• CASINO: Don’t Gamble with Credit

“The longer they play, the more they lose, and in the end, we get it all.”

‘Credit Card Companies are out to make Dough.’ Just like in casinos, the House always Wins. So, Don’t gamble with your credit score and play by the rules. Aaron Patzer, Vice President of Personal Finance at Intuit, offers the three tips below to ‘stay alert for anyone who might try to blow up your credit score:’

• Hire Informants to Watch Your Back:
  • “Set up bill reminders with lenders to prevent late payments, which have the biggest impact (up to 35%) on your credit score.”
  • Steal Your Credit Report:
    • It’s free, so there is no crime! Carefully check report for any errors –“they can be like brass knuckles to your score.”
    • Diversify Your Operations:
      • “A good mob boss diversifies. About 15% of your score depends on your credit mix – credit cards, auto loans, and mortgages.”

Whatever your financial situation is, make sure to, “Keep a close eye on what’s yours and never underestimate the other guy’s greed.”