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Negative things that has been on your report for more than seven years.
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Bankrupts that has been listed over 10 years.
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Ensure that your name, Social Security Number, Employment History & Address are all correct. If not write a letter to the Credit Reporting Agency with the incorrect information.
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Inquires that has been listed for more than two years.
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Closed accounts that appear open .
Educate Yourself
Contributer Writer: Ruby James
The following two scriptures tell us how
important it is that we educate ourselves.
ISA 5:13 Therefore my people
are gone into captivity for LACK OF KNOWLEDGE; and their honorable men are
famished, and their multitude are parched with thirst.
HO 4:6 My people are destroyed for LACK OF KNOWLEDGE: because
thou hast rejected knowledge, I will also reject thee, that thou shalt be
no priest
to me: seeing thou hast forgotten the law of thy God, I also will forget
thy children.
Why do we continue to put ourselves in captivity by not educating ourselves to get what it takes to build the kingdom of God.
The following are a few things that need to be considered.
• What is a IRA? Do I need one?
• What is a CD? Do I need one?
• What is a Mutual Fund? Do I need one?
• Do you know where you can get a free credit report?
• Do you know your credit score?
• Do I have credit cards? If so Why? Is it helping me or hurting me?
• If we desire to be debt free, are you done anything
to become debt free?
• What are you going to do once becoming debt free?
• What are your plans on staying debt free?
• Why do you wish to be debt free?
• Will you be willing to assist someone else in becoming debt free?
• Are you ready for the temptations that will come once you are debt
free?
These are questions that should be included in your goals and aspirations. If we haven’t equipped ourselves to the best of our abilities then we can’t possibly fulfill our complete purpose. We must give God something to work with!
An IRA is an INDIVIDUAL RETIREMENT ACCOUNT. An IRA is a personal savings plan that provides income tax advantages to individuals saving money for retirement purposes.
Certificate of Deposit (CD)-More commonly called a term deposit?a deposit of funds that becomes available on a stated maturity date. A more common term in the US?we usually call these term deposits (if they mature within one year) or GICs.
Mutual Fund-A pooled group of investment funds, providing professional management and the opportunity for maximum diversification. The total value of the investment fund is divided into ?units?, which are then allocated to investors at a net asset value (see below).
For more financial definitions & informations click here
Things to Look for on your Credit Report