Here are a few simple strategies you can employ, right now, to make sure that your credit score is as low as possible, and stays that way for years to come.
Many people that come to me for help are already doing many of these VERY well, so you may find several of these you have already mastered.
But for those of you who are new to the wonderful world of a sub par credit score, you will probably find a few nuggets here that will help you keep yours that way.
Enjoy..
:-) 1) Try to keep your credit balances as close to the limits as humanly possible.
Everybody knows that squeezing every last Christmas present on your Citibank Visa is the best way to budget for the New Year.
Don't forget about Aunt Esther either - you haven't seen her since 1985, but you've still got 43 dollars left on your Amex - never a better time to use it than the present! 2) Don't worry about paying your credit card 29 days late, it only gets reported to the credit bureaus at 30!The way you see it, you are getting an extra 29 turns of the moon on the man's dime.
So what if they charge you 29% once you're late a few days, the extra time is worth it!Plus you just started that new Multi- Level Marketing Tupperware and Steak Knives home business, and even though you charged the franchise fee to your Discover card, this one is going to be a winner - you can feel it! 3) If you do run into credit problems...
hey, it's OK - you can always get one of those fresh new identities with a brand new credit file you see advertised everywhere online!It says they are totally legal, too!This way, you can still be you, yet - with a whole new set of cards and everything for the 7 years it takes for your original bad credit to disappear...
And then, once it does, you can go back to the ORIGINAL credit file you had when you were really you (and not the stranger staring back at you on your drivers license.
) 4) Believe that if you make EVERY one of the mistakes above, you are destined for 7 torturous, terrible years of atrocious credit.
Decide that the credit bureaus ARE all powerful, and that ARE NOT any laws in place to protect you in case you DO make some stupid, foolish mistakes..
:-)Decide that rather than spend a few precious hours researching the PLETHORA of options you DO have, you'd rather spend 10 or 20 % of the REST of your life being treated like a second class citizen.
You also decide that your wife, kids, and any one else you share your life with should suffer the same fate.
But hey it's only REAL tough at Christmas, right? Wrong..
:-)But if you do want to keep your credit score in the hopper, the above 4 ways is an EASY way to do it!It takes a little work, and you do need to make some EXTRA silly decisions, but if you follow these simple steps, I promise - you will have terrible credit for the foreseeable future and beyond..
:-)Good luck!