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[0:01] ..." choices about what's ahead and we are making new year's resolutions with certified financial planner Dee Lee and today. We're looking at one ever resolutions cleaning up your credit cards this one is a recurring resolution."...
[0:22] ..." on record -- credit -- sudden. On these include credit cards you department store gas cards bank cards. An installment loans on such as you know school car loan car loans home loans in personal loans."...
[0:50] ..." Deals with the cash cards the department store cards and their frequent flier miles. But unless you're really really big spender it's going to taking eternity to reap any real"...
[1:10] ..." then consider canceling them. And I say consider canceling them because your credit score uses a very complicated formula to come up with a simple number the creditors can use to judge your credit worthiness. Part"...
[1:45] ..." he want to keep those longevity is a big plus in your credit score. Asked for an increase on your limit on those cards usually a phone call to the credit card company would be to an increase. Once this is -- cancel a few of the cards check your credit score again. And cancel arrest. So this previous slower process than just. You know cutting up the cards -- it in an emotional fit right and because we need a hot that's going to affect your credit score and your credit score again. Is the way creditors judge you on. And insurance companies and potential employers and landlords who watched closely yes okay check"...
[0:00]" It's the fall people make choices about what's ahead and we are making new year's resolutions with certified financial planner Dee Lee and today. We're looking at one ever resolutions cleaning up your credit cards this one is a recurring resolution."
[0:13]" it is Anthony. In according to fear -- which is the company that created the credit scores. On average today's consumer have a total of thirteen credit obligations on record -- credit -- sudden. On these include credit cards you department store gas cards bank cards. An installment loans on such as you know school car loan car loans home loans in personal loans."
[0:35]" So how many cards do you have how many cards you have continued name with senior wall. If you cannot tell me the names of the cards in your quality of too many parents you know that's a good point. And you probably don't need more than -- You know I know we get some great."
[0:50]" Deals with the cash cards the department store cards and their frequent flier miles. But unless you're really really big spender it's going to taking eternity to reap any real rewards people love to make their lives more complicated."
[1:03]" They really need to. Pare down the number of cards paid him off stopped using them. Take them out of your wallet and then consider canceling them. And I say consider canceling them because your credit score uses a very complicated formula to come up with a simple number the creditors can use to judge your credit worthiness. Part that's Corus the percent major credit use each month to the amount of credit to have available in. The key is never to be maxed out in your credit cards so if you cancel your credit cards as preacher at risk that to be maxed out on the one card to RG do have. The do not canceled you've increased your credit limit or your credits ruled out where you can go over them so you know. Start looking at the cards you've had the longest he want to keep those longevity is a big plus in your credit score. Asked for an increase on your limit on those cards usually a phone call to the credit card company would be to an increase. Once this is -- cancel a few of the cards check your credit score again. And cancel arrest. So this previous slower process than just. You know cutting up the cards -- it in an emotional fit right and because we need a hot that's going to affect your credit score and your credit score again. Is the way creditors judge you on. And insurance companies and potential employers and landlords who watched closely yes okay check the website WBZ 1030 got gum and war with -- lead to more. Here on WBZ news radio 1030."
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