Top 3 ways to get and keep a good credit score - News, Weather, Sports, Toledo, OH

Top 3 ways to get and keep a good credit score

Fifth Third Bank's Linda Ewing Fifth Third Bank's Linda Ewing

By Colleen Wells - bio | email

Posted by Nick Dutton - email

TOLEDO, OH (WTOL) - A rebuilding credit workshop on Saturday, March 21, aimed to help folks fight financial problems . Several banking and legal experts were fielding questions and offering advice.

Fifth Third Bank's Linda Ewing says you can turn your credit around in three easy steps.

First, get a free credit report at AnnualCreditReport.com.

"Credit scores are going to indicate what your interest rates are going to be. If your credit score is high, your interest rate will be low and your payments will be lower, so you can save money."

Second, contact debtors. Linda says most companies will work with you, if you're struggling with payments.

"You need to notify them that you have a problem and you want to work through that. Not dealing with the issue means your creditors will turn you over to a collections agency."

Third, make a budget and stick with it.

Ewing says it starts with writing down every penny you spend. Notify your creditors that you have a problem and you want to work through it.

"Not dealing with the issue means your creditors will turn you over to a collections agency."

Experts say whatever you do, make sure you deal with the situation.

Linda says you can win the battle. "There are ways to turn it around...It may take a while, but you can get out of debt."

Today's financial workshop offered several websites helpful in rebuilding credit.

Return to HOME or NEWS page


Copyright 2009 WTOL, a Raycom Media station. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Powered by Frankly