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EDUCATION CENTER
Build Your Credit Knowledge
WHAT YOU SHOULD KNOW BEFORE OPENING A NEW CREDIT CARD
Your score will dip a little bit for two reasons:Â
1) the credit card company will want to pull your credit which will cost anywhere between 3 to 10 pointsÂ
2) the new line of credit (if you are approved) brings the score down slightly. The bureaus like older credit accounts
IS THERE ANYTHING I SHOULD GO INTO DEBT FOR?
This will all be budget and income related. But many big purchases (homes, vehicles, etc) are designed as installment loans with a fixed payment monthly and low interest.
CREDIT REPAIR 101
It cannot be emphasized enough: PAY YOUR BILLS ON TIME! If you have slipped up in the past, that’s ok. We can work with that. But going forward PAY YOUR BILLS ON TIME!
Education: Education
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