In today’s day and age, a credit score is pretty much a requirement if you want any type of good loans with low interest rates. Unfortunately, many Americans have a good amount of credit card debt. The sad thing is that it continues to rise each and every year, hurting the credit scores of millions of people nationwide. However, this doesn’t have to be you. In fact, there are many ways to improve your credit score. In this article, we are going to be breaking down some of these ways.
If you want a great credit score, you first have to pay off all of your remaining credit card debt. You can either use the debt snowball method or the debt avalanche method for this. Dave Ramsey recommends the debt snowball method but I would recommend the debt avalanche method if you have thousands upon thousands worth of credit card debt. The debt avalanche is where you pay off the debt with the highest interest rate first and then work your way down. I like this method over the other because it will save you money over time.
One of the biggest mistakes that I see new credit card owners make is buying things that they can’t afford on credit. As a result, they don’t make the payment at the end of the month which negatively affects their credit score. Don’t let this be you. I would recommend putting minor expenses like gas and groceries on credit. This way, you will be able to pay the card off very easily and it will build your credit a little.
The next thing I would recommend would be to check your credit report. Sometimes, credit card companies can mess up transactions which can negatively affect your credit score. Combat this by checking your report.
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An Arizona entrepreneur and philanthropist, Jason Hope specializes as an healthcare technology investor. The undergrad in Finance and graduate of Arizona State University with a MBA, he knew he had to go into the background of business. He was inspired by Mobile communication which inspired him because of the benefits. Even though mobile technology is not new, the field still has area for growth as well as improvement For this reason, Jason Hope thought about selling a premium text messaging service which laid his foundation in the future of technology as well as in medical research which was his passion.
For Jason, he makes his money from the portfolio with technology companies. At the beginning of his career, he created Jawa, the mobile communication company which was acting as the main company of additional partnerships within the technology industry. Then Jason decided to make his money from the investments in his portfolio. Some of those investments include some companies like Digital Media Solutions.
The future in society is relying on technology as it works to connect and interconnect people as well as places and a variety of things. This was the idea that Jason Hope used to build Jawa. For Jason, he knew he had to keep his mind open and that you have to keep one eye focused ahead on what technology is doing and where it is headed.
Jason immediately began making money following the opening of the gate which is what helped to encourage him to expand his portfolio of investing in a variety of companies as well as in individuals. Being an entrepreneur, you have to be open to the idea of doubt. You have to doubt what you are doing in order to remain on your toes and continue thinking ahead. What makes entrepreneur successful is how they deal and cope with failure and managing the challenges ahead of them.
Jason Hope used his referrals for advertising and marketing which he was performing for another business he was working for. He used this referral to build up his professional network. He advocates the use of social media so long as it is uses properly.