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Seven tips to improve your credit

Seven tips to improve your credit

Pay your bills on time All of them, every time, period.  Keep your credit utilization rate low “Weigh account balances relative to credit limit to ensure usage is at or below @ 10%,” stated John Ulzheimer, credit expert, formerly of FICO and Equifax. If higher than 10%, it is an indication of possible added risk. Those consumers having the highest average FICO scores have a utilization of 7%.FICO’s scoring systems don’t differentiate between those who pay revolving credit sources, e.g. credit cards, in full each month and those who carry a balance. A utilization rate at the time a lender...

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Using Credit Wisely

Using Credit Wisely

Credit is an important financial tool. Good credit allows consumers to purchase many different kinds of goods and services including...

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School Shopping for Young Families

It’s mid-summer and almost back-to-school time – translating into hundreds of dollars in added expenses for families as they purchase...

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Teaching Children About Money

(Wednesday, June 19, 2019) – Parents teach their children many life lessons.  From learning the basics of walking, speaking and...

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