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Managing finances and its relation with your credit score

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					       Managing finances and its relation with your credit score

The way you handle your finances will always appear on your credit. If you can handle it
well then that is good news for your credit, but some don not have enough time to do so;
or they would forget about it and in the end they will end up hurting their credit score as
well as their credit report.

1. There are a lot of options for you to manage your finances. Some choose to just do it
using the common-sense ways but if you are the busy type who travels a lot then you can
opt for credit monitoring services. These services will keep you updated because you will
be notified for every change in your credit. You will find out if you have exceeded your
limits, new bills and many more. Also, there are now applications available for your
convenience when it comes to managing your finances. You can download these
applications in the iTunes apple store. Each application is different from one another.
Others give you tips on how you can improve your credit score, some will tell you the
things that I affecting your credit and some just offer the basic services. Just choose the
best one that suits you.

2. Doing a free credit check regularly can be helpful because you can see all of your
activities and know if there are unsettled issues in your account. If you want to manage
your finances, you have to know where you stand first in order to fix the items that need
fixing. Checking your credit report will also let you track your credit score and know
about its disposition. The better you manage your finances, the better your score will be.

3. Finishing off your debts and other balances plays a big role in your credit score. How
you pay your bills is what your credit score is mostly based on. Paying regularly and on
time will give your score a quick boost and of course missing out on your bills will just
end up hurting it. This will not only lessen your debts, this will also be a positive record
for your credit report.

4. Making a list may be the easiest thing to do that will help you with your finances. All
you have to do is jot down your expenses and keep yourself within your budget. You can
even list down the things you have to do first to keep yourself organized and to prevent
financial mishaps. You'll be able to compute your monthly expenses so you'll know what
to expect for the following months.

You can do more than what is listed above to manage your finances and keep your score
up. Your credit will show how financially responsible you are, it is a reflection of the
whole you that's why it's best to start so that you can benefit from it in the future.

				
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