Getting Advice from your Bank

Some of the best advice that you can get, and it will be for free, is from your bank. Banks are offering more services these days to satisfy the demands of their clients and to attract more business and some of these services include free financial advice for their customers.

As well as helping you to manage your accounts and debts they can also offer products that will help to keep your finances safe in the event of unforeseen problems.

Overdraft protection, insurance for the repayment of mortgages and credit card insurance are some examples of the way they can help you stay safe.

Some banks have staff available to help you create budgets and manage your funds more easily and they will setup automatic payments of bills to ensure they get paid on time.

If they see you are making an effort to get your accounts in order they might suggest refinancing some of the debt through them and that can help to save money with lower interest rates.

Even if you are working at repairing your credit score on your own it is wise to get additional advice in the event that you might learn something that will help you to achieve better results in less time.

Having this advice available for free makes it worthwhile taking advantage of the help and you should take along the budget you have prepared to see whether you can make any improvements with the help of the bank.

They will be only too willing to help you when they see the work that you will have already done to make yourself more financially stable.

This might even be enough to encourage them to offer you better opportunities to borrow money from them for the consolidation of your debts and even help to get such loans at better rates.

Credit in Minutes Tip #1

Stay on top of your credit report. Most credit reports contain errors. Make sure you check your credit report every year (you get one free credit report every twelve months) and if there are errors make sure to challenge them with the reporting credit agency. Credit agencies are required to investigate each and every challenge that gets reported.

Credit in Minutes Tip #2

Just because you qualify for all of those credit cards does not mean you should get them. A person with too many credit cards looks sketchy in the eyes of a potential creditor. Think of it this way: if a person is financially stable does he or she need ten different credit cards? Wouldn’t just one or two suffice?

Credit in Minutes Tip #3

The best way to raise your credit score is to make all of your payments on time. It sounds too simple to be true, but that’s all there really is to it. Staying out of debt and/or making all of your debt payments on time will keep your score up where it should be.