competition success review Establish good credit. To avoid bad credit, dont borrow too much, and do pay your bills on time. Inexpensive ways to establish good credit: (1) Obtain a good credit card. When you charge things, pay off the balance each month – on time – and pay no interest. (2) Establish a revolving line of credit (an empty loan) as an overdraft protection against bounced checks, and dont use it as a loan. (3) Get a loan to buy a car, or furniture, or etc.) and pay it off within a few months. competition success review magazine Late fees. To avoid late fees (which multiply the cost of borrowing), pay early, or at least on time. Repossessions. To avoid repossessions and associated fees, pay early or on time, and keep your insurance current. Extra principal ® less interest. To pay less interest on loans, pay more than the minimum required payment. Even small amounts of extra principal, can significantly reduce the total amount of interest you would otherwise pay over the life of the loan. Before doing this, however, make sure your lender accepts extra principal payments, and find out what particular procedure you need to follow to ensure your extra principal is properly applied competition success review magazines subscription.
No comments:
Post a Comment