Six Steps to a Higher Credit Score

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Six Steps to a Higher Credit Score

http://www.walletpop.com/credit/experian/six-steps-to-a-higher-credit-score?icid=100214839x1211816921x1200776106

Promoting Myself is a Must

Good morning,

Yesterday was a interesting day. I actually got many things done and am looking toward the future. The house situation, my loan officer sent my application to underwriting. The house is in forecloser and it is a great find. Monday, I will put a bid in for it. Things work out, the closing will not be until January because one of my mortgage payments was late last January. Mortgage lateness stays on your credit report for 1 year. You can't have a late mortgage payment on your credit report if trying to purchase another home. It was my fault, I had to evict a tenant and didn't pay the rent myself. In between then and now, I know to pay the mortgage within a 30 day time period. This way it is late, but it will not affect your credit score. It will if it is 31 days late. So, I have learned to pay so that it will not drop credit score.

My credit score is low, but my loan officer said I really don't have bad credit. The things that are on my credit report are: 2 houses, my car, a loan I co-signed for, student loans (deferred until 2010). That is all. It is just a matter of getting a higher score.

I made candles yesterday and socialized on twitter. I am Betty's Only on Twitter, follow me. As for www.bettysonly.biz and Betty's Only on Etsy. The first 5 purchases will receive a $5.00 gift. I have been pushing Betty's Only. I thought last night I need to sell $1000.00 worth of candles before the year is out.

Promote my business and myself is what I am going to do from now on. No more being timid. I am stepping out. Let everyone know that Betty's Only offers great candles. I will be back later with some great advice on purchasing a home. Right now is a buyers market and we will talk more about that later. Have a great day and thnk of ways to promote your self and make extra money. We all have hidden talents.

Things Happen for a Reason

Ok, my credit score as an average is 602. There is a house that has been on the market for the last few months. The price has dropped drastically. My real estate agent phoned last night. I felt upset and angry at myself for not being in a better financial state. But you know what? Nothing beats a failure, but a try. I am going to meet with her to see if it may be possible to purchase the property. It is a 4 bedroom, 3 bath, fireplace, pool, 2 car garage. Since the economy has taken a downward turn, the house will be worth at least $250,000 when the economy improves.

This situation has really made me want to do better with my financial situation. Ok, not only this situation, but other occurances too. Today, I am going to look for creative ways to finance this property. If it is not for me, there will be another one that is much better.

Learning is an option and I will learn from everyone that I can. People have had serious experiences and I will get to a better place with education, interaction and determination.

You Get What You Ask For

I asked for more money and it is coming to me. I started working the morning tutorial. I have to be at work Monday-Thursday at 7:00 am, that is alright because I get my hourly rate. Great for me. I used to coach a few years back and now I have been asked to coach again. Ya! for me! I am so excited. The money will go to good use because I am about to embark on some new endeavors in my life. The extra money can be put to good. For instance, I wanted to have my truck paid off by December, but of course things happen and I am not able to get that done. So it will be paid off by February 09. The extra cash can help me achieve many goals and put up money to support my future goals.

All I have to say is that things happen for a reason and you get what you ask for. I will put this extra money to good use and not blow it. I have learned much and I have debt and my ultimate goal is to have financial freedom and I know I can achieve it.

How to Get Good Credit

I Am Taking Action

Jacquesa and Charone came down from Atl to talk about financial planning. Overall the meeting went well. We both got life insurance and the policies are less then $80.00 a month for over $500,000 worth of coverage. I honestly learned a lot from our meeting. Well, actually things I knew, but the meeting really brought things to the fore front. For instance, with my mortgages, the interest rates are 6.25 and 7 percent, but over the 30 span I will have paid about $200,000 for one house that is only worth $52,000. That is a mess. Regardless of the market, you need to know how to manage your finances. No one is going to help you, but yourself. Also, putting your money in the bank and only getting 3% interest for the life of your money or investing it and receiving more for the duration of time. Which is better? Overall, shorter mortgages and investing are the best thing for you. If you are young, please put your money to good use. If I knew then what I know now, boy I wouldn't have to work. The money I wasted, what am I talking about the money I waste now is a crime shame. I do admit, I am not where I need or want to be, but with the help of this blog, friends, and my financial circle I will get there.

Ya, I have life insurance and I am glad. One thing off of my list. The next step is a living will and a will. They are needed with GA being a probate state. I do not want the state to take my assets. Start early and put your money to good use. The economy will be, but if you are prepared you will sustain the ups and downs. Think about it. Start now, tomorrow is not promised.

You know we learn many things from school, but we don't learn about finances and how to manage money, or make the right financial decisions. Take the time out to learn about your money. Diversify, please. Banks make money off of your money. Most plans invest your money and charge you a penalty for pulling your money out. Why? Because they are using your money to earn money for themselves. I know we say that I will handle my finances later when I have enough time. The time is now. Stop putting it off and take a stance for your money. Generational poverty exists. What will you do to stop it?

