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Credit Repair Blog » Table Of Contents » How to Keep your Credit Clean » Good Credit Management Find out how to keep your credit clean and your credit score high
If you want to have a high credit score you have to learn how to manage your credit. Getting out of debt and staying out of debt is not a dificult thing to do. All you have to do is spend less than you earn.
How to manage your credit
Sounds simple doesn't it?
Putting it into practice, now that's the hard part
Before you can begin to manage your credit, take a minute and do the math and find out where you stand right now.
Financial issues can be the most frustrating problem you'll ever deal with. with debt piling up, collectors calling night and day, it may seem like there's no end in sight.
To get out of debt, you have to take control of your spending. This will help you reduce stress and allow you to enjoy a better quality of life.
Develop a new attitude about your credit cards.
- Your credit card is not an extension of your spending capabilities.
- Your credit card is not a reason to go to the mall,
- your credit card is just a convenience.
Do you have any advice you would like to offer to our visitors to help them manage their credit better?
Prehaps you have a strategy that works for you, Please share it with the rest of us.
See Also » Avoid Inquiries on your credit report» Good Credit Management» Want Good Credit? Learn to save money
Related Articles » How to Get Your Free Credit Report» Sample Credit repair letters» What's On My Credit Report?» Resources for Foreclosure» Equifax
Comment (1)
Cre says:
How To Calculate Your Debt To Income Ratio
It's not very hard to calculate your debt to income ratio. all you have to do is make two simple lists and be honest with yourself. First add up all your montly debt payments: Monthly mortgage payment
- include property taxes and insurance of the rent if you rent
Monthly home equity line of credit or loan payment
Monthly car payments
Monthly revolving credit payments like furniture, appliance loans, etc.
Monthly student loan payments
Monthly minimum credit card payments times two
Other monthly loan amounts
Monthly child support payments Next, add up all your monthly income: Monthly net (take-home) pay
Annual bonuses and overtime, divided by 12
Other annual income, divided by 12 Take the total monthly debt payments and divide it by your total monthly income. The result if your debt to income ratio
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