The LendingTree Guide to Smart Borrowing
Do you know the difference between "good" and "bad" debt? The LendingTree Guide to Smart Borrowing can help you manage credit wisely throughout your life.
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5 Simple Things To Do
Here are five easy things that anyone can do, starting today:
- Check your credit score so you know how lenders view you as a credit risk. A higher score means a lower interest rate, which could save you thousands over the life of your loan.
- Make a budget with one of many free tools you can find online or in books and software packages. An easy place to start is at www.winningadvice.com, where you can sign up for a free Quick and Easy Budget Kit CD.
- Keep a spending diary for at least one month so you can see where your money goes. Use your credit card, debit card and checking account statements for ease, but don't forget to keep track of all your cash expenditures, too.
- Review the terms of your current credit accounts to see if you get a better deal. Some lenders, especially credit card companies, will lower your rates if you ask. If not, don't be afraid to shop around. The money you save can add up.
- Create a plan to eliminate your "bad debt" load. Not sure what "bad debt" is? Register now to receive your free LendingTree Guide to Smart Borrowing.
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