Credit Card Guidelines
- Limit yourself to 1 or 2 credit cards. A Visa or MasterCard covers most purchases. Shop around for low-fee or no-fee bankcards.
- Record your charges in a memo book so you don't lose track of your spending.
- Put a limit on your spending-don't let the credit card companies set it for you.
- Spend no more than 20% of your monthly take-home pay on consumer debt. This includes car loans and credit cards, but excludes rent or mortgage payment.
- If you are heavily in debt from credit cards, you may need to develop a repayment plan with your creditors or enlist the help of a professional.
- Use savings as an alternative to credit cards. Too many people are forced to use credit cards in an emergency because they have no savings. Change your spending and saving habits. Begin saving to establish a fund with at least 6 months' income. Use the money only in an emergency, and pay back that money as you would a bill.
- Know your goals and plan accordingly. Know what you want out of life. Begin by writing down your goals, a timeline for achieving them and the approximate costs. Then determine which goals are important, and focus on the high-priority items.
For a list of the lowest credit card rates, visit bankrate.com.
Everything starts with credit. Having good credit will insure low interest rates on credit cards, car loans, and mortgage. People with good credit will save more money and ultimately make more money.
My job is to promote and educate the importance and meaning of credit worthiness. My commitment is to establish long term relationships with my clients by implementing tested Legal methods to improve their credit.
For a FREE credit analyses e-mail me at firstname.lastname@example.org or
call me at 386-627-1348.
I'm looking forward to providing you with the best home loans to meet your needs! Please share this information with your friends, co-workers, and neighbors and when you hear anyone talking about a home loan please pass my information to them. Your referrals are a blood life of my business.