Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header
Share for a Cause









Raise Credit Score & Put Food On The Table or It's Bailout Time!

Guest post by: Charles Machado

Article Overview: Spending less than we earn is an old school adage that will help during these trying times. How about credit scores though? Improve the most important number in your life to get the best deals on interest rates. Everybody can use help and improve credit scores.It makes sense to pay less interest. But do you really understand how credit works? Most do not.

Free Download - Don't Let A Credit Score Define Who You Are! By Charles Machado
Name: Email:

Raise Credit Score & Put Food On The Table or It's Bailout Time!

Consumer confidence has dropped to an all time low. This, according to The Conference Board Research Center Recently the numbers have dropped to their lowest point since the Board began tracking in 1967.
It's Bailout Time-Get in Line.
What does that really mean to you? It means that you're going to have to dig yourself out of this economic rut you may be in. Waiting for the government isn't going to put food on the table. Sorry, few will qualify for the Bailout!
As much as I want to see our new President succeed, he still has Congress to contend with.
How do you do this? The eight grade economics class comes to mind. There, in that small classroom I learned the simple equation to most financial dilemma's facing middle income families.
Spend less than you earn. That was it. Simple. Stop spending money if you don't have it. Stop credit card purchases. Stop unnecessary bills. Stop buying the things "I deserve."
You can also participate in something never before presented to homeowners. You can apply for a Loan Modification. That's right. Tell your lender that you are no longer able to pay them and if they want any payments at all, they'll have to modify the terms of the existing mortgage.
I remember reading about the Boston Tea Party in that same eighth grade classroom and I wonder if the current financial revolt in any way resembles the mindset of our forefathers. The slogan "Taxation without representation" really isn't too far off.
For years lenders have been taking advantage of homeowners. Granted, there is a certain amount of responsibility each borrower must accept, but 30 years to pay off a mortgage? And when that time inally arrives, (joy and jubluation) the amount paid by the borrower would float some city projects. Where does it say that home ownership has to be the focus of our financial struggle?
Today's borrowers are rethinking this philophsy. The addage of paying bills firt and foremost, then blindly living in debt is no longer the creed. Credit card companies might be tightening credit requirements, but they will still have to lend in order to survive. Ditto for mortgage lenders.
If you'd like to raise your advantage as well as improving your credit score, you can do so using the most sophisticated tools available. We have them.

Related Articles
  Why A Good Credit Score Is Important To Your Business
  Seeing Your Free Credit Score
  CREDIT SCORES: WHAT AFFECTS IT AND HOW IT AFFECTS YOU
  What affects your credit score?
  What Is A Credit Score?

Home > Personal-Finance > Charles Machado > Raise Credit Score Put Food On The Table or Its Bailout Time
Article Tags: bailout, boston tea party, city projects, consumer confidence, credit card purchases, existing mortgage, financial dilemma, financial struggle, food on the table, forefathers, grade classroom, grade economics, home ownership, loan modification, middle income families, mindset, new president, revolt, spending money, taxation without representation

About the Author: Charles Machado
RSS for Charles's articles - Visit Charles's website

Charles Machado is a credit specialist and partner in the firm of CMA Capital Funding Inc. He works with small business owners and individuals teaching them how to improve their credit reports to qualify for funding and has helped thousands of people increase credit scores using sophisticated and ethical tools. Talk to him for a free evaluation of your credit and financial profile.

Click here to visit Charles's website Dashed Line

More from Charles Machado
Dont Let A Credit Score Define Who You Are
I Want To Improve Your Credit Score But You Wont Let Me Help
Raise Credit Score Put Food On The Table or Its Bailout Time


Related Forum Posts
Re: 100 days to says goodbye to 2009 Re: 100 days to says goodbye to 2009 - The game isn't lost yet. Look at what Sir Alex Ferguson trained Manchester United players to do... Score the winning goal in injury time.
Re: UPDATES: New Campaign! New Layout! New Ideas! Re: UPDATES: New Campaign! New Layout! New Ideas! - We've also expanded the list for Contest and All-Time Leaders. It's great to now see David and Yinka on the All Time list and recognize the contributions they've made to the forums!
No B.S. Time Management No B.S. Time Management - A great book I read on Time Management is No B.S. Time Management for Entrepreneurs by Dan Kennedy.
Treasure Hunt: Inside the Mind of the New Consumer Treasure Hunt: Inside the Mind of the New Consumer - Treasure Hunt: Inside the Mind of the New Consumer Michael J. Silverstein 2006 From the inside jacket: "Today's consumers can seem impossible to understand, and even harder to please. For instance, the average mall shopper will spend about $100, then leave when she hits that limit. SHe'll probably buy shoes rather than clothing, because she doesn't want to think about her dress size. And the store most likely to get her money isn't the one with the nicest display or the deepest discounts - it's the one closest to her parking spot." Okay, ladies here at evancarmichael.com? Do you follow this generalization? I myself go to bookstores, and nowhere else. Being self-employed in a home office, I don't need to buy new clothes, but I confess I did buy a new pair of bike shoes recently... The Introduction states: "This book tells the story of how middle-class consumers around the world are reshaping the consumer-goods market by trading down to low-price products and services, trading up to premium ones, and avoiding the boredom and low value that increasingly characterizes the middle. These consumers, mostly women, are better educated, have more disposable income, and are buying with more sophistication than ever." Table of Contents 1. The Bifurcating Market 2. The New Middle-ClassConsumer 3. Cheap is Good 4. Spanning the Poles 5. All Treasure, All the Time 6. When the Calculus Shifts 7. In A Pickle 8. Nickels and Dimes 9. Left in the Dust 10. Taking Action
Building credit Building credit - Credit is like reputations, I suppose. Takes a lifetime to build, and only a second to destroy.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article


Bottom Footer
Share for a Cause












Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Executives and Elevators Perfecting That Pitch

Starting A Set of Books

How do I finance a franchise?
Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.