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help: if I want to improve my financial condition so what is the way
Ok if I want to improve my financial condition so what is the way ?I want to established myself.and I m absolutely feeling alone so how I established myself?
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Improving one’s financial condition and establishing themselves are two different goals thought they do intertwine as one should and must be secure financially in order to establish themselves. While there are some basics to establishing one’s self they tend to go with the how, what and where of establishing yourself. To offer you any advice on that subject we would need more information on what you would like to establish yourself in. Things like what your life plan may be and the goals you might want to establish. Your education and training also are helpful.
As for improving your financial condition; you start by getting a copy of your credit rating from the three main credit companies. The first thing you want to look for is your F.I.C.A. score. Anything below 650 is bad, 650 to 700 are marginal, and 750 to 800 are good, 800 and above are considered excellent.
If your credit is below 740 then you should look at the reports and find out what or who of your creditors have reported you to the credit agencies and for what reason. You have a right to challenge anything that is wrongly reported. IF you are constantly late with payments then this is something we can work on as late payments will bring your credit score down. Another thing that will bring you score down and makes no sense but constantly applying for credit even if approved brings your score down so be cautious with applying for credit.
How to rectify late payments? You start by putting together a budget; list all your expenses for each month which include the normal things such as rent, food, utilities, transportation, insurance, dry cleaning and entertainment. Then you add in a line for monthly credit card bills and other revolving charges you may have. This is the line that can cause the most problems because when added together they exceed our ability to pay them even at the minimum required amount. IF this is where you find yourself I will have a few suggestions for you below. If not then do as I did; my bank offers on-line bill pay service. My problem was sitting down writing checks. With on-line bill pay no more checks to write the bank took care of it and if I schedule the payment to arrive on time and it arrived late the bank would talk to the creditor and correct the problem and pay the late fee in needed. The advantage to my creditors was if the subscribed to electronic fund transfers the got cash the day I said to pay them. If not they received a bank check in the mail which is the same as cash. No more bounced checks because the bank took the funds before payment and if the checking account was short they moved money from my savings account or they did not pay the bill and sent me an email.
You have put together you budget and find you do not have the money to cover all needed expenses because of credit card debt. There are two choices: See if you can find a bank or loan company to float you a debt consolidation loan. In general when they do something like this they will send checks to all of your creditors and then bill you monthly at a lower cost for the outstanding amount of your loan. If you cannot do that then find a credit counseling agency. These agencies charge a fee to help fix your credit and usually are able to get you a debit consolidation loan or they make you the loan themselves. This is a bit more expensive then the first option and takes a bit longer to pay them off. If you follow their advice when you’re done you should have great credit again.
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