Your credit score is a reflection of how potential lenders view your credit-worthiness. Earn a high score, and you will enjoy low interest rates. Suffer from a low score, and you will have trouble even getting a loan or home mortgage.
Track Progress by Company Annual Report. Just as companies assess their progress in their annual reports, you need to review your list of priorities every year. Have you accomplished any goals? Have your spending patterns changed? Did you spend less than you earned? Did you save as much as you planned?
Make sure the credit card company reports to the major credit bureaus. If you are trying to build or rebuild your credit rating, this is essential. These bureaus produce the credit reports that companies use to evaluate you before extending loans or lines of credit, so it is important that they hear about your responsible credit use.
Tiger Woods may not get all of his old sponsors back — after all, it is mostly a business decision for them — but he may pick up new sponsors. Tiger Woods could pick up sponsors who have seen his progress and believe in his future, rather than being caught up in the moment of scandal.
Now we all know that’s just not true, but what do the figures say? Commtouch, an e-mail security company, reports that spam accounted for 87 percent of all e-mail traffic in 2006, a 30 percent increase over 2005. In other words, spam hasn’t gone away; it’s become worse. Oops.
You can put a photo at the top of the letter as part of the letterhead. That’s often effective. But you must leave photos out of the rest of the letter. Photos placed in amongst the body copy, with the text wrapping around the images, immediately make your letter look informational rather than urgent.
Stay up to date on the latest news about your company and in your field. Read the business sections in the newspaper. Look at trade journals. Read your company’s company annnual report. Pay particular attention to stories that might indicate the market for widgets (or whatever your company does) is going south.
Individual investors have a huge advantage over mutual fund managers and institutional investors, in that they can invest in small and even MicroCap companies the big kahunas couldn’t touch without violating SEC or corporate rules.
As a child I received a piece of advice from my mother. She told me never sell your mineral rights or your water rights on a piece of real estate you own. She also said don’t buy a piece of land where those rights don’t convey.
In sum, these can be helpful to get you through your day to day. But it is important to realize that you don’t just have to live with these high costs. There are steps you can take to improve a damaged score, while in the meantime you do use a bad credit card.