In this rough time in our economy when credit is more important than ever, it’s crucial to know how to fix your credit the easy way. Fixing your credit doesn’t have to be a long process if you consider the easy changes that you can make instantly to increase your credit score.Here are 3 easy steps to take to begin the process of fixing your credit.1. Pay Your Bills On TimeFor some reason, people always underestimate the power of paying on time. Human nature always draws us to complicate simple tasks, and this is the case when you are working towards fixing your credit score. The easiest thing to do to accomplish a high credit score is to develop a habit of paying your bills on time.If you do, then you never have to worry about having late payments on your credit report or dealing with collections. The reason is simple, you are already paying your bills on time so there’s nothing to correct. Besides, 35% of your credit score is driven by your payment habits.2. Have A Good Mix Of CreditYour credit is your ability to pay your debts and expenses per the terms […]
Full Article At: KnowHow-Now.com Articles
Just imagine - as you’re going through your favourite coffee drive-thru this week - that a well-dressed gentleman stops and offers you $11,000 for your medium double double. Who would hesitate? We’d take the cash. It’s not so far-fetched. In fact, if you take that coffee budget and apply it to your monthly mortgage payment, a mere $30 extra per month -you could save yourself about $11,000 over the life of your mortgage.Strategies for knocking years off your mortgageMost of us can accept the idea that we must borrow money to purchase a home. We look for the best mortgage, and then just keep doling out the money for as long as it takes to pay it off. Most Canadians choose to amortize their mortgage over 25 years. That’s a long financial commitment, and it could more than double the cost of your home. But with good planning - and a few smart tactics - you should be able to enjoy your mortgage-burning party much earlier. Here are a few strategies for fast-tracking your mortgage:1. Increase your monthly payments. Rather than choosing your amortization period first, ask yourself how much you can afford each month. For example, you may feel […]
Full Article At: KnowHow-Now.com Articles
