Future Credit: From the Financial Planner's Desk

Photo by  Trung Thanh  on  Unsplash Myth about credit cards. Have you ever heard: "Don't get too much credit cards!" from someone before? Or maybe you have heard something similar such as not getting into much debt. In many occasions, people in reality are not complaining about the actual credit card, but the interest rates itself that is brought with it. See, disappointment and frustration comes when a person tries to pay off a credit card, but that percentage goes to the company and not the actual item that was purchased. Companies do need to receive their earnings for lending the money, so what is it that we need to actually look out for if we really do need credit cards in our lives? There has been many myths about credit cards just like having too many is one of them. First off, we shouldn't be scared of having them. Instead we should learn how to use them to our advantage. Credit is one of the factors that you should know affects how much interest rat...

Photo by  rawpixel  on  Unsplash / By: My Financial Resources Center L.L.C. Credit Karma , Lending Tree , Mint , Credit Sesame even AnnualCreditReport.com all websites provide credit information for consumers. Yes, we have constantly heard about these companies over on Spotify or TV commercials, but are they actually enough to monitor your credit?                             In reality, neither are enough for you to monitor your credit on a monthly basis. See websites such as Credit Karma only provides Equifax and TransUnion. Other sites only provide 1 credit bureau and AnnualCreditReport.com gives you all 3 once a year with no information on your credit scores. Not only this, but the information provided from some of these sites have poor or little information to your accounts. If you were to dispute any negative information to the credit bureaus you wouldn't be able to provide them your a...

Credit By: My Financial Resources Center L.L.C. First thing is first, you will need to retrieve your credit reports and credit scores from all the three major reporting agencies: Equifax, Experian, & TransUnion. You may do this by visiting either or all websites including annualcreditreport.com , creditkarma.com , experian.com , or you can sign up for a credit monitoring called  Identity IQ . A credit monitoring such as this one is way better to monitor your credit and ensure it remains healthy month by month. It provides all reports and scores for $1 and then pay $19.99 a month. Monitoring your credit is an essential part in seeing where you may need to improve. Paying your bills A good reason why to review your credit report is because it provides all of your accounts from the past and current accounts. You may see which accounts have gone into collection, any remaining balances from lenders, and see if there are any past dues. Attending these matters and paying o...