Tips to Help Navigate Life After College

So you’ve just finished college, or maybe you’ve been out for a little while now and have no clue as to what you’re doing. Leaving college can be daunting because unless you want to go on to do further education, you’re now supposed to be facing the reality of adulthood.  That’s terrifying because what if you don’t know what you want to do? You’ve lived as a student for a few years, and now you’ve been pushed out to fend for yourself. Here are some tips to help navigate life after college.

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Work On Your Resume

Your resume is the first port of call because you’ve probably either not looked it before going to college or you simply don’t have one. Some of us will have odd jobs throughout our school days, but many might not start their very first job until leaving school or college. So with that in mind, you want to work on the resume because this is what’s going to get you noticed and hopefully into those interview rooms for your dream job or career. If you’re refreshing an old resume, add on your education and then tweak the experience slightly to reflect what you’ve been doing in college. That might not be a lot, but every little helps. When writing your bio, keep it brief because you can always go into more detail if you need to provide a cover letter.

If you’re writing your very first resume, then you can find a simple template online. You want to make it stand out in a good way, so don’t go too fancy or complicated with the resume design. Keep it short and sweet, and ideally, you don’t want to go over two pages. If you haven’t had much experience, then it’s unlikely you’ll go over one page.

Speak To A Careers Advisor If You’re Lost

Trying to figure out what you want to do can be difficult, and there will be a point where you may feel so lost about what it is you actually want to do with the rest of your life. It’s a big ask after all. Careers advisors can be found down your local jobcentre, or you could go back to the college campus and speak to a student advisor there. They can offer you some professional advice and guide you through the options that you may have in front of you currently and what you might like to do in the future. Use this as an opportunity to discuss any worries or fears that you might have moving forward and ask questions. A careers advisor is going to certainly help you get some focus on what’s out there and what you should be doing next in order to secure a job, whether that’s something that starts off your career or whether you want to go straight for that dream job. It all depends on what skills and experience you need.

Get Your Finances In Order

Oh, the finances – let’s talk about that. When you go to college or university, the fees are going to be expensive, and so you may have a lot of student loan debt. It’s a good idea that you get a job as soon as possible as you want to start paying it back. However, it’s worth getting your finances in order and creating a budget for yourself so that you save your money to enjoy your adult life too. You can’t really afford to live that student lifestyle now. To get everything in one place, find out what you owe and who you owe it to. Try to consolidate all this into one loan if possible so you can keep an eye on it.  You may want to refinance the loan if the current one isn’t really making much headway in paying it off. Keep on top of your budget and work with what you have from take-home and try to save any extra money you can in order to continue paying the loan off. It’s going to take a while, but it’s all worth it for the degree that you got in the process.

Expect To Fail At Some Point

This might be hard to hear, but everyone fails at some point. Some fail multiple times, and that’s ok because failure is a life lesson that is certainly worth learning. Don’t be worried about failing or going into a role that you might not be enjoying a few months later down the line. That’s completely normal, and it just means you have to figure out what it is you enjoy and what you’re not enjoying. Everyone’s different, and everyone finds their feet at different points.

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It’s hard to come to terms with the reality that the role or job you wanted to go into might not be something you no longer want to do. However, that’s nothing to be afraid of, and you will certainly find the thing you want to do in life. It’s just going to take some adjustments and looking at what you are talented at. 

Seek Advice For Job interview Prep

When you’ve found the job you’d like to go for, next comes the interview prep. If you’ve received notification of an interview, then congratulations! That was half the battle and now comes the decider on whether you’re right for the role or not. Always remember that even though you might have everything they need, you might not be the right suit for the company. That’s nothing against you as a person, it’s just who might fit the dynamic a little better. Interview preparation is a little daunting when you’ve not done it before. It’s always good to get some advice from friends and family or perhaps contacting someone in that current position on LinkedIn is a good idea. They might be able to give you some handy pointers on how they performed in the interview and what they feel may have swayed the judgement of the interview panel.

Before the interview, make sure you’ve practised the way you’ll speak to people before and during the interview. It might be good to have someone do a mock interview so that you can practice some questions that might be similar to the ones asked in the interview. Think about the clothing you wear in relation to the type of company it is and always approach the interview with confidence and a smile. Don’t be boastful or try to fake your way through an interview because chances are, they’ll see right through it. Just be yourself and be honest if you don’t know how to answer a question. Ask questions back, too, when given the opportunity to do so.

