Good Credit does not happen accidentally. It is a deliberate effort on the part of consumers and it comes from simple things that are within everyone's control. Things like paying your bills on time, keeping lower balances on your credit cards and not over extending yourself with lines of credit.
The Ad Council has come up with a very funny and innovative public service announcement campaign for television and radio. The campaign features the concept of consumers believing in the Credit Fairy and their friends and spouses dispelling that myth. Check out this one:
More people with good credit means more people who can legitimately qualify for and afford to buy new homes. After the string of Short Sales, Foreclosures and other financial hardships we have seen over the past few years, there will be many consumers who need to rebuild their credit. Helping to educate them will benefit us all.
If you are in the Dallas/Fort Worth metroplex and are looking for a REALTOR® to help make the home buying or selling process easier and more friendly, call me today at (469)449-9840 to schedule a consultation. Or visit my website at EasyTexasRealEstate.com. I'd be happy to help you move forward and achieve your Real Estate dreams and goals. Not located in the D/FW area? Contact me anyway... I'd be happy to refer you to a real estate professional in your area who can help you.
6 Comments
on Building Good Credit: Getting the Word Out
OCT
05
2009
Steve: I am betting that having some sort of "how to get good credit"... or "the importance of good credit" as mini-subjects in some sort of high school basic math course would be a great thing. I know it was not part of anything I saw in high school. Any thoughts ?
Karen Anne's wisdom is wonderful. I certainly do not remember anything in high school or college, for that matter, that addressed the importance of maintaining good credit. For something that becomes so crucial to us in life you would think it would be part of the curriculum. It's an interesting thought.
Hi Karen Anne... I think that this kind of education would go a long way toward education our country's youth on how to have a prosperous and fiscally responsible future. I actually remember having a class in 8th grade in which they taught us how to balance a checkbook... 30+ years later they could probably go further and some instruction regarding credit would definitely be in order!
Hi Claudette... I agree... Karen Anne is a gem. This is such a crucial topic that we are negligent for not teaching about it in the schools.
Steve with so many having bad credit, this shows how important it is to help people understand credit from a young age; and high school is a good place to start. It is also the responsibility of parents to help their children understand this. I made a point of teaching my children about real stuff like managing finances.
Important information now are the ones who need to hear it and understand it doing so? I think Karen-Anne has a great point about educating our youth and a perfect way to do that is to volunteer at any of the local middle or high schools that offer a 'career day' - Steve you could even teach that as well as let them know what you do as a Realtor, it's all related. I did one last year and I focused on "what I liked to do as a kid" which led me to my career as a home stager. Having good credit is a key to home ownership...
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Steve: I am betting that having some sort of "how to get good credit"... or "the importance of good credit" as mini-subjects in some sort of high school basic math course would be a great thing. I know it was not part of anything I saw in high school. Any thoughts ?