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The benefits of having strong credit
NNPA NEWSWIRE — You can manage your credit to help you with future purchases — such as a home or vehicle — in a number of ways. Ultimately, strong credit can help you reach your goals by qualifying you for loans, contracts, discounts, and access to even more credit options.
Learn how having healthy credit can help you access new opportunities, plus some tips on how to manage it.
Your credit score is one of the most important measures of financial responsibility. It’s a big part of what lenders and vendors look at when considering you for a loan or line of credit. It also can impact your ability to rent an apartment, sign a phone contract, or even get a job. Once you have established good credit, work to keep it that way so you can continue to enjoy the opportunities that come with good credit.
The financial benefits of good credit
Strong credit can help you get:
- Easier approvals: Mortgage lenders, landlords, and auto finance companies will check your credit to see how reliable you are when it comes to paying bills on time and managing debt. Some employers will run a credit check if the job requires you to access money or sensitive data.
- Lower interest rates: A high credit score not only makes it easier to be approved for services but it may also mean you may qualify for a lower interest rate on future credit accounts. You also likely won’t need a co-signer to get approved.
- Savings on insurance: According to Certified Credit Counselor Netiva Heard, founder of MNH Financial Services, LLC, having a good credit score can help you save money on insurance rates, though the impact of your credit on this may depend on the state you live in. “Insurance companies have found that those with higher credit scores file fewer claims,” says Heard. As a result, some adjust their rates so people with good credit tend to pay lower premiums.
- Additional savings: Having good credit may even give you the ability to purchase a service without putting down a costly deposit beforehand. To learn more about the perks of having good credit, visit the Hands on Banking® website.
How to manage your credit
You can manage your credit to help you with future purchases — such as a home or vehicle — in a number of ways:
- Use credit cards smartly: Sometimes simply having a credit card can lead to spending more than you intended, leaving you unable to afford the balance. Failing to pay your credit card balance on time every month can rack up interest and hurt your credit score, so don’t spend more than you’ll be able to pay back. If you’re considering using a credit card to build your credit, take a look at the Hands on Banking website for tips on using one responsibly.
- Pay down other debt: Your credit card balance is not the only thing that can affect your credit score. Student loans and other forms of debt can lower your credit score if not managed correctly. Keep track of payments, and try to pay a little more than the minimum balance each month. Keeping your debt low can help you maintain and even improve your credit over time.
- Ask for help when you need it: If making payments on time for your credit card or a loan payment becomes too difficult, don’t be afraid to speak with the lender to negotiate a payment plan that works for you. It’s better to get ahead of any potential problems before you fall behind on payments.
Regularly review your credit
Beyond credit growth, review your credit reports annually to make sure nothing fraudulent or negative has been reported. Every 12 months, you can access your report for free from each of the three largest credit bureaus in the United States at annualcreditreport.com. “Be sure to check the inquiry and personal data sections where signs of identity theft can be spotted right away,” says Heard.
Ultimately, strong credit can help you reach your goals by qualifying you for loans, contracts, discounts, and access to even more credit options. Discipline and the ability to pay your credit-related debts off every month comes first, however.
© 2019 Wells Fargo Bank, N.A All rights reserved.
#NNPA BlackPress
#LET IT BE KNOWN — LIVE FROM THE DEMOCRATIC NATIONAL CONVENTION
#LET IT BE KNOWN — LIVE FROM THE DEMOCRATIC NATIONAL CONVENTION
#NNPA BlackPress
Democrats Call for Fierce Defense of Democracy and Working-Class Values
NNPA NEWSWIRE — Democrats from all political backgrounds came together to honor President Biden’s legacy, which includes unwavering efforts to reduce costs for middle-class Americans, repair a deteriorating infrastructure, and defend democracy from unprecedented threats.
