In order to do a better job of managing your credit score, you’ll need to be proactive. If you only react when bad things happen, you’ll end up spending a lot more time and effort to repair the damage
Bayside, N.Y. (PRWEB) May 30, 2012
Personal Finance expert Walter Edelstein, CFP® is providing updated financial information and advice on several important topics including banking advice on steps that can be taken to increase savings and credit card advice on how consumers can better manage credit scores. TheAdvice.com Personal Financial Site Network continues to provide consumers with free information and easy to implement practical ideas to help them achieve their personal financial goals. Following is a summary of some of the new articles published on TheAdvice.com Personal Finance Site Network.
Building financial independence and security takes time. In large part, good financial decisions and behaviors are variations on a single theme – spend less and save more. But simply knowing that it’s a good idea to do those things can seem too abstract, unless that knowledge comes with some guidance on how to take action to actually do those things.
Don’t try to change every aspect of financial behavior all at once. It can be overwhelming to try to completely change too many behaviors all at once, and that can make it difficult for any of those changes to stick.
In this article Mr. Edelstein offers concrete steps that can be taken in order to get started on the path to curbing spending and increasing savings.
Perhaps more than any other single number, a credit score has a significant impact on an individuals financial health. With a better credit score consumers will be able to pay a lower interest rate on credit cards, car loans and home mortgage loans. On the other hand, if a credit score is too low one might not be able to get certain types of loans at all. It’s therefore vitally important to manage a credit score and keep that number as high as possible.
According to Mr. Edelstein "in order to do a better job of managing your credit score, you’ll need to be proactive. If you only react when bad things happen, you’ll end up spending a lot more time and effort to repair the damage, all the while suffering the negative effects of the lower score."
In this article Edelstein provides consumers with advice on how to make sound financial decisions and steps to take in order to improve credit scores.
About TheAdvice.com Personal Finance Site Network
TheAdvice.com Personal Finance Site Network was launched in 2009, and since then has provided consumers with hundreds of free articles and financial tips across a broad array of personal finance topics. Several of the sites in TheAdvice.com Personal Finance Site Network include:
Retirement Advice – where consumers can learn how to plan and navigate the path to the future beyond work, including 401K, IRA and Roth IRA information. Read how to develop a retirement plan or a pre-retirement plan that helps achieve individual long-term goals.
Insurance Advice – where consumers can find answers to many insurance questions including how to secure the right coverage for all home, health, life and automobile insurance needs.
Mr. Edelstein has financial experience that spans over thirty years. It includes being a Certified Financial Planner™, having a Master's Degree from Columbia University, and having served as Chief Marketing Officer for a major online bank where he honed his online marketing skills to help consumers achieve their financial goals.
TheAdvice.com proudly reaches out with this network of personal finance websites to help individuals and families discover the path to financial knowledge.