5 Ways to Kill Your Credit Score
When it comes to credit, I learned the hard way. And the very personal way. Many years back, I thought I'd take a shot at upping my credit score. I was fresh out of college, didn't have much in way of established credit, but of course, thought I knew it all.
The best way to learn something, in my opinion, is through experience. The second best? Through someone else's experience. Learn from my mistakes...
What NOT to Do to Improve Your Credit Score and Overall Credit Know-How:
1. Close credit card accounts that you no longer use.
I got a great offer for a credit card and immediately thought, "Now that I have this low, low interest rate and fantastic terms, I might as well close my other card since I probably won't use it again." Right? Wrong.
Part of your credit score is how much credit you use (total balances) compared to how much credit is available to you (total of all credit limits). The less you use and the more you have available, the better. By closing accounts, you're making the amount of credit available to you smaller, which can make the proportion of credit-used-to-credit-available higher - and that can take a toll on your score. And it did... on mine.
Tips On How To Create A Flexible Schedule
In this economy it is crucial for college students to acquire a job that will grant them to have a flexible schedule. This entails that they have to work enough hours to survive on their own - but hours that do not interfere with their schooling.
Unfortunately several bosses will shut down the instant this is brought up. The strongest way to get a job that will give you flexible hours and that will not get you turned down by the first reference of it is to understand how to present what you wish in a clear manner.
How a young adult can get a credit card
It used to be easy for a young adult to get a credit card. Often, they simply had to fill out the forms credit card companies mailed them once they turned 18. But new legislation has made it more difficult for people under the age of 21 to get a card, and has also changed the ways cards can be marketed to young people.
According to a new report in the Contra Costa (California) Times, there are now four ways for a young person to get a credit card, all of them aimed to protect people under 21 from taking on too much debt. A young person will now have to have an adult co-sign on the card for them, become an authorized user on an existing card, get a secured credit card, or make enough money to have their own.
Important Tips for Entrepreneurs
If you are an entrepreneur, maybe you've heard what they commonly say about entrepreneurs, like you must work harder unlike the others in a company. Yes, this can be true in some ways, but it does not necessarily mean that you will be working too much. It is not compulsory. Having right way of thinking and good tactics helps make lot of tasks become a routine and be taken responsible for others.
The first few months of operation might be hectic but after that, it becomes crucial to focus on the big picture rather than the small details. How will you do that? Well, remember the 80/20 rule. Basically, 20 percent of input will generate 80 percent of output. The amount of effort you make is not commensurate to the rewards you receive.