Experience Is Needed

Even though you’ve just spent an ample part of your life studying, to be told that experience is valued moreover a degree is a bit of a gut punch but its true. A lot more employers will want experience over qualifications. That doesn’t mean that qualifications are useless. If you had the experience and qualifications, and someone just had experience, then who do you think is likely to get it? Don’t get too down-hearted if you lack the experience because you might impress them enough with your personality and how you come across to them, in person. There will be times where you need to start from another role and build yourself up with experience before you can go for that dream role. Everyone has to start somewhere, so don’t feel like you’re missing out or starting too late in your career.

Know Who Your Friends Are

You make friends throughout your lifetime and those that you had in college, might not be your lifelong friends. The same goes for those you make in school, those in your hometown and those at work. You are likely to have a mixture and perhaps a small selection of constant friends who drift in and out of your life. Only you know who your true friends are because they are the ones you call on first to meet up for drinks. They are those people who you call in an emergency because the chances are, they’ll be there ready to do whatever you need them to do. Friends come, and friends go, and even though it might be tough to grasp, that’s adult life. We all have our careers and our personal lives to live, and that might mean that you miss seeing others for a while. However, those friends who are going to stay will make an effort to see you and vice versa.

Navigating life after college is tough, but like everything in life, you learn to adapt to the change, and you’ll find your rhythm eventually. So work on your resume if it’s a little bit out of date and speak to a careers adviser if you’re having trouble picking your career path. Sort you your finances moving forward, work on your experience and get ready for your life as an adult. It’s going to be a bumpy ride!

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Air Passenger Rights in the USA: When Can You Get a Flight Compensation

We already told you how to claim up to €600 for flights in-and-out of Europe. But when it comes to air passenger rights in the USA, how does it work?

Similarly to the European Economic Community and the EU Regulation 261/2004, the US Department of Transportation has established certain rules for airlines to follow.

Dive in and learn about your passenger rights!

Transparency and honest fares

The displayed price of a ticket should be the final price you pay. In other words, it should include all government taxes, mandatory airline charges, fuel surcharges, and so on. This rule applies not only to airlines, but also to other travel retailers, be it online or offline. Note that the price of the ticket includes taking you from point A to point B.

Add-ons such as Seat selection, excess baggage, extra airport services are normally not included in the price and not subject to the above rule.

Overbooking and denied boarding

Overbooking simply means that the airline has sold more tickets than it has seats on the plane. When you get involuntarily “bumped” off the flight, you are entitled to compensation, unless the airline can get you to your final destination within an hour of the scheduled arrival time. The rate of the compensation depends on the flight and the length of the delay.

If you arrive at your final destination between one and two hours late (on domestic flights) or two to four hours late (on international flights), you are entitled to 200% of the value of the one-way fare to your destination, not exceeding $650. For delays that exceed these times, the airline owes you 400% of the fare, but not exceeding $1,300. In these cases you get to keep your original ticket and can ask for either a full refund, or travel credit, which you can use at a later time.

Delays and cancelations

When your flight is substantially delayed, canceled or rescheduled, you have the right to reroute via a different airport at no cost, regardless of the difference in the fare, or request a full refund.

What constitutes a “substantial” delay or schedule change is up to the airline. The latter is described in a type of policy called “Customer Service Plan”, which outlines what are the airlines’ responsibilities vis-à-vis its passengers in case of a delay, cancelation or a schedule change, as well as a number of other circumstances.

Most airlines will offer a meal voucher for shorter delays, and hotel accommodation for overnight delays, yet the policies and their implementation varies. It is important to note that, unlike for cases of overbooking and flights in-and-out of Europe, US regulations do not require airlines to pay compensation when a flight is delayed or cancelled.

Tarmac delays

A tarmac delay would arise when you have boarded the plane, but haven’t taken off yet, or upon landing and have no access to the terminal. In these cases, the airline cannot keep you on the plane for more than three hours (domestic) or four hours (international) and should allow you to disembark if you wish.

The airline must also offer you food and water after two hours, as well as provide access to the lavatories and an update on the delay every 30min. Again, unfortunately for you, when these rights aren’t respected, you are not entitled to compensation, but the airline would get fined.

