Whether it’s a car loan or a home mortgage, having better credit makes it easier – and less costly – to borrow money from lenders.
There are a number of ways to improve your credit report. Here are a few of the steps you can take to not just have better credit, but also better manage your finances:
Track your expenses for one month to see where your money is going, and create flexible budget.
Stop using credit cards. Keep low balances on credit cards.
Join a credit union, which typically is more likely to give you a loan than a regular bank.
Avoid bankruptcy, which should be seen as a last resort.
For more information on building your credit, read this Consumer Advisory.
Unemployment Benefit Email Scam posted on Sep 19
If you are receiving unemployment benefits in Massachusetts, beware of emails from an out-of-state firm calling itself Unemployment Assist. The emails, with a subject line that reads: “ID Eligibility Requirement 1: Must be Available for Work” or “Verification Required: 2nd Request” request personally identifiable information, …Continue Reading Unemployment Benefit Email Scam
Avoiding Scams during an Election Year posted on Sep 16
The November elections are fast approaching and the Office of Consumer Affairs and Business Regulation is warning consumers about the risks of Election Season scams. Scams can include scammers posing as representatives of a political campaign soliciting donations; scammers posing as election officials looking …Continue Reading Avoiding Scams during an Election Year
The Skinny on Dietary Supplements posted on Sep 14
We’ve all seen the ads for weight-loss pills and other dietary supplements online, in our favorite magazines, and in television commercials. But what do consumers really know about this market? After a recent investigation by Consumer Reports into the supplement market, we put together some tips consumers should keep in mind.