Tips For Managing Credit Flagstaff AZ

Ten good ways to manage and improve your credit standing. Use this advice to maintain financial fitness and to stay in control of your financial destiny.

A New Beginning Credit Consulting
(480) 695-6435
P.O. Box 30522
Flagstaff, AZ
 
Law Offices of Kevin Jensen
(480) 632-7373
3303 E Baseline Rd
Gilbert, AZ
 
Debt Free Consolidation Phoenix
(623) 570-1310
3621 W Saguaro Park Lane
Glendale, AZ
 
Corporate America Family CU
(623) 218-0325
8337 West Bell
Peoria, AZ
 
Finefrock Law Firm Pllc
(480) 584-4886
770 N Monterey St
Gilbert, AZ
 
Angelini Law Offices
(480) 776-0291
16810 Avenue Of The fountain
Scottsdale, AZ
 
A New Beginning Credit Consulting
(480) 695-6435
P.O. Box 30522
Flagstaff, AZ
 
Heartsong Healing
(928) 300-6648
PO Box 4023
Sedona, AZ
 
Premier Debt Solutions
(602) 889-7244
5450 East High Street
Phoenix , AZ
Prices and/or Promotions
Free consultation

LifeLock
(480) 457-5110
60 E. Rio Salado Parkway
Tempe, AZ
 

Tips For Managing Credit

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Let's explore ten good ways to manage and improve your credit standing. Use this advice to maintain financial fitness and to stay in control of your financial destiny.

Tip #1: Live within your means.

This may sound obvious, but it's extremely important, because living within your means will keep you from having to resort to credit.

Tip # 2: Pay your bills on time.

Every time you pay a bill on time, you build your credit history and put yourself in a better position to obtain credit at lower rates in the future. Pay late and not only will you be faced with fees, but you'll also be hurting your credit standing.

Tip #3: Pay more than the minimum.

Say you have a $2,000 balance, and your minimum monthly payment is about $40. At an 18% interest rate, you'll end up paying nearly $5,000 and it will take more than 30 years! The minimum payment covers mainly just the interest, so the outstanding balance still remains, against which you will be charged interest in the next payment.

Tip #4: Avoid credit card add-on programs.

Many credit card companies offer various services and products to their card holders, like card registration services, insurance, and card loss/theft protection. Most cost money and are unnecessary for the typical consumer.

Tip #5: Don't chase lower rates by transferring balances.

This is a tricky process that involves fees, penalties, and other "catches" and usually ends up costing more than it saves. Balance transfer offers almost always have a low teaser rate that isn't fixed, which usually jumps much higher when the introductory period expires. Plus, there are often fees from both banks involved, meaning you pay twice....


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