your credit scores will be lower. So if you always pay cash and any loans you have bad credit. A simple way to understand this is by participating on how teachers grade you are in school. If you have never been a quiz, test, taken or completed assignment and then how can you grade the teacher? It is exactly the same with the credit bureaus. It is your responsibility to the credit bureaus that you demonstrate the ability to repay debt. So, by using your credit card and pay it in full each month, you are rewarded with a higher rating. To use the credit card to increase your credit score there are some simple steps you can take. First, you have a working budget and saving money, building $ 25,000 to $ 45,000 worth of available revolving credit. Then use your credit card every month and pay it in full. Make sure no balance over otherwise you have to take pay interest on the amount you owe. The payment is paid in full before the next month you will not interest the credit card companies. Before you build your credit scores, it is important to you the necessary safety precautions. Make sure, financially, before you use credit cards to build back up your credit score. Before you go apply for a credit card, you will need: 1) Six months of invoices stored. You should have an emergency fund that is equal to six months worth of your monthly bills. Put this money aside in your savings account. to illustrate, when bills of $ 1500 per month, you should have $ 9,000 in your savings account. This security feature protects you in case there is an unexpected expense. You can avoid credit card debt black hole. 2) A working group of the household. A simple test to see if your budget is working, if you need the ability to save money every month. In other words, make sure you bring home more money than you spend. 3) Automated bill payment method. Set up an automatic online bill payment for all bills that are reported to the credit bureaus. Created by an automated system, you will not forget to make a statement. It can happen easily and you pay late haunt you for 7 years. You are in complete control of your budget. If you are the type that will spend money if you have it, you should consider maybe waiting to get a credit card. Get your spending habits in check before you apply for a credit card. 5) Protect your identity. Make sure to destroy all accounts. Shred all sensitive documents throw it away in the trash. There are many dumpster divers who love to keep your personal data would be obtained. Also be careful when submitting personal information online. The 5 steps to help you a great "failure" to be. A "loser" with a great credit score

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