Tips To Spend Money Wisely On Credit Cards

Credit Report Scores - Who Determines Them?

There are three major credit reporting agencies: , , and .

Each of these credit reporting agencies receives information from credit grantors such as credit card companies, stores granting credit, mortgage companies, and banks. They compile your credit history and compute your credit report scores.

They provide your history and credit report scores to others who have a genuine interest in your credit worthiness.

What Credit Cards do I Qualify For?

Free Credit Search is a completely FREE web-based resource for credit card seekers. We provide real-time unbiased information to help you make informed decisions about your credit. By filling out our credit profile you can find out which banks will approve you BEFORE applying!

All information submitted on the application profile will be used to conduct a search of lending institutions which are willing to issue you a credit card(s) based upon your current credit, income and employment.

You must be 18 years of age or older and a citizen or permanent legal resident of the United States with a verifiable permanent U.S. home address and a valid social security number. You must reside within the continental United States including Hawaii and Alaska.

When you use our service, you will receive FREE results with the following information:

Your no obligation FREE results will be available within minutes of submitting your application. We will not pull a credit report to complete this search. Your results will be emailed directly to you after your search is complete.

How to Spend Money Wisely

In his book Rich Dad Poor Dad Robert T. Kiyosaki shows what the poor, middle class, and the rich buy on payday.

The middle class buy liabilities. They buy a bigger home, new cars, big screen TVs, club memberships. These purchases are all too often made on credit. They create a monthly mortgage payment, monthly credit card payments, monthly membership payments. As the middle class make more money they reason that they can buy more goods and services on credit.

The result is that they always feel their income is never enough. Every time they get a raise they buy more expensive items on credit. This never ending cycle of increasing income and increasing debt payments is called the "rat race".

The rich discipline themselves to avoid instant gratification. Instead of purchasing liabilities, they purchase assets. They continue to accumulate assets because assets produce a cash flow.

As you accumulate assets your cash flow will increase. When your cash flow exceeds your income from your job, you have bought your personal financial freedom.

Read the details of how you must transform your thinking to really spend your money wisely. Read Rich Dad Poor Dad.

Spending Tips Stores provide lots of spending tips:

• Save 30% only until Thursday.
• Sale ends Sunday at 4 PM.
• You only go around once in life.
• You'll be happy with your purchase.
• You'll look good in this new model.
• Watch their happy faces when you give the very best.

But, unless you have your own spending tips, you'll spend too much. You need to have your own spending tips always on your mind as you shop. Here are some useful tips:

• Spending Tip 1:

  Simply ask yourself, "Why am I buying this?" Reflect on your own thoughts. What motivates you into buying this item? Is there a real need for the product or is an advertising slogan going through your mind?

• Spending Tip 2:

  Before you buy something, think "Wait a week." Except for food and gas, this really helps. During the next week you can reevaluate your desire for what you thought you couldn't live without. If you still believe you need it, purchase it only when you have enough cash to pay cash or pay off your credit card in the next billing cycle.

• Spending Tip 3:

  Look over your budget plans and ask, "Is this in the budget?" Every successful business has a budget. Think of yourself as a business that is trying to make more money than it spends. Sometimes you delay buying something because it's not in the current budget.

• Spending Tip 4:

  Consider "Will there be a long term benefit or simply a short term moment of happiness?" A business buys an item because it helps the business to prosper over a period of time. You should see a long term benefit from the purchase for you and your family.

• Spending Tip 5:

  Finally, consider "What are both the benefits and disadvantages of buying this item today?" Think about the good things the item will produce in your life. Then think of the less pleasant side effects. Really think about these effects and decide if the item is in your best interests. Consider the benefits and disadvantages from both a short term and long term perspective.

Credit Report Scores - How to See Them

Each of the three credit reporting agencies can provide you with a one-time copy of your credit report. Equifax, Experian, for example, will provide your report online for a fee of $9. Trans Union charges from $7.50 to $9 for your credit report.

All three credit reporting agencies will also provide a one-time copy of a "3-in-1" credit report. This contains your credit reports and your credit report scores from all three reporting agencies. Trans Union charges $34.95 while Equifax and Experian each charge $39.95.

Credit Report Scores - Improving Then

A good score helps you get the best loans. The loan officer will be glad to see you because you will:

• Qualify for a larger loan
• Get a loan faster
• Get the best interest rates.