Build your credit without building your debt
Syndicated columnist Liz Pulliam Weston in her Column Money Talk in the Los Angeles Times talks about building credit without increasing your debt. Liz sais that it's a myth that you have to carry a balance on your credit account to build your credit history. She writes "What's important is having and using credit -- carrying balances typically is just money down the drain." She recommends looking at your credit report to make sure your accounts are being reported properly. If they don't show up, they're not helping you build your credit history. Find our what Liz recommends to avoid finance charges and build your credit here.
Labels: building your credit, credit history, credit report, finance charges
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1 Comments:
Good article! I liked it. There are lots of things that credit card companies try to conseal from us, consumers, and many of us don't try to find out this. But, I think the more we know the better. If everybody reads carefully credit card applications and tries to understand all the terms and conditions, there are would be less people with deep debts.
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