Come On, Ruin Your Credit

The most important factor in this diminishing economic scenario is to maintain the credibility. It is said in the business that even if you don’t have money, you can start the business but even if you have money and you don’t have credibility in the eyes of your colleagues, you can never survive. We are into the deep recession and lack of fund situation only because the normal person has lost credibility in the companies, markets, banks and also in the Governments. So, it becomes very important to live in the hearts of our creditors, rather than eyes.

Well, to construct a building you need years but to destruct, a few hours. Same way, it takes a life time to make an impression and a few careless and harsh moments to lose the temperament from the minds of creditors. Here, are teaching you five tips which are sufficient to throw you out of a good reputation background. The creditworthiness can definitely be ruined without putting hard, in just few steps. Let’s check out those easiest steps which can blacklist you.

1) Don’t check your mail regularly

Who’s got time to do that? With the widest verities of friend circle and also so many fun making activities, why to waste time in checking the mails of bill payments or reminders? Let it be the credit card payment, what difference it makes? Credit card companies are the big hearted guys and they definitely will allow you to pay your bill anytime you remember! Even if you after 30, 60 or even 90 days, what most can happen? It would be difficult to take the credit from them again, or at the most the company may put our name in blacklist? Who cares anyways?

According to Credit.com to pay the bill even in 90 days, is as good as bankruptcy. Even you should be ready to prepare for the brutal consequences by the credit card companies.

Moral of the story:

Just check your mails and posts regularly. Keep habit of putting the check in the mail before time to avoid late payment fees of penalties. Always remember to pay the rent and mortgage on time to avoid harsh consequences. It is suggested that even if you have no full amount to pay, pay half or at least let the companies or the lender know it to make a sound way.

2) Spend beyond your credit limit

This is a bound rule to miss the credibility. If you are earned a lot or even you are allowed to spend say $1000 or even $15000 by the credit card companies, you must spend to the full or even beyond full limit.

You are entitled to spend according to the limit decided by the well dressed bankers. Don’t ever try to see what you have in pocket or even what you maximum can earn in pocket in a month. This situation is the most required habit to invite bankruptcy. Or even it can be said that this is the pride habit which has brought the recession scenario. Keep it up!!

Moral of the story:

It is not compulsory to spend to the limit given by the bankers; you should spend only what you can afford. The ideal character of a creditworthy person is to spend only that amount by card which should be paid fully at the end of the month. So, don’t stress legs out of your shawl, they’ll be exposed.

3) Don’t scare to create bad history

It has become a general practice now, to keep going on with the habits of late payment or overdraft unnecessary. This makes the sense in the eyes of bankers or lenders that the person is keen to make an impression (even negative is also an impression!!) One should never miss a chance to miss the payment date or the commitments, this help lot in minimizing the credibility. Who’s going to remember you even if you pay late every time? Go ahead; don’t bother about the reactions of the lenders.

Moral of the story:

The history of your payment and even the details of date and amounts are automatically kept in record for seven years. So, even if you fail to pay in time, they are going to remember it for seven big yeas. Impressions once deteriorated, can definitely bother you next time of payment. So, try to keep good history to have a relief in urgent needs.

4) Keep changing on the cards

This is a base requirement to make some extravagant expense or to spend out of limit. Even if you have one card, try to keep multiple card option alive as this will enhance your spending habit. Even if you go for a new card, don’t bother to cancel the old one as it may create a bad impression of you. Keeping various cards in wallet will push your personality and give you a good fame around.

Moral of the story:

Put a break on your credit cards or they may break you very well. The moment you get a new card, immediately cancel the old to make waste expenses of minimum balance etc. Keeping various cards can never save money for you; to follow the limit is the key factor.

5) Make a good show-off

Even if you can afford it or not, have a luxurious style life and impress the guys around you. Have a deluxe cab to make your journey fantastic and impressive in the eyes of circle. Never shorten your spending.

Moral of the story:

It is strongly recommended not to spend what you don’t need. The person who spends according to needs, will never trap own self in debt. Live for you, not for others.

These are the dos and don’ts presented in front of you. It is needless to say that follow the morals if wanting a sound financial life and nice credibility.