The Credit Game

monopoly

Remember Monopoly?  It is a fun game, right?  Well, there’s another game to tell you about.  But it is a very serious game! In this game, if you continue to be a pawn and NOT the King or Queen in this game, you will be INDEBTED for LIFE. You are going to have to get off of the Credit Band Wagon if you are going to have any semblance of freedom. What game am I speaking of? It is the Credit Game. These companies make tens of millions of dollars. Guess where that money is coming from? The profit is coming by way of fees and penalties. Guess who are paying all the wild fees and crazy penalties – the minorities and the poor. Someone asked, “Well, are not the two the same?” This is interesting, a very interesting question, we will revisit this question at a later time.

Meanwhile, did you know that your Credit Report costs anywhere from $8 to $10, per report? However, you are entitled to One Free Report each year.  You can request your Free Credit Report by clicking on the following link: www.AnnualCreditReport.com. It is the official site whereby the three (3) bureaus, Equifax, Experian, and TransUnion was ordered by your government to have a central source whereby you and other consumers can obtain your report. Do yourself a favor – PRINT the report once it populates into your online account with Equifax, Experian, and/or TransUnion. You should keep this report – FOREVER. Should you go ANYWHERE else for a report, you WILL PAY for the report – somehow or someway and for what? You do not have to pay for your credit report when you can obtain it at No Cost at www.AnnualCreditReport.com.

You should in my opinion review your report at least twice annually. Quarterly would be best as mistakes are made – daily.  We’ve not a clue exactly how many mistakes, but chances are that your  data was among the mistakes.  Humans make mistakes. Should you decide to start with one report a year, it would be my suggestion that you obtain your credit report in the month of your birthday. It should be easier for you to remember, right? Put those monies that you otherwise would have spent on the credit report towards one of those credit cards that you shredded or closed. Speaking of “closed”, there’s so much more to come on this subject. Stay tuned, Period, Case-Closed!

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