Like many people, you may have made a New Year’s resolution to get out of debt this year. Have you considered making a resolution to have better credit, along with your resolution to get out of debt? Learning good credit habits will actually help you get rid of and stay out of debt faster, so consider adding these credit resolutions to your money resolutions this year.
Get your free credit report. You should check your credit report at least once a year to make sure there are no errors, and even worse, no fraud on your report. In addition, if you expect to have a big purchase soon, such as a new car, or a new home, then you should check your credit well before the date of the purchase to make sure there are no items on your credit report that will keep you from qualifying for financing. You can get a free copy of your credit report at www.annualcreditreport.com.
Learn more about credit. The more you know about credit and credit scores, the better chance you have to build a good credit history. Find out how borrowing affects your credit score, as well as how late payments, defaulting on your payments, and closing accounts can affect your credit...