Kick
Start Your New Year's "to do" list by
getting your credit in order. When you practice
good credit habits, your credit can reward you with
better loan rates and terms. Let your credit work
for you by developing a solid credit history and
building a stronger score. Here are some steps you
can take to improve your credit or keep your credit
healthy:
Spend less than you make. Your monthly bills should never exceed your monthly income.
Always pay your bills on time. Even if you have paid your bills late in the past, current on time payments show lenders that you're making a positive effort to be responsible.
Keep track of your debt-to-credit ratio. Make sure your credit card balances are in check. The rule of thumb is that your debt shouldn't be more than 30% more than your credit limit.
Make payments that are more than the minimum amount due. This shows that you have the discipline to keep up with the payments.
Avoid too many "credit" inquiries. These inquiries appear on your credit report. A lender can view this as a sign that you are overextending yourself financially.
Check your credit report yearly and dispute any mistakes. Pulling your own credit report will not hurt your credit rating.
It's never too late to start taking steps to improve your credit or to keep your credit healthy. With proper care, maintenance, and time, your credit habits will reflect positively on your credit report and scoring.
ATLANTA TEACHERS FEDERAL CREDIT UNION
261 JOSEPH E. LOWERY BLVD., NW
ATLANTA, GA 30314-3398
(404) 525-3218
Since 1935
"An institution designed for members helping members"
Let this coming year be
better than all the others.
Vow to do some of the things you've
always wanted to do but couldn't find
the time for.
Kick
Start Your New Year's "to do" list by
getting your credit in order. When you practice
good credit habits, your credit can reward you with
better loan rates and terms. Let your credit work
for you by developing a solid credit history and
building a stronger score. Here are some steps you
can take to improve your credit or keep your credit
healthy:
