Fix Your Bad Credit

It's easy for new comers to the U.S. from Morocco to neglect their credit rating. A credit rating is something that follows you all your life in the U.S. So you have to make sure not to mess it up. A credit rating is important because all major institutions and businesses use it to make a decision on whether to loan you money, give you financial help. This means that if you have a bad credit rating you will have a hard time securing a mortgage, car loan, or business loan.

How does one improve their credit rating? Well. There are several ways to do so. Pay your credit card bills on time. Pay your mortgage on time. If you ever fall behing on your bills, call the loan issuer right away and make arrangements to pay them. Basically, stay on top of your finances. Do not spend more than what you make.

How does one wreck their credit rating? That's easy to do. Just fall behind on your plastic payment and it's done. Another way to damage your credit is to have way too many credit sources. So for those of you who apply for the free credit card just to get the free tshirt be aware. That tshirt might cost you way more than you bargained for.

Credit card companies are notorious for being very strict about late payments. If you are one of those people that never look at their mail on time, do yourself a favor and get a charge card, such as American Express. American express has a credit card product as well. Don't get that. Get the Green American Express or the other premium ones if you can afford it. You will have to pay an annual fee for a charge card, but the rewards make it worth while. The first reward is that charge cards are way more leniant about being late in payment than credit cards. The grace period is usually longer. The second benefit is that they usually come with good travel rewards.

That's it for credit for now. If you have already wrecked your credit you can get Loans for Bad Credit.

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