Air Passenger Rights: Bottom Line

European and US regulations clearly differ, yet they exist nevertheless. If you believe your rights haven’t been respected on a US flight, we suggest you get a hold of the airline’s customer service. For disrupted European flights, you can calculate your compensation with the help of our Compensation Calculator.

And don’t forget to subscribe to the ClaimCompass newsletter: in addition to travel tips that you won’t find on the blog, you’ll get a free checklist to know if you’re entitled to compensation from your airline!

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5 Benefits A Payroll System Service Can Provide Your Company

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 Payroll is one of those tasks that can either be time-consuming or seamless; it all just depends on how you approach it. Perhaps you feel that your current payroll process isn’t a streamlined as it could be? The good news is that using the right payroll system service can change all that, effortlessly. Investing in a new system, that utilizes the right software, can allow your business to access many benefits. 

Adhere to tax regulations

Tax codes tend to develop and change over time. When you have plenty on your plate, it can be challenging to keep up with every regulation and rule. When you choose a good payroll system service, you’ll have a solution to adhere to the correct tax codes and to always file your taxes on time. Some payroll systems will have automated calculations for tax so that they can input the info using pre-existing data. Such processes are handy to avoid the risk of human error. 

Simple direct deposit 

With a simple direct deposit process, gone are the days when your employees would have to wait for their checks. Modern payroll software and systems will connect with banks and pay into your employee’s accounts immediately. With easy direct deposit, there’s no chance of lost payments or mistakes. Downtime only equals dissatisfied employees and thus decreased levels of productivity. As digital processes advance we must utilize them in order to provide the best for our employees and consumers. 

Online self-service 

A modern employee payroll system offers a self-service online portal. These are handy to let your staff login and access all of their payroll information. Such portals make it easy for mistakes to be fixed or pointed out if need be. Payroll software can allow your employees to view past pay stubs as well as enrolled benefits that they may have. 

Time-saving 

When you outsource your payroll services, you take away those time-consuming admin tasks from your team and gain back some time. When you’re looking for a payroll system, it’s better to choose a company with a team of staff behind it; as opposed to a merely software-based system. That way, you’ve got all the bases covered. When you save time on tasks that can be automated or outsourced, you’ll increase productivity overall.

Simplify your processes 

Finding the right payroll system and software can help to simplify your processes. You’ll have seamless access to everything from your reports to your W-2 forms. It’s easy to look back on past pay stubs should you need to access any historic info. When you’re signing on a new staff member, you’ll certainly be glad of such simplicity. When dealing with vacation and sick pay; it’s also easier to automate the allocation here. 

With a personalized dashboard for everyone in your company; you’ll increase efficiency overall. As technology advances, a modern payroll process has come to be the norm. Adopting the most advanced ways of doing business will allow you to stay one step ahead of your competitors ongoing. 

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What factors affect your credit scores?

TransUnion TransRisk. FICO®. VantageScore®. These are just some of the credit scores creditors may have at their disposal when they’re evaluating your credit. Which one (or ones) they use to help predict what kind of a borrower you’ll be is up to them—and each credit score flavor has its own secret recipe. While you can’t find out exactly how credit score creators craft those 3-digit numbers, you can familiarize yourself with the 5 ingredients most scores have in common.

1. Your payment history

You know how food packaging labels list the ingredients in the order their amounts are found in the food? For many credit scores, payment history is at or near the top of the ingredient list. And for good reason. Whether or not you’ve paid on time is pretty useful when it comes to figuring out whether you’ll be a responsible borrower. Accounts showing late payments or charge-offs, delinquencies, accounts in collection, bankruptcies, tax liens and many other pieces of payment data generally make their way into credit scores in some shape or form.

Nugget of wisdom: Pay your bills on time and pay off delinquent accounts as soon as possible.:

2. Total debt

This is another big ingredient. Credit scores will generally factor in how much you owe across all your accounts. They’ll also look at your utilization rate. Even though it sounds like those hard-to-pronounce food ingredients, it’s neither harmful nor too complicated. Your utilization rate is how much credit you’re using compared to how much is available to you. So if your credit limit is $10,000 and you’re using $1,000, your utilization rate is 10%. Scores will generally get into all sorts of other details about how much you’re borrowing, things like how many accounts you have, how much you owe on installment accounts versus credit card accounts, etc

Nugget of wisdom: Don’t overextend yourself—only take out debt you can comfortably pay off.

