As it pertains to achieving and maintaining financial freedom and being debt free, it is imperative to have a solid understanding of your present consumer reporting status by learning the information listed on your credit (consumer) reports. If your credit score is less than 650, you will need to know what is keeping you from obtaining a 650, and begin to actively pursue the necessary tasks to improve your score.
Under the Fair Credit Reporting Act (FCRA) and Fair and Accurate
Credit Transactions Act (FACT Act), consumers are entitled to receive one free credit report from each Consumer Reporting Agency annually. There are at present, three Consumer Reporting Agencies, which totals at three free credit reports annually. The three consumer reporting agencies and their contact information are provided below:
For more information about FCRA and FACT Acts, click here.
The first step to balancing a budget is to first establish your budget. Once your budget has been established, sites such as CareOne Debt Relief Services can help you with fine-tuning your budget to help you maximize your income.
A few of the tips suggested by CareOne include:
Keeping track of what you spend and where
Paying with cash
Reevaluate your cellular phone plan to reduce communication expenses
For more tips and to visit CareOne Debt Relief Services website, click here.
While on the site, be sure to check out the “101 Ways to Trim Your Budget” article for more tips and suggestions on how you can trim your budget.
Having a credit card is not the problem if it is being used responsibly. Having a credit card without any discipline is what creates problems for credit card holders.
For more information about responsibly owning and using a credit card, a few of the tips and suggestions listed by www.Military.com includes:
Resisting the temptation
Having a minimal amount of “emergency” credit cards
Keeping your debt ratio below 50%
For more information and additional tips, use the link below to read the entire article on the www.Military.com website: