Freedom Financial, established in 2002, is aimed at providing lasting solutions to financial freedom. These include timely financial services and education to assist consumers in reducing debts, creating wealth and achieve financial freedom. Freedom Financial Networks aspires to build bright futures by empowering their customers to meet their financial goals and freedom by overcoming debts. Freedom Financial Networks offers different solutions for settling debts, personal loans and mortgage.
Here’s information on way to try to achieve better credit health:
Building a good credit record can be a nightmare especially if you have not established a good credit history to determine your spending and payment habits. Below are best practices to help you build and maintain a good credit record.
• Get a secured credit card
Secured credit cards are an excellent method of building your credit score since they control your spending. Payments are made on or before the due date after which balance accumulates interest. The card requires a cash deposit which also serves as the card limit and collateral. A secured credit card is best as you work on getting an unsecured one. Check to make sure it reports to Equifax, Experian and TransUnion credit bureaus.
• Establish good student loan records
Suppose you took a student loan to finance your education, making partial on-time payments can substantially boost your credit score should you want to acquire another loan to go back to school. The three credit bureaus observe your payment habits and can recommend you to future lenders to support your schooling.
• Identify a Co-Signer
Having difficulty getting approved for a loan on your own, get a trusted individual such as a family member or significant other to serve as your co-signer when applying for unsecured credit card. The co-signer acts as a guarantor to your debt and carries the risk of paying back the debt in case the debtor is rendered bankrupt.
Freedom Financial Network offers solutions to help their consumers stay debt free and aspires to brighten their future by empowering them to meet their financial goals. The solutions include getting a secured credit card before getting a secured one, establishing good student loan records and obtaining a co-signer in case you get disapproved for a loan. Before taking on any of the above measures, make sure they report to credit bureaus which include Equifax, Experian, and the TransUnion. The above measures are best practices to securing financial freedom.
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