The Debt Ninja knows that staying on top of your credit report may seem like a daunting task. However, he cannot stress enough that it is essential you maintain the highest credit score possible.
Your credit score assesses how well you manage your finances. It is based on many factors such as open lines of credit, debt repayment completion, timely payments, and number of credit score inquiries, just to name a few.
The Debt Ninja knows that creditors look at it as more than just a three-digit number, it is how they measure your character and trustworthiness.
Take it from the Debt Ninja, just like any other area of life, your credit report also needs regular maintenance.
You can check your credit report once a year for free. So you would be crazy not to check it. Once you have pulled it up for an annual review, the first step toward cleaning up your credit is organizing your debts. The Debt Ninja suggests making a complete list of all outstanding debts, no matter how small or old. Check your list against the credit report to see which ones are still active. Then it’s time to devise a plan to pay them off.
When it comes to organizing your debts the term “debt snowball” that was made popular by financial guru Dave Ramsey comes to mind:
Upon paying off the last debt, you may be surprised by how much you were able to pay after snowballing all of the smaller debts. Once you have no debts, this amount can be placed into an interest-bearing savings account or other investments and used for a rainy day, such as retirement.
You also discover that when your home is paid off, you have a lot of money freed up to go directly into savings. Upon reaching this level, you discover how freeing it is not having to worry about having enough money. At last, you can prepare for any catastrophes that could otherwise completely wipe you out.
To maintain credit all you need is a credit card that you just have to stay on top of and pay off. Then, make sure you stay on top of any future loans when you have to take one out such as a vehicle purchase. Whenever you need help or answers, call the Debt Ninja to assist you.
The Debt Ninja has the answers you are looking for. Just call toll free at 1-888-652-4178 for a free consultation and let the Ninja show you how to fight your debt.