Good Credit Even Greater Possibilities
By: C. Kraus
Credit Advisor at GoldMine
The Million-Dollar Question:
Good questions are worth being asked, smart questions are worth being answered, and brilliant questions are worth being explained. So here comes the milliondollar question: What is Credit? And to spin-off of that: What is a Credit Card? What is the meaning of a Credit Report? It is a question worth asking, pondering, and understanding in its entirety. Your awareness of this important subject matter can catapult you to millions in equity and success, whilst ignorance and reckless credit handlings can lower you into an abyss of millions in
sider doing the following exercise. Take a blank piece of paper and create a wish list. What is it that you dream about? What are those elusive far-fetched fluffs of wants, desires, and fantasies? Is it a car lease? A mortgage for you very own palatial home? Some perks like expensive electronics and equipment? Some luxuries of a plush or exquisite nature? A dream vacation that will relax and rejuvenate you? Now here goes. Remove the blindfold. Open your eyes. This is not the world of make-believe, of whimsical childhood games. This is reality. Forethought, wise credit han-
This is not the world of make-believe, of whimsical childhood games. This is reality. debt. My name is C. Kraus, and I am a Senior Consultant at Goldmine Credit Solutions. We are at the forefront in educating the community about the benefits and pitfalls of good and bad credit. After all, knowledge empowers you to know your possibilities and helps you to proceed with caution. So welcome to GoldMine. Let us begin our first meeting.
Create Your Wish List: If you are bewildered and overwhelmed and consider this topic to be way over your head, rest assured. We will cover all concepts pertaining to credit in depth and with clarity. As a beginning, con-
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dlings, and perseverance can help you attain your dreams. The magic wand in real-life is called Good Credit.
Good Credit — Even Greater Possibilities Credit is the ability to obtain goods and services prior to payment based on the trust that payment will be made in the future. Of course you’ll lend your vacuum cleaner to the neighbor that is trustworthy and returns stuff in pristine condition, in a timely manner. And no way will you lend that bike to the neighbor that is reckless and tardy in returning borrowed items. What is the difference? Trust.
That is why it is worthwhile to apply for credit and maintain good credit. It helps you establish trust. If you keep up a good record and pay your credit card responsibly, you ultimately end up with stellar credit and obtain buying power and the ability to check off your wish list with ease. The magic key to the castle of your dreams is good credit. So here are the car keys to your shiny new Infiniti, the blueprint to your spanking new house, your UPS delivery of coveted goods, or the ticket to your dream vacation. Acquire good credit. The doors of opportunity will open wide for you.
Real-Life Report Cards A credit score is a numerical expression that is based and dependant on an analysis of a person’s credit files. It determines the creditworthiness of the person. The score that really matters when applying for credit is the FICO Score. It is a combined score that gathers your borrowing history from the beginning of time, when you first borrowed, and gets constantly updated on a monthly basis. There are three separate credit reporting bureaus: Experian, Equifax, and Transunion. So, in simple English, what is a Credit Score? Consider the following analogy: Your Credit Score is compared to scores on a report card, and the three bureaus can be compared to your teachers and principals who collect your marks and reward you with a final score. Good scores on a report card help you obtain the