Welcome to Credit Guide
Redwood Credit Union Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
How to Keep a Good Credit Standing
from:When it comes to getting or keeping a good credit rating, many people are unaware of anything until it is too late for them. In fact, most people do not think about their credit rating when they are applying for a credit card or loan of some sort! Because of that, there are many things for people to do and read before they get their credit rating too bad!
One thing that many people do not know is that once they have bad credit, there is still a way for them to get back to having good credit. In fact, there are many things that people can do to keep a good credit standing! One of the most important things that people should keep in mind when trying to keep their credit good is that paying your debt on time is the best thing they can do (as 35% of your credit score is your payment history). Another thing to stay away from when keeping a good credit is not making a payment at all! Because many people can't make their monthly payments, they are getting closer to having their accounts charged off (which is worse than not making a payment). Another thing to watch for with your credit is not to have any thing sent off to a collection agency. A couple other things to stay away from when trying to keep your credit rating good are defaults on loans, filing bankruptcy, home foreclosures as well as judgments. Despite of what many people think, having high balances on their credit cards as well as having maxed out credit cards is just as bad for your credit report. In fact, having a maxed out credit card is one of the worst things for your credit score!
If you are a person that has large amount of debt, there is also a way for you to get your credit score better, as well! In fact, some of the best things that you can do to get your credit report cleaner are most importantly stop using your credit cards! Once you've stopped using your cards then you will be able to clean up your report as well as get all your delinquent account current. In fact, the best thing anyone can do is keep paying regularly on all accounts; even if it is a small amount!
When it comes to having and keeping a good credit score, the best thing that you can do for yourself is to make sure that you do everything in your power to prevent yourself from over using the credit that you do have as well as not exceeding your limits. In fact, many people have such problems following that rule that they say to themselves "if they don't "need" the credit card then they aren't going to get it"; which is an excellent way to keep you free to debt!!
Redwood Credit Union Specific links
Redwood Credit Union News
Former credit union employee charged with embezzlement
A former employee at a San Mateo Credit Union in Redwood City faces multiple charges after allegedly stealing more than $73,000 from at least two of the financial institutions clients, said Redwood City police Detective John Cowart.
Read more...Arcata bank employee arrested on charges of embezzlement, elder abuse
Allison White/The Times-Standard A Northern Redwood Federal Credit Union employee was arrested Tuesday for allegedly embezzling more than $100,000.
Read more...Foreclosure Prevention and First-time Homebuyer Workshop Aims to Help Preserve Neighborhoods
SONOMA COUNTY, Calif., July 27 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), in collaboration with NID Housing Counseling Agency, Saturday hosted a workshop on foreclosure prevention and first-time home buying. Held at the Redwood Credit Union in Santa Rosa, the event enabled area residents to receive advice on how to avoid foreclosure or learn ...
Read more...Death Notices published Saturday, July 24, 2010
Services for Mandy Lynn Hawkins, 32, of Gold Beach, will be held Tuesday, July 27, at 11 a.m. at Bethany Lutheran Church in Gold Beach. Rev. Timothy Brueckner will officiate. Arrangements are being made by Redwood Memorial Chapel.
Read more...Santa Rosa workshop focuses on foreclosure issues
Jose Luis Rosillo, a winery production worker, and his wife Rocio, who works at Wal-Mart, have figured out how much they can pay to keep their Healdsburg home.
Read more...