One of the biggest problems people have with their credit is borrowing too much and not having enough money to pay more than the minimum when the bill arrives each month. There are plenty of sites out that promise to teach you how to work from home and make ten bajillion dollars every day online. I’ve seen the infomercials too.
Check out the Thirty Day Challenge for something different. Over the course of 30 days these guys will teach you how to make your first $10 online for free. No, this is not a free trial offer that you have to call to cancel after the 30 days or anything like that.
These are just a group of guys who’ve made millions online and now are giving back. That’s the catch if that’s what you’re thinking.
Anyone can signup and you can share it with your friends and loved ones.
I did it last year and I’m doing it again this year. It is fun and exciting. And once you learn how to make your first $10 online then you can go on and make the next 10 bajillion dollars.
Check it out at http://www.thirtydaychallenge.com/
Written by Adam on July 29th, 2007 with no comments.
Read more articles on Pay Your Bills and Personal Finance.
If you have no credit history, there are other ways to build good credit and improve your credit score, though they typically take longer and cost more. Some suggestions:
•If you’re married and are listed as an authorized user on your spouse’s account, convert it to a joint account, or apply for a credit card in your own name. This is particularly important for women, who are more frequently listed as authorized users on a spouse’s account than men are, Ulzheimer says. Joint and individual credit card accounts will help you build your own credit history. Having your own credit record is an important safeguard in case you become widowed or divorced.
•Apply for a credit card from a department store or other retailer. These cards are usually easier to get than credit cards issued by banks, and they’ll help you build a credit history. The downside: They tend to have lower credit limits and higher interest rates. So use them with care.
•Apply for a secured credit card. These are easier to obtain than unsecured credit cards, because you’re required to deposit money with a lender first. Your available credit is usually the amount of your deposit. Some secured cards convert to unsecured cards after you’ve made a certain number of on-time payments.
Look for a secured card with low annual fees and no application fee. Credit unions frequently offer good deals on secured cards, Ulzheimer says, but some of them don’t report your payment history to all three credit bureaus. Remember, your goal is to establish a credit record. Before you apply for a secured card, make sure the bank or credit union reports to all three credit bureaus. Otherwise, Ulzheimer says, “You’re wasting your time.”
We also recommend keeping your balance below 30% of your available credit. For example, if your limit is $2,000, don’t let your balance exceed $600. Maintaining a low balance relative to your available credit — known as your credit utilization — will improve your credit score.
You can research fees and other features of secured credit cards at www.bankrate.com.
Your Money: Building a credit history is about to get harder (USA Today)
For years, people with no credit histories have been able to build their own by having someone with good credit usually a parent or spouse add them as an authorized user for one of their cards. That’s coming to an end.
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Written by Adam on July 14th, 2007 with no comments.
Read more articles on Credit Score and Credit Score Advice and Credit Score Tips and FICO Score and Improve Credit Score and Personal Finance.