If you’re trying to improve your credit after a financial hardship, checking your FICO score every month is a great way to gauge your progress. It’s encouraging to see that your hard work is paying off. It’s also a good way to spot credit mistakes when you make them and adjust your habits accordingly.
Committing to paying off your credit card debt is a smart idea. A good first step is finding a way to lower your interest rate – this will mean faster progress and lower costs in the end.
Here are a few highlights from this week’s top stories including strategies for planning you dream vacation using points, a person story of how e0c.4f5.myftpupload.com founder Barbara Jones gifted an exotic honeymoon to her cousin using points, and articles on top grocery store cards, AARP discounts, debt consolidation loans and airline loyalty programs.
A friend recently gave me some awesome advice on credit. He said you can improve your chances of getting a loan by knowing exactly what lenders require for credit approval. Before now, I’d thought it was pretty straight forward: If you have good credit, you can get a loan. But that’s not always so. There is this thing called the 5C’s of credit. It is a common term in the banking industry.
We at Point Savvy are real advocates for the benefits that can be enjoyed by the responsible use of credit cards and other banking tools. However, there are extraordinary life events that can challenge even the most disciplined individual when it comes to the financial choices we make.