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How Do You Have Good Credit In Bad Times?

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How Do You Have Good Credit In Bad Times?

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With the economy in its worst state in decades, many people are losing everything they have worked for. Not only are people unemployed and losing their homes, their credit score also suffer. Many people do not realize how important credit is. Nowadays your credit gets pulled for numerous things; car loans, bank loans, credit cards, mortgages, and jobs. With so many people unemployed and desperately searching for employment, when the potential employer views the credit report it is very common for them to hire the one with a better report. Here are some helpful tips on how to improve your credit: No credit is not a terrible thing. I strongly do not recommend you open lines of credit inquiries. With the economy, interest rates are higher than ever. In doing this, not only will your monthly payments be high, but if you miss or are late on a payment, your score will suffer. Do not skip payments. Having negative alerts will bring your score down. When missing a payment on a loan, the compan

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