Generational Poverty

CHAPTER FOUR: CHARACTERISTICS OF GENERATIONAL POVERTY

Family Patterns in Generational Poverty

Hidden Rules

Taking Action

This may help.



www.oneminuteu.com

The Time is Now

There is no time like the present. I have been reading many blogs on Financial Success and I don't know what I can do to get mine out there. There is no time like the present. There is money to be made and people to help me do it. Looking at my financial sitution it is not as bad as others, but it could really benefit from a make over. As I have stated several times I try, but am not successful in achieving financial freedom. For the last few months I have been overdrawn in my checking account and November will be no different. Things keep coming up. I haven't paid one mortgage and it will have to be late this time. Being I get paid on the 31 of the month. The payment is late if it is past 30 days. Luck of the draw unless I borrow from someone and honestly, I don't want to do that. My truck will not be paid off by December 15, things just happen and I am not prepared for the unexpected.

Our next financial meeting will be October 30 and I think that I am ready. At the end of the month I will have labels and business cards for Betty's Only. Started a will and working on gettting rid of the debt I have accumlated. I know I can be success and I will obtain financial freedom, it is just a matter of getting things together. Not overspending and doing right by my money.

I thought about it, I have some change. I may use that to put toward something anything. What I don't know, but it will work out in the long run.

I messed up, but I will make it better. Things are falling in place. Sometimes, they get worse before they get better. One more thing 700 credit score by December will it be in my future? Only time will tell.

I Know I Can Get Anything Done

Out of the four things I wanted to accomplish I have done one. I paid off the $50.00 debt. That is a good thing. My credit score dropped from 641 to 629. I guess this was due to identifying the debt. I don't know, all I do know is it dropped 12 points.

There are several things I set out to do, but where unable to accomplish them. It is hard to stay focused on my goals when the unexpected always seems to appear. The extra money that I am spending on overdraft fees could go to savings or getting Liam paid off. No need to dwell on my past mistakes. Just continue to look toward the future. Better myself in all areas. November definitely no overdrafts at all. Christmas is coming up and I am not getting any younger. Making the right decisions is key.

I honestly enjoy writing this. It always me to express my views and my money and how and what I do with it. I know I don't always make the right financial decisions, but I am on the right path. For instance, I have assets, my houses. I want more houses, but its a matter of building my credit score up. Things take time and patience. My credit score will come up and when it does, I will be ready to receive all of the benefits of having a higher credit score. Refinance both houses will be a main thing. I have two 30 year mortgages. I will refinance for 15 years and be finished paying on them by the time I am 45, not 63. That is serious. Enough rambling below are some money related websites. Enjoy and thank you for reading what I have to say.

Refinancing Blogs
http://www.realestaterefinanceblog.com/
The Real Estate Refinance Blog
Home Mortgage Refinance Blog

Avoiding Overdraft
How not to overdraft your checking account - Banking Basics - Helium
Budgets are Sexy.: When you overdraw your checking account does ...
TCF Bank - Tips to Avoid Overdraft and Deposit Service Fees

Eliminating Debt
AskMen.com - Eliminate debt
Dr. Phil.com - Advice - An Action Plan for Eliminating Debt
http://blogs.moneycentral.msn.com/smartspending/archive/2008/08/05/10-simple-steps-to-eliminating-debt.aspx

Where there's a Will there's a Way

Goals for the month are not that outstanding, but they are things that can be accomplished.

1. No overdrawing in my account: I understand how detrimental this is to my financial report cared, but sometimes things come up that are unforseen.
2. Get a will: This is much needed especially with having assets, that I don't want the state taking control of. You can get a template of a will online and take it to the government center and have them file it. Instead of getting a lawyer and going that route.
3. Save money and not spend all of it: This is very important, spending more than I earn is not what's up. Having something to fall back on is a must.
4. Pay off a $50.00 debt on my credit report: I can't believe my credit score dropped. The only thing that needs to be paid is this. I have other things, but they are in good standing.

It is sometimes hard to do the right thing, but doing right by your money is what we all need to do. We wonder why we don't have enough to be able to have that wonderful vacation. All is needed is to budget and not overspend. Make plans and decide how you will obtain your goal. My biggest enemy is myself and I will overcome what is stopping me from achieving my dreams.

Financial Planning
Beachgirl's Budget Blog
EasyBudgeting's Personal Finance Blog
Jaeneen's Favorite Blogs // Budgeting Blogs // BlogCatalog

Continue to do right by your money. Everything you want you don't need! Put your money to work for you! Use is wisely and watch your money change!