3. Credit history length

This credit score ingredient is pretty straightforward: how long have you been using credit? Credit scores typically factor in how far back your first account was opened and the average age of all your accounts.

Nugget of wisdom: Think twice about closing accounts. We’re not saying closing accounts is bad, but just be aware that if you’ve had the account open for a long time and you close it, your credit score may take a dip.

4. Inquiries

When you apply for new credit, the creditor will almost always pull your credit report when evaluating your application. That credit report request to a credit bureau is known as a hard inquiry. Credit scores tend to incorporate how many recent hard inquiries you have on file. The idea is this: if you’ve applied for credit a lot within a short period of time you may be struggling to get credit.

Nugget of wisdom: Be conscious about how often you’ve been applying for new credit. Credit scores will generally take a hit if you apply too often within a short period of time.

5. Variety of accounts

This ingredient usually plays a small role in the crafting of a credit score, but it’s usually in there. Creditors like to know that you can handle paying a variety of different kinds of accounts. So you may get a small boost when you establish a different kind of credit account—installment loans vs. revolving, for example—and start making regular payments on time.

Nugget of wisdom: Don’t go buy a car or take out a mortgage just for your credit score’s sake. But if you’re at that point in your life, you’re financially ready and your credit’s the same in all other respects, branching out may give your credit scores a small positive nudge.

Credit scores are really just different takes on your credit health. So while you can’t control how credit scores are calculated or which ones are used, you can control your borrowing, payment and debt management habits. Because whether it’s what you eat or what your credit score is, healthy ingredients make for a healthier product and a healthier consumer.

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Absolutely The Most Essential Ways To Safeguard Your Business 100%

More than just money goes into setting up and running a successful business. In fact, its effort, time, and emotional investment as well. Of course, with so much being involved, protecting your business is always a chief concern for owners and managers. Although, with so many varied factors that can become potential threats, it isn’t the easiest thing to do. Happily, you can find some advice on how to best safeguard the success and longevity of your business below. Read on to find out more. 

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Crime

No one wants to believe that their business is vulnerable to crime. However, you can never guarantee that the people that work for you, or that those buying your products will treat your company with the same respect as you do. Sadly, that means on occasion, your business can be a victim of crimes such as theft, vandalism, and even fraud. 

Of course, because each of these issues is so different, they do need a range of preventative strategies to be put in place. For example, if the concerns with theft, you have centre around shoplifting by people in-store, boosting your business’s security is a must. Something that you can do by installing CCTV cameras at key points, as well as investing in security tag readers for all of the exits. Some stores even find it helpful to employ security guards as well, especially if shoplifting has become a significant problem. 

Unfortunately, not all thefts are committed by outsiders in a business. In fact, sometimes, a company can be targeted for this sort of crime from the inside by its own employees. Of course, if you are concerned about internal theft, there are some strategies you can use to minimise the risks and protect your business. 

The first is to install lockers and ask everyone to leave their bags and personal belongings in there. This being an action that reduces the ease of getting stolen items out of the building undetected. Additionally, CCTV cameras in critical positions such as by the tills can help to prevent any mishandling of money or returned goods as well. You may even want to introduce random checks as a way to discourage theft too.

Cybercrime 

Then there are the issues with cybercrime that you need to defend your business against. Something that can be a serious problem, with so much of everything companies do now being online.

In particular, it’s crucial that you make sure to implement tactics that will help to protect our company from Malware. This being any software that has a malicious intent such as Ransome wear, viruses, and spyware. 

Recently issues with Ransome wear have come to the foreground because many smaller businesses have been targeted. A situation that often involves the freezing of online resources and systems, and the threat to delete them if a ransom isn’t paid. Of course, paying the ransom is nearly always a bad idea as it just perpetuates this form of criminality and could even make your business into a further target. Although, if you do choose to pay, be sure to negotiate your terms with the criminals first. Something that is often possible because they provide details of how to contact them to make the payment! 

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Alternatively, depending on the type of ransomware you are affected with, it may be possible to cleanse your system. Something that you can try and so yourself, although it’s probably a better idea to get your IT company to handle this for you. 

Of course, doing this will only get rid of the Ransome wear and not give you access to any data that is lost. This means that you will need to reboot your system from any backups you have. A situation that means regular server or cloud backups are essential if you are to protect your business from harm. 

