Monday, December 27, 2010

Tip #1 For The New Year: Be responsible with your personal credit rating.

Published by Clark Kant, Contributing Writer and Investigative Reporter

Date:  12/27/2010
Post:  1,350

How's your credit rating?  Are you managing your personal credit wisely?  Are you making timely payments on your home mortgage loan(s), your personal loan(s), your farm loan(s), your commercial loan(s) and/or your credit card(s)?  It's very important to be responsible with your credit.

If you aren't managing your credit responsibility, the bank or mortgage lender will foreclose on your mortgage loan and kick you out of your home.  The credit card company will cancel your credit line and take you to court to recover any balance you may owe them.  Don't risk these kind of consequences!  Pay attention to your credit obligations!

If you have a spotty credit record, get to work in 2011 repairing your damaged credit rating.  Resolve debt obligations currently in arrears.  Make your payments in a timely fashion.  Don't make purchases you really can't afford.  If you have a wallet or purse full of credit cards, start paring them down.  Consider using a debit card for personal convenience and to pay for purchases without credit.  If you're in trouble with your bank or mortgage lender, talk to them.  Let them know your situation.  See if you can restructure the terms of your loan.  If you're a farm operator or a small business, you must manage your credit responsibly OR you won't have a farm or business very long.  Be extremely prudent with farm and business loans so you don't get yourself into trouble.

Reciprocal Links:  http://www.DSchaefer.Vemma.com (Nutrition For A Lifetime), http://www.Heart2HeartLyrics.blogspot.com (Song Lyrics Seeking Singer-Songwriters), http://www.HermannMoNews.blogspot.com (The 'Drudge Report' of Hermann), http://www.RivertownRecipes.blogspot.com (Great Local Recipes), http://www.WatkinsOnline.com/richardhschaefer (Watkins Natural Products)

Other Recommended Links:  http://www.HermannAdvertiserCourier.com (Gasconade County's Newspaper of Record), http://www.Time4Pie.com (Great Pie, Coffee & Conversation), http://www.ToedtmannGrosse.com (Obituaries)

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