Fulton County
Cooperative Extension wants to help residents to get their credit in order. The
University of Georgia’s College of Agricultural and Environmental Sciences (UGA
CAES) has posted information to help consumers with
managing credit wisely.
“We all know that good credit provides us with choices,” states Menia Chester, Director of Fulton county Cooperative Extension. “Now that we mid-way through the year, we want to remind our residents that they can benefit greatly by using the financial education resources provided by UGA.”
“We all know that good credit provides us with choices,” states Menia Chester, Director of Fulton county Cooperative Extension. “Now that we mid-way through the year, we want to remind our residents that they can benefit greatly by using the financial education resources provided by UGA.”
Carefully shopping for
credit and avoiding credit dangers offer the best defense against credit
problems. The ability to use credit to help you get the things you need today
and pay for them tomorrow is both your most valuable asset and your biggest
liability. Here are some important points to remember:
• Get a free copy of your credit report. Know what
information is being used to make decisions about you. If your credit report
contains errors, go through the steps to get them removed or corrected.
• Address negative
information on your credit report. If your credit report shows you were late a
few times in the past, that’s water under the bridge and you’ll just have to
wait long enough for that information to be removed (seven years from the date
the incident(s) occurred). If, on the other hand, you have an outstanding
balance on an old debt, make arrangements to settle the debt as soon as
possible.
• Shop around for the best terms. Interest rates vary significantly from lender
to lender. Check back with credit card providers periodically to see if they
will lower your interest rate. Look into refinancing longer term installment
loans if lower interest rates are available to you now than when you took out
the loan.
For more information
about Fulton County Cooperative Extension call 404-332-2400. Visit http://spock.fcs.uga.edu/ext/pubs/finances.php?category=Credit
to learn more about using credit wisely.
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