6 Responsible Credit Management Tips Modest Money2 Comments

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If your parents have been managing your credit all along, suddenly having to deal with credit balances, credit scores, and credit reports might prove to be a bit of a shocker. And then there are the payments to consider. Credit management takes a sharp turn toward the serious when you become an adult and it can all be quite overwhelming. Here are some tips on how you can manage your credit more effectively, and keep credit problems from getting the better of you.

Obtain a copy of your credit report

You will likely want to review your credit standing when you are planning to make a major purchase, but you should obtain a copy of your credit report at least once a year. This will clearly show how you stand with regard to your credit and how much you owe.  Ideally, you will want to obtain credit reports from more than one credit reporting firm.

Find out your credit score

Based on your credit reports, you will be given a credit score or rating. This will reflect your viability to receive further credit. Higher scores generally indicate lower risk, but keep in mind that there a number of…

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