Another type of cybercrime that can threaten the safety of a business is fraud, mainly the stealing of customers financial details to use elsewhere. In fact, this can create a double issue because it does not just present a challenge to the trust you have built up with your customers. It can also cause a potential PR nightmare as well. Something that we will discuss in more detail later in the post. 

The good news here is that there are some things you can do to prevent the theft of customer’s financial details in your business. One is to avoid the use of any USB sticks, as then data cannot be downloaded and taken off-site. Additionally, not allowing the use of mobile or smartphones in the workplace can prevent any pictures of financial details being stolen or recorded too. 

Finally, making sure that your IT security is robust as possible is essential because such a threat can also come from outside your business as well as inside. An issue that your IT provider should be able to advise you on. 

PR / complaints 

Effective safeguarding of your company also requires that you pay attention to public relations. That is how the public at large, and particularly your targeted demographic perceive you. After all, if those you are hoping to sell to do not hold your brand in high regard selling enough units will be a real uphill battle. 

With that in mind, there is a range of tactics you need to put in place when it comes to protecting your company’s reputation. One is to do all that you can to encourage positive reviews, especially on independent sites like TrustPilot. The reason being that these are seen as more authentic and so will have a more significant effect on customers buying decisions. 

Happily, doing this isn’t as laborious as it may seem at first. In fact, it is mostly about paying as much detail to the customer’s experience as possible. From when they first step into your business or search for your website all the way through to aftercare. In particular, making sure your buying process is easy and intuitive for your customers is essential. Oh, and being able to guarantee you can provide the products you need, within the time frame they want is important too. Additionally, providing an easily accessible customer service, that is focused around solving any problems is crucial. The reason being it will help you to go above, and beyond customers expectations to not just deliver, but delight as well. 

Mistakes and oversights most definitely come under the banner of PR and complaints as well. Whether they are from clients or employees, mostly because they have the potential to severely impact on the public’s opinion of your business negatively. 

To that end, you must minimise the chances of any mistakes occurring. Something that you can do by having transparent processes and procedures for any possible eventuality. Quality control is another vital aspect of preventing errors and oversights as well. Lastly, making sure you are covered even if things do go wrong is crucial here. After all, you can minimise the likelihood of mistakes but never eliminate them entirely. 

Happily, by investing in products such as Business Insurance from Krywolt if something does go wrong, your company will be protected and covered. Something that means you won’t have to find the money to fight a court case or pay compensation if things do not go in your favour. A situation that could not only damage your business’s reputation but wipeouts its bank account as well, causing further catastrophe and the inability to continue trading. 

Competition 

Another essential way that you can help to safeguard your business is to make sure you stay ahead of your closest competitors. In fact, without an edge in the marketplace, your business can be left in the dust, even if your product and concept is sound.

Luckily, there are a range of methods you can use to stay ahead of your competition. One of these being to take pains to safeguard your intellectual property. In fact, with the exchange of information being so instantaneous now the spread of ideas happens at lightning speed. Of course, this is excellent news in terms of marketing, but not so useful if you want to stop plagiarism or cheap knock-offs being generated for a quarter of the price in China. 

With that in mind, making sure you protect your intellectual property is vital here. Something that you can do by applying for a copyright or a patent on your product or asset. Additionally, you can further protect your products by branding them in such a way that anyone buying cheap fakes will miss out on the entire experience. This being something that can be surprisingly effective, as, for many customers, the lifestyle that a product represents is just as important as the item itself. 

Summary

In summary, if your goal is to protect your business, there are several things you need to consider. The first is safeguarding it against crime and cybercrime. While the second is making sure you maintain a positive public image. Lastly, you need to be able to keep up with your competition. If your business is to be successful and to continue trading over the long term. 

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Financial Independence Means Having a Plan for Retirement Income

Originally Posted by Jerry Golden on silvernest.com on Jul 10, 2017 

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Maintaining your financial independence throughout your life is dependent on the plans you make to create retirement income.

When you are working, you have to decide how much to put aside for your retirement savings account. You have to plan for your kids’ education, you plan for owning or renting your primary residence, and to take care of your insurance needs, plus a whole lot of other decisions.When you approach retirement, to maintain your financial independence you need to decide where and when to retire and whether to continue working part-time. Financially, should you collect Social Security payments as soon as you can or wait as long as possible until age 70? Roll-over your 401(k) or other qualified savings? Begin a withdrawal plan, elect to annuitize your savings or a combination?

