Credit reports

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money

M  An increasingly important gage of your financial foundation is your credit report.  That report assigns you a number based on whether you pay bills on time, carry debt, or have past bankruptcies.  Does that matter?

V  It does, the lower that score, the higher a mortgage lender will charge you in interest.  Same for credit cards.  In fact, a low score may mean that you cannot open a bank account.  Then you are left with the currency exchange option for bill paying.  Costly. A low credit score my mean you cannot be employed in some sectors.

M you can get a free yearly credit report at www.annualcreditreport.com.  Check it for accuracy.  Remember, resources are all God’s on loan to you. Be wise.