If you haven’t noticed by now there have been changes on your credit card statement which makes it easier to read. One of the things that is shown more clearly is the APR rate that you get charged for interest on your card. It also tries to encourage you to pay off your credit card bill by putting a line in there that tells you how many years it will take to pay off your credit card debt if you only pay the minimum.
It is because of this government regulation called the Credit Card Act of 2009. This also affects the credit reporting and credit scoring agencies.
Click here to check your credit report free credit score. Getting a grip of your credit score and report information is the best way to start with your financial future.
Your credit score can be no more than 850 and no less than 300. Once a debt is paid off, it will look better on your credit score. Also with a good standing credit score, you won’t have to pay as much interest on your credit card or loans. So it becomes a win-win situation.
Click on this link to get a free credit scores check online. The average credit score is around 600 so if you can get something anywhere over 700 then you are in good shape.
Time is on your side so if you start young and early, then it’s better for you. For kids these days in college, they need loans so they can first check their student loan credit report. No one else will tell you to check your score for you so you can take a look at it yourself and make sure that there are no errors.
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