Credit Articles
4 Ways to Destroy Your Credit
2007 By Daren Newman - BroadwayCapitalGroup.com
Taking a wrecking ball to your credit rating is probably best likened to striking a match and
burning all of the cash in your wallet. The concept is simple: a bad credit rating means higher interest rates and ultimately less savings
for you.
But even if you are one of those individuals who is diligent about maintaining your good credit
standing, it is still possible that with a few simple missteps you could send your credit score into a
tailspin faster than you can say delinquency. >>
Debt Consolidation
2007 By Daren Newman - BroadwayCapitalGroup.com
Almost everyone carries some degree of debt, whether it presents itself in the form of student
loans, car payments or credit cards. The key is to manage that debt aggressively and minimize
the sense of billing suffocation each month at statement time. Below are some strategies for
effectively consolidating your debts and regulating your monthly cash flow as any prosperous
enterprise must. Think of yourself as the CFO of ME Inc. and put these tips to good use. >>
How to Correct Errors on a Credit Report
2007 By Daren Newman - BroadwayCapitalGroup.com
You just discovered errors in one or more of your credit reports, or even worse, accurate
references to late payments or other negative issues that lower your credit scores. Take a few
deep breaths and try to stay calm, because credit report errors can be fixed. It's possible to
remove many negative items, too--and without help from companies that promise to repair your
credit. >>
Managing Your Debt
2007 By Daren Newman - BroadwayCapitalGroup.com
Outside of fixed monthly bills such as your housing or car payment, you
probably don't have a precise idea of how you spend most of your money.
If you want to get your debt under control, start by figuring out your spending patterns and
identifying unnecessary expenses.
For one month, write down every cent you spend -- including that $2 cup of coffee that starts your
workday or that $4 magazine you buy on a whim. This will clarify in black and white how much of
your spending is fixed and how much is variable (and hence easier to curb). >>
Protecting Credit During Divorce
2007 By Daren Newman - BroadwayCapitalGroup.com
Even the divorces and breakups that start out amicable can eventually turn sideways -- if not
completely inside out -- despite well-intentioned efforts to remain civil. Regardless of who was
wronged, who was innocent, how the blame is divided, or whether the union simply drifted apart,
it's a death of a relationship, a time to mourn. It's also a time of rebirth and a new life.
So, don't get sidetracked. Although your "better half" may be out of the picture, your finances will
follow you wherever the future leads you. >>
Understanding FICO Scores and How They Affect Home Buying
2007 By Daren Newman - BroadwayCapitalGroup.com
Home buyers who are seeking a mortgage find out early-on that their credit score plays an
important part in the home buying process and in determining the interest rate that a lender
offers. A credit score is a number that lenders use to estimate risk. Experience has shown them that
borrowers with higher credit scores are less likely to default on a loan. >>
What is a Credit Report & Credit Score
2007 By Daren Newman - BroadwayCapitalGroup.com
A credit report is a report containing information about your identity, credit relationships, some
court actions, consumers statements and previous inquiries into that file. Credit reports are
compiled by agencies that gather information about your credit relationships known as credit
bureaus. Currently there are three major credit bureaus. >>
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