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Daily Herald
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It is amazing that individuals who get turned down for new credit are putting the blame on their bank or credit union. Well, it is about time that people take responsibility for their own actions. Six months before you even think about getting a loan, check your credit and FICO scores. This will give you time to fix any problems, because it can take that long to do so. Have balances on your credit cards to a low amount or paid off in full.
By a low balance, I mean one to five percent of what your line of credit is. Do not not just pay on a vehicle loan for six months to a year. Go at least two years, and even better, pay on it for at least four years. Do not be late on any account for any reason. Never tell your creditors that you are too busy to take care of the problem. If you have time to golf, watch movies, etc., then you have time to tend to your responsibilities.
•Bob Tackleberry,
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