Preparing For A Working Economy

By Mike Jones

The economy is rebounding whether you like it or not. That may sound silly, but most people are not ready financially to handle an improved economy. Do you want to be able to take advantage of a good economy? Of course most people would agree that yes they are.

What many people don't understand is that their credit score directly determines whethor or not you can participate in money saving programs. What we mean by this is that when the economy starts to recover, mortgage rates will be at all time lows. Will you be able to strike it while its hot and save thousands of dollars, or will your credit score keep you from living the American dream?

Now is the time to start preparing yourself to take advantage and help move this economy forward. The only way to do this is to have your buying power. Right now credit card rates are at all time highs and if you have a bad credit score, your rates will be even worse. The last thing you want to have happen is have everyone around you recover but you yourself not becaue of your credit.

What can be done? There are tons of free things you can do to start getting your credit back on track so you don't miss out on the opportunity ahead. First, check it! That may sound silly, but you would be surprised how many people don't even know what their score is. How can you start repairing something that you know nothing about?

Once you have printed out your credit report it is now time to make a goal oriented plan. Stop being late on that credit card, make on time payments on that line of credit. Make a goal to never be late on that car payment for the rest of the year. Simple things like this will help your credit repair itself faster than anything else! - 32519

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