THE WEIRS TIMES, Thursday, March 18, 2010
27
Your Money
TIPS & TRICKS FROM FINANCIAL EXPERTS
cREdit from 26 credit limits on all of your
AdvOcAtES from 9
extending yourself and credit cards. For example, land - and I thank them.
refrain from applying for if your credit card’s limit ********
credit needlessly. is $10,000 and you owe Mark Tapscott of
$2,500 - your credit utili- Washington Examiner:
3. Start paying off your zation rate is 25 percent. “Members of the U.S.
credit card debt and According to Experian, House of Representa-
LOCAL EXPERIENCED
leave the account open consumers on average tives have never before
Paying down debts and are utilizing more of their been asked to pass leg-
BANKRUPTCY ATTORNEY
paying off credit cards available credit. At the islation by ‘deeming’ it
is always good for your end of 2009, the aver- approved under a House
Atty. Stanley Robinson is designated as a Federal
No Cost Involved - Just Your Time.
credit, but closing a cred- age utilization was 22.1 rule instead of following
Relief Agency by an act of Congress & has proudly
it account could have a percent compared to the the process required by
assisted consumers seeking debt relief under the
negative impact on your same time last year when the u.S. Constitution in
credit scores, at least for average utilization was which they actually vote
U.S. Bankruptcy code for over 30 years.
a short time. Some people at 19.1 percent. Closing on the proposal itself, ac-
start with their small- accounts reduces your cording to a senior aide
603-286-2019 • shrlawoffice@gmail.com
est debt. They can pay it available credit, which to House Republicans.
off fairly quickly, which can increase your utiliza- House Rules Committee
gives them a sense of ac- tion ratio or balance-to- Chairman Rep. Louise
Retirement Should Be a
complishment. That pay- limit ratio - a sign of risk Slaughter, D-NY, who,
ment amount can then that can negatively impact at the request of House
Time for Enjoyment
be added to the payments credit scores. Speaker Nancy Pelosi,
for a larger debt so that D-CA, is trying to fashion
Is a Reverse Mortgage Right for You?
it can be paid off more While there is no quick a rule that would allow
quickly. Others start with fix for bad credit scores, the House to move to- Call Mark TODAY!!
a large debt and get it out there are straightforward ward passage of a health
To answer your questions and
of the way. Getting a big steps we can all take to care reform bill without
for your Free Audio DVD
weight off your shoulders help clean up and improve a recorded vote on the
can help knock out the our financial well-being. Senate version.” Are you
603-387-1849
25 Country Club Rd. Ste 505E • Gilford, NH 03249
remaining debts faster. If So when you’re clearing angry yet?
No Cost Involved - Just Your Time.
one debt has a higher fi- out the clutter in your
nance charge, it is always living room, don’t forget
smart to pay the most to- to review your finances

ward the balance of that and see what else you
account. That’s because can do to get organized
Q: Who should you turn to for a reverse mortgage?
so much of your money is for the spring season. For
going toward fees and in- answers to other financial A: A bank that has earned your trust
terest and is not lowering questions and more infor-
the amount of the debt. mation about Experian,
When it is paid off, all the visit www.experian.com/
money you were paying crediteducation.
in interest can be applied
CoUrtesy oF ArAContent
You’re invited to a free
to the balance of another
account. Reverse Mortgage Workshop
Tuesday, March 23, 6:00 – 8:00 p.m.
4. use credit wisely
Once you’ve paid down
Snow date: March 24 | Room 202, Laconia High School
your debts, continue to
To RSVP, call Laconia Adult Education at 524-5712.
use your credit cards and
pay the bills on time each
month, and keep your bal-
Learn how you can truly enjoy the retirement you’ve worked
ances low. Credit scoring
so hard for–and get information you can trust. Denise
systems not only look at
Hubbard, a reverse mortgage originator at MVSB with more
individual credit card bal-
than 17 years of experience working with reverse mortgages,
ances, they also consider
will teach a special evening class in conjunction with the
Laconia Adult Education program.
something called your
utilization rate (or balance
11 Locations throughout the Lakes Region
to credit limit ratio). Your
Toll Free: 1-800-922-6872
utilization rate is the total
of the balances on all of
your credit cards com-
www.mvsb.com
pared to the total of the
MSB-562-10 REVERSE MORTGAGE AD; Weirs Times; b&w; 3c (6”) x 5”; dt
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