10 Simple Steps to Manage Your Credit

Written by Mical Johnson


Continued from page 1

6. Know how you stack up- BILLIONS AND BILLIONS of dollars are charged annually to consumer on mark ups in interest rates. That's a lot of money when you look at your share. Your credit information is something you should look at and make sure it is accurate. About 25% of all credit reports have erroneous information contained in them. Make sure your information is accurate and keep an eye on it regularly.

7. Know you limits- When you know you will have a hard time paying evenrepparttar minimum balance STOP charging. It may sound simple but for millions of Americans it is very hard to do. Of courserepparttar 137948 easy way Hind sight 20/20 don't get inrepparttar 137949 situation.

8. If you are one of those people that are disciplined enough to pay off your balance atrepparttar 137950 end ofrepparttar 137951 month then make sure you are getting some bonus for being such a great user. Getrepparttar 137952 free stuff that you can use. Some extra Flying miles, free gifts, Cash back reward (my favorite). If you are going to use it might as well get something for your efforts.

9. Only have what you need- You Should have 2 cards, one for what you use regularly and pay off every month andrepparttar 137953 other for emergencies or business. When you start trying to take advantage of allrepparttar 137954 deals out thererepparttar 137955 only one who gets taken advantage of are you. Overkill on your credit cards are not necessary, but being really good at managing a couple of cards is.

10. The statistics are in and they are mind boggling. Bankruptcies are at record numbers andrepparttar 137956 consumer debt forrepparttar 137957 U.S. is over 1.7 Trillion dollars! Teach your kids now to not makerepparttar 137958 mistakes that you did. Financial Literacy is a must forrepparttar 137959 next generation as we are heading into a cashless society. It's harder to manage what you cannot see. Make sure they understand thatrepparttar 137960 credit card is what pays for food onrepparttar 137961 table and gas inrepparttar 137962 car as well asrepparttar 137963 play station games they love.

Mical Johnson is affiliated with Rock Financial, Inc., a Licensed Correspondent Mortgage Lender, Florida Department of Finance. Mr. Johnson hosts Home Buyer’s Seminars which are open to the public each month in the TampaBay area in Florida. To obtain a free copy of Mr. Johnson’s Home Buyer Handbook contact him at www.TampaMortgageGuy.com He is also a contributing author at www.Debt-Free-Personal-Finance.com


Loan amortization

Written by Jakob Jelling


Continued from page 1

A loan amortization calculator can help you break downrepparttar amount you will be paying each month. Generating a loan amortization schedule is especially beneficial if you want to compare two loan options. You can see which loan will lead to paying more in interest payments and which loan will take longer to fully repay. If you are looking for a consolidation loan, you can compare it with your current loan to see if will be getting a better deal.

There are many sites online that offer free loan amortization calculators. You inputrepparttar 137927 amount ofrepparttar 137928 loan,repparttar 137929 interest rate, period of repayment and calculaterepparttar 137930 monthly amounts of repayment. By trying different inputs you can figure outrepparttar 137931 monthly payment amount that will be best for you and will lead to higher principle payments and less interest payments.

Please visit http://www.cashbazar.com/debt-elimination.shtml and learn how to eliminate your debt step by step.


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