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The Top 5 Tips For Good Credit March 15, 2011

Posted by CredZoo - Tame Your Credit in About CredZoo, Tips For Good Credit.
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Blogger Todd Ossenfort has been known as “The Credit Guy” for the past three years. Now he’s hanging up his mouse and keyboard and leaving his readers with his top 5 tips for good credit. We’d like to share them with you here!

1. Saving is essential to avoid unwanted and often problem debt. If you don’t have an emergency savings account of six to 12 months of income saved, start today. Save whatever amount you can regularly (each pay period) even if it is only $25. As you get in the habit of saving, increase the amount as you can afford to do so. Save something every month, even if you are struggling to pay down debt.

2. Never co-sign, especially for a family member. Generally speaking, if a lender is not willing to loan money to someone, you shouldn’t either. Co-signing for a loan or credit card for another person is a great way to ruin a valuable relationship — and your own credit. If the person can’t or won’t make payments, your credit will suffer and you will be held responsible for paying.

3. Check your credit report annually. Place a reminder on your calendar and get your free credit report each year.  Reviewing your credit report at least annually will help detect identity theft early. It’ll also help insure there aren’t any inaccurate entries on your report. When you work with CredZoo, this is done for you. One less item to worry about! CredZoo has a free credit report analysis. We can look at your reports and see if we can help you before you sign up.

4. Avoid using credit to extend your income. Living within your means is key to avoiding large credit card debt. If you are using credit each month to pay for essentials, you need to take a hard look at your monthly spending and make cuts to bring your spending in line with your income. Simple budgeting 101.

5. Know your rights when dealing with collectors and use bankruptcy protection when it is needed — and only if it is needed. Learn your rights under the Fair Debt Collection Practices Act and keep collectors from intimidating you into promises you can’t afford to keep.

One of the rights you are given under the Fair Credit Reporting Act (FCRA) is to challenge inaccurate, misleading and obsolete items appearing on your credit report. CredZoo uses every venue available under the law to help you assert these rights. Disputing items on your credit report is your legal right. When you use CredZoo to help repair your credit, we are abiding by and using all federal and regional laws regulating third party credit repair assistance.

Contacts us today for more information on any of these 5 tips or to learn more about CredZoo’s services and the FCRA: 1-888-881-5333

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1. Using Credit Wisely « CredZoo - April 14, 2011

[…] The Top 5 Tips For Good Credit […]


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