How to Get Smart with Your Credit

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How to Get Smart with Your Credit

Posted On: October 10, 2017 by Alpine Bank in: Cyber Security, Personal Finance, Save Money

Today, practicing the simple credit concept of “living within your means” can be extremely difficult due to medical and housing costs growing more rapidly than income in many American households. However, this doesn’t mean you can’t manage your credit and debt responsibly.  Here are a few tips to help you get your credit on track, even when times are tough. 1. Understand what credit is.  According to Finance Solutions Credit 101, credit is your “promise to pay in the future for purchases made today.”  You may be aware that when applying for credit with a lender, your credit report will be pulled to determine your payment history, amounts owed, credit history, new credit and types of credit, which is all taken into consideration when determining your credit limit.  Understanding the terms and fees associated with your credit will help you make more educated decisions in terms of lenders, especially if you were to become overextended. 2.