Are you one of the millions of people alive today who does
not understand the significance of credit? I know I used
to be. Every single day, I become increasingly aware of
the differences between having good credit and having bad
credit. Trust me, if you don't know the differences, you
need to find out in a hurry. Bad credit can keep you from
getting what you need or want while having good credit can
help you in getting everything you need or want.
Cash In The Bank
Unless you have thousands of dollars in the bank that you
can readily spend on a home, vehicle or other investment,
you will need credit at some point in your life. Getting
credit means that you are using someone else's money
(commonly known as OPM) for a specified period of time with
the promise to repay a certain amount on a certain date
until the loan is paid off. The repayment period could be
daily (although I would hope not), it would be weekly,
monthly, annually, or even some other period as stipulated
in the loan agreement. Whatever that repayment frequency
is, you need to pay attention. You need to make sure that
you don't sign any contract for credit without thoroughly
understanding the ramifications of your actions.
Are You Worth The Risk?
If you are not serious about using credit wisely and just
want to spend someone else's money without the intention or
the means of paying it back, you will screw up your credit
and be labeled a bad credit risk. without . However, if
you do not have the financial means and/or the intention of
paying back the loan, you will screw up your credit and
will become a bad credit risk.
Fix It and Forget It
Here are the three (3) essential things you MUST do to fix
your credit and put your it on auto-pilot to a good credit
history:
1. Change your attitude toward money. It is a tool for
helping you to achieve your destiny. You should never be
slave to it.
2. Eliminate your poverty mindset. Amazingly, those
wanting the most to be rich would become even poorer if
they got the money they so desire. Why? Because if you
have a poverty mindset, it will destroy your wealth.
Unless you eliminate the poverty mindset, you will always
be poor regardless of how much money you have.
3. Take consistent, positive, and productive action to
improve your credit. You don't need an expensive attorney
or specialist to repair your credit. If you are willing to
do a little work every now and then, you can do it
yourself. Change your spending habits. Stop buying things
you don't need or don't use. Give more...Keep less. Get
your bad credit straight and you will live a better life.
----------------------------------------------------
Michele F. Richardson, is a Small Business and Personal
Consultant, who specializes in helping people find
practical solutions to everyday issues. The "CREDIT
SECRETS Bible" has been in print since 1994 and is
published by Consumer Publishing Group. To get coveted
insider secrets you can use to pave your personal pathway
to financial access and stability, visit
http://creditrepair.globallifetrends.com/ .
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