Late in retirement, your decisions might concentrate on downsizing, simplifying your finances, and reducing financial risk. Unfortunately, maintaining financial independence during this stage may require making smart decisions in the earlier stages.

At each stage, the focus should be on ensuring you have enough dependable, spendable income – for life. (The key is to find income that is guaranteed for the rest of your life.)

Financial independence means having enough income to meet your basic expenses and income you can count on.

Creating financial independence from your savings

  • Your home can be an excellent source of tax-free income. Used in moderation, a reverse mortgage can provide both income early in retirement and liquidity later in retirement.
  • Your rollover IRA acts as a replacement for a traditional pension, which most of us don’t get any more, and you can create some of the same peace of mind by allocating a portion of your IRA savings to purchase income annuities. You can also take a portion of these savings and purchase a QLAC (see below).
  • Your deferred annuities have been compounding at tax-deferred rates of return for a number of years and building a nice nest egg. Like the rollover IRA, you can exchange all or a portion for income annuities to create both secure income as well as spread out any taxes that would be due if you merely withdraw the savings.
  • Your personal savings can be a source of secure income if you have sufficient assets to generate meaningful dividends or interest. If not, take a portion of your conservative fixed investments to purchase an income annuity, which will increase the cash flow from these savings.
  • Your Social Security is an important source of guaranteed income. If you can find income from other sources until you reach age 70, you may be able to delay taking Social Security payments to maximize the payout.

How to create dependable, spendable income

In addition to Social Security or a traditional pension, a product called an income annuity is the only other way to provide guaranteed lifetime income. In return for a one-time payment, an insurance company will send you a monthly check for the rest of your life. The income can start immediately or at a later date, and there are other provisions you can apply, such as continuation of payments to a spouse.

One form of deferred income annuity called a “QLAC” or “Qualifying Longevity Annuity Contract” is purchased with rollover IRA savings. It provides income in the second stage of retirement, when health expenses can be expected to increase. A QLAC starts paying out at an age you choose, usually 80 or 85. And the payouts are substantial. That’s around the age many retirees start to recognize that their savings, which seemed very large 20 years earlier, might not pay all the bills over another 5, 10 or 15 years.

Lifestyle decisions

If you decide upon retirement to move into a smaller house, you might also consider the community and services: Will you require a car? Is there a local bus or train service? Is the library or community center easy to get to?

For peace of mind, the simpler your finances are, the less likely you will need help keeping track of them. You know what to expect if your income is deposited monthly from Social Security and an income annuity. You can also set up automatic bill payments, too. That means you don’t have to rely on a financial advisor and your kids don’t have to worry, either.

When you visit Go2Income, you can research what type of annuity might best suit your needs. It will also let you determine how much income your savings can provide, based on facts, not guesses about the stock market’s future.

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How often should you check your credit reports?

Monitoring your credit is like getting a regular checkup at the doctor — it seems like a hassle but it’s important.

When it comes right down to it, you really do want to find out if something is wrong before it’s too late. Identity theft is a great example. If someone is using your personal information—your name, address, credit cards, etc. — you want to find out as soon as possible. Credit Monitoring may not seem like something you need to do but it doesn’t take long for someone to open accounts in your name, take out loans, or buy a car. A lot of damage can be done in a short amount of time.

With good credit monitoring, you can catch things before they spread. It’s the financial equivalent of a regular checkup. You get tips about credit card utilization and how credit inquiries can influence your credit score. Every little bit helps.

Also, unfortunately, mistakes happen. As an example: a university could report a student as late on loan repayment — even when the student is still enrolled full-time. This could happen without anyone even sending a bill — a simple clerical error. Suddenly, a credit report is showing the loan as 30 days late, then 60, 90, 120, and all without the individual’s knowledge. The reality is that errors happen, and if you aren’t monitoring your credit report, you often don’t find out until you’ve been denied for something, like a new line of credit, or more credit on an existing line. And mistakes of this kind aren’t easy to sort out. It can take months, or longer.

Or what if you’re planning on buying a new house? You think your credit is in order until the bank denies your application. Why? Apparently you owe hundreds of dollars in interest on a purchase you never even made. Our advice? Stay on top of it. Monitor your credit report. Have access to it every single day.

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