What’s Killing Your Credit Score? And How Can You Fix It?

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As much as I hate to admit it, your credit score is actually a very important number to watch through life. Even if you pay for everything with cash (like I hope you are), your credit score is used by various agencies to evaluate your trustworthiness. If your score is low, they assume that you are irresponsible and failing to pay your bills. The key is to make sure you keep an eye on your credit score and raise it in whatever way you can.

Find Your Score

Did you know that there‚Äôs a site out there that will provide your credit score for free? Granted, it only provides the TransUnion Credit Score, but it still gives you a good idea where your overall credit limit stands. To get your score, just head to CreditKarma.com, create a log-in and it will spit out your credit score, along with many . . . → Read More: What’s Killing Your Credit Score? And How Can You Fix It?

10 Ways to Ruin Your Credit Rating

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This is a guest post by Steve from Money File. Since I don’t ever suggest using debt as a tool for acquiring assets or building a business, I don’t often talk about credit. But, if I did not have good credit, I would not have been able to purchase our house last week. So, for this purpose, it’s a good idea to keep an eye on your credit score.

Obtaining credit is something that most of us will need to do at some point, whether it is for a mortgage, to purchase a car or simply to pay for a holiday or other major purchase. Managing our finances is not something that all of us are good at, and it is all too easy to find you have made serious injuries to your credit rating! Paying attention and remembering the following simple tips will help you to keep your . . . → Read More: 10 Ways to Ruin Your Credit Rating

Is a Credit Score Really That Important?

Credit Scores are talked about by everyone these days. Parents give credit cards to their children so they can “build their credit” and qualify for loans later in life. It seems that everyone’s financial actions are based on this 3-digit number! But does that credit score really matter?

My wife and I are striving to live a life with no debt. We go grocery shopping and pay with cash. We purchase Christmas presents and pay with cash. Furniture — Cash. High-end electronics — Cash. Vehicles — Cash. You get the picture. We just don’t use our credit cards anymore (in fact, we cut them up!).

So, by living a life without the need for credit cards, I wonder, “Why should I care about my credit score?”

I wish I could say that I don’t have to, but I can’t.

Credit scores are obviously used for obtaining a home loan. If . . . → Read More: Is a Credit Score Really That Important?