HAMLET – Richmond Community College’s Small Business Center will present a free seminar on Thursday, January 25, on how to increase personal credit scores.
The free seminar called “How to Increase Your Credit Score to Over 740 Points – Prepare for a Bank Business Loan” will be held from 6 to 9 p.m. at the Cole Auditorium.
As of Oct. 1, 2005, every adult in North Carolina has been able to receive a free credit report from each of the three credit reporting bureaus. This seminar will help attendees understand these credit reports and how to read them.
A “very good” credit score is now considered to be 740 points or higher. Now more than ever, having good credit is important in being able to obtain a loan for a business or to obtain a personal loan. Credit score is also important in determining the interest rate of loans, insurance premiums and deposits required for phone and utility services.
Should a person have one credit card or four? Should they pay off your balances every month or carry a balance? Should a person carry a credit card even though they have not used it in years? Presenter Bob Moore will answer these questions and more during this free seminar.
“In this three-hour seminar, we will discuss the history of credit scoring, how to read a credit report and what factors are used in calculating your FICO, Beacon, or Vantage score,” Moore said. “You will learn the legal tricks credit bureaus do not reveal on how to raise your score simply by the way you use your credit cards, treat inquiries, make your payments and carry balances. Using several proven methods, your credit score could increase by 50 to 100 points or more within 30 days.”
To sign up for this seminar on January25, contact Butch Farrah at 910-410-1687 or wofarrah@richmondcc.edu. This seminar is free and open to the public. Pre-registration is recommended, but walk-ins are welcome.
