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Thursday, August 21, 2008

About Credit / Debt Management: Swim Your Way to a Gold Medal Credit Score

About.com    Credit / Debt Management
In the Spotlight | More Topics |
  from LaToya Irby
If you haven't been following the Olympics, let me brief you. United States Michael Phelps won 8 gold medals in the swimming competition, beating out the Mark Spitz's 1972 record of 7 gold medals. You won't literally get a gold medal for a better credit score, but you'll feel like you did.

 
In the Spotlight
The Bronze: Understand Your Credit Score
I'm sure Phelps took a swimming lesson early in his swimming career. Here's your credit score crash course. So many people don't understand the basics of a credit score - what it is, why it matters, and how it gets calculated.

 
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The Silver: Stop Hurting Your Score
Phelps would have killed his chances of winning any medal had he pulled on the lane ropes during the competition. Likewise, there are a few things that hurt your chances at a gold medal credit score.

 
The Gold: Build a Good Credit Score
The swimming competition was quick, but the preparation took years. Building a good credit score doesn't happen overnight. Instead, it comes from months and years of demonstrating good spending habits. Find out how to spend (and not to spend) your way to your gold medal score.

 
 
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