Bad Credit Bad Life
Posted on Tuesday 1st January 2008 by Michele F Richardson. Hits: 65
Are you one of the millions of people alive today who does not understand the significance of credit? I know I used to be. Every single day, I become increasingly aware of the differences between having good credit and having bad credit. Trust me, if you don't know the differences, you need to find out in a hurry. Bad credit can keep you from getting what you need or want while having good credit can help you in getting everything you need or want.
Cash In The Bank
Unless you have thousands of dollars in the bank that you can readily spend on a home, vehicle or other investment, you will need credit at some point in your life. Getting credit means that you are using someone else's money (commonly known as OPM) for a specified period of time with the promise to repay a certain amount on a certain date until the loan is paid off. The repayment period could be daily (although I would hope not), it would be weekly, monthly, annually, or even some other period as stipulated in the loan agreement. Whatever that repayment frequency is, you need to pay attention. You need to make sure that you don't sign any contract for credit without thoroughly understanding the ramifications of your actions.
Are You Worth The Risk?
If you are not serious about using credit wisely and just want to spend someone else's money without the intention or the means of paying it back, you will screw up your credit and be labeled a bad credit risk. without . However, if you do not have the financial means and/or the intention of paying back the loan, you will screw up your credit and will become a bad credit risk.
Fix It and Forget It
Here are the three (3) essential things you MUST do to fix your credit and put your it on auto-pilot to a good credit history:
1. Change your attitude toward money. It is a tool for helping you to achieve your destiny. You should never be slave to it.
2. Eliminate your poverty mindset. Amazingly, those wanting the most to be rich would become even poorer if they got the money they so desire. Why? Because if you have a poverty mindset, it will destroy your wealth. Unless you eliminate the poverty mindset, you will always be poor regardless of how much money you have.
3. Take consistent, positive, and productive action to improve your credit. You don't need an expensive attorney or specialist to repair your credit. If you are willing to do a little work every now and then, you can do it yourself. Change your spending habits. Stop buying things you don't need or don't use. Give more...Keep less. Get your bad credit straight and you will live a better life.
The author, Michele F. Richardson, is President and CEO of Global Life Trends Incorporated, a lifestyle edification and enrichment company. Through her corporation, Michele endeavors to help you find practical solutions to the everyday quandries of your life. Find out how simple it is to get your credit straight right now.
Cash In The Bank
Unless you have thousands of dollars in the bank that you can readily spend on a home, vehicle or other investment, you will need credit at some point in your life. Getting credit means that you are using someone else's money (commonly known as OPM) for a specified period of time with the promise to repay a certain amount on a certain date until the loan is paid off. The repayment period could be daily (although I would hope not), it would be weekly, monthly, annually, or even some other period as stipulated in the loan agreement. Whatever that repayment frequency is, you need to pay attention. You need to make sure that you don't sign any contract for credit without thoroughly understanding the ramifications of your actions.
Are You Worth The Risk?
If you are not serious about using credit wisely and just want to spend someone else's money without the intention or the means of paying it back, you will screw up your credit and be labeled a bad credit risk. without . However, if you do not have the financial means and/or the intention of paying back the loan, you will screw up your credit and will become a bad credit risk.
Fix It and Forget It
Here are the three (3) essential things you MUST do to fix your credit and put your it on auto-pilot to a good credit history:
1. Change your attitude toward money. It is a tool for helping you to achieve your destiny. You should never be slave to it.
2. Eliminate your poverty mindset. Amazingly, those wanting the most to be rich would become even poorer if they got the money they so desire. Why? Because if you have a poverty mindset, it will destroy your wealth. Unless you eliminate the poverty mindset, you will always be poor regardless of how much money you have.
3. Take consistent, positive, and productive action to improve your credit. You don't need an expensive attorney or specialist to repair your credit. If you are willing to do a little work every now and then, you can do it yourself. Change your spending habits. Stop buying things you don't need or don't use. Give more...Keep less. Get your bad credit straight and you will live a better life.
The author, Michele F. Richardson, is President and CEO of Global Life Trends Incorporated, a lifestyle edification and enrichment company. Through her corporation, Michele endeavors to help you find practical solutions to the everyday quandries of your life. Find out how simple it is to get your credit straight right now.
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