Credit reports
March 16, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M An increasingly important gage of your financial foundation is your credit report. That report assigns you a number based on whether you pay bills on time, carry debt, past bankruptcies. Does that matter?
V It does, the lower that score, the higher a mortgage lender will charge you in interest. Same for credit cards. In fact, a low score may mean that you cannot open a bank account. Then you are left with the currency exchange option for bill paying. Costly.
M you can get a free yearly credit report at www.annualcreditreport.com. Check it for accuracy. Remember, resources are all God’s on loan to you. Be wise.