, probably many dollars in postage in those two years ("certified mail"). Anyway, I got through it. I now monitor my credit regularly and I recommend everyone monitor their credit reports, even if just for the sole purpose of learning how your score is affected, how often, and why. It's pretty surprising!
I am now a 30-something who takes her credit very seriously. I don't buy what I can't afford. I DO have a few store cards and one major credit card, but I pay them all off monthly, which, in turn, saves me any interest rates and late fees those nasty little creditors may want to charge me with. It also keeps my credit report looking nice and shiny. I don't need my credit and I think that's the big point here. It's not there to pay for my bills or vacations. It's there to help me build my credit, so that if a major purchase, like a car or home comes up down the road, I'll have something to bargain with - my great credit rating.
So, next time you check your mailbox and Capital One or Citibank has sent you an incredible "0% Interest" offer, do yourself a favor and show them 0% Interest!
Our goal is to assist consumers in considering how their options weigh up to their goals. The credit decisions we make today can have long range positive or negative affects. No matter where you are at financially, the more knowledge you have the better prepared you will be. Visit the resource section of our web site and begin or further your education today.
I would like to get your feedback on this or any previous debt bytes articles. CRN is always interested in your feedback, insights, and credit anecdotes.
Michael Bovee, CRN Specialist
Consumer Recovery Network
"Empowering Credit Consumers"
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