![](https://www.postnewsgroup.com/wp-content/uploads/2024/08/DNC-2024.jpg)
By Stacy M. Brown
NNPA Newswire Senior National Correspondent
@StacyBrownMedia
In an electrifying moment at the Democratic National Convention (DNC) that likely set the tone for the party’s campaign, Vice President Kamala Harris made a surprise appearance on the opening night, seizing the stage to the triumphant anthem of Beyoncé’s “Freedom.” The crowd erupted with fire in her voice as Harris declared, “I want to kick us off by celebrating our incredible president, Joe Biden. Thank you for your historic leadership, for your lifetime of service to our nation, and for all you will continue to do. We are forever grateful to you.” The first night of the DNC was more than a celebration; it was a battle cry. Democrats from all political backgrounds came together to honor President Biden’s legacy, which includes unwavering efforts to reduce costs for middle-class Americans, repair a deteriorating infrastructure, and defend democracy from unprecedented threats. The message was clear: Biden’s work is not done, and Vice President Kamala Harris and Governor Tim Walz are ready to continue that fight.
Speakers who are most familiar with Biden, such as Senators Raphael Warnock and Chris Coons, as well as Dr. Jill Biden and Ashley Biden, shared stories that painted a picture of a president who is unwaveringly dedicated to the American people. “In public and in private, President Biden never backed down from his vision for an America where everyone has a fair shot,” Warnock emphasized. Dr. Biden and Ashley Biden gave heartfelt tributes to the man who led the nation and his family with steadfast devotion. The emotional high point of the evening came when Biden, introduced by his daughter Ashley, took the stage to a thunderous ovation as “Your Love Has Lifted Me Higher” filled the arena. The crowd’s response was deafening, with chants of “We love Joe” and “Thank You, Joe” reverberating throughout the hall, a powerful testament to Biden’s connection with the American people.
In a speech that was as much a rallying cry as it was a reflection on his presidency, Biden delivered a stark reminder of what’s at stake. “Let me ask you… Are you ready to vote for freedom? Are you ready to vote for democracy and America? Are you ready to elect Kamala Harris and Tim Walz?” Biden’s words resonated as he recalled the perilous moment of his inauguration, just weeks after supporters of the twice-impeached former president stormed the U.S. Capitol. “You cannot say I love my country only when you win,” Biden asserted. “The winter of peril and possibility has passed, and with a grateful heart, I stand before you to report that democracy has prevailed. But now, democracy must be preserved.” Biden highlighted the progress made under his administration, pointing to economic recovery, healthcare expansion, and the battle against corporate greed. He singled out Harris’s critical role in these achievements. “We’ve gone from economic crisis to the strongest economy in the world… More Americans have health insurance than at any time in American history. And we finally beat big pharma. Guess who cast the tie-breaking vote? Vice President and soon-to-be President Kamala Harris. Now it’s the law of the land—$35 a month for insulin.”
The evening was charged with passionate speeches that struck the heart of the nation’s issues. Former Secretary of State Hillary Clinton delivered a searing indictment of Donald Trump, contrasting Harris’s steadfast dedication to American values with Trump’s chaotic legacy. “Kamala won’t disrespect our military and our veterans,” Clinton declared to thunderous applause. “She will defend democracy and our Constitution and will protect America from enemies foreign and domestic. Donald Trump fell asleep at his own trial, and when he woke up, he made history as the first person to run for president with 34 felony convictions.” Representative Alexandria Ocasio-Cortez delivered a fiery endorsement of Harris, framing her as the champion of the middle-class needs. “In Kamala Harris, we have a chance to elect a president who is for the middle class because she is from the middle class,” Ocasio-Cortez proclaimed. “She understands the urgency of rent checks, groceries, and prescriptions. She is as committed to our reproductive and civil rights as she is to taking on corporate greed. She is working tirelessly to secure a ceasefire in Gaza and bring hostages home.”
Ocasio-Cortez didn’t hold back in her critique of Trump, accusing him of being a self-serving demagogue. “Donald Trump would sell this country for a dollar if it meant lining his own pockets and greasing the palms of his Wall Street friends,” she said. “I, for one, am tired of hearing about how a two-bit union buster thinks of himself as more of a patriot than the woman who fights every single day to lift working people out from under the boots of greed trampling on our way of life.” The night was filled with moments that galvanized the crowd. Golden State Warriors Head Coach Steve Kerr, invoking the words of Steph Curry, declared, “After the results are tallied that night, we can tell Donald Trump, ‘Night, night.’“UAW President Shawn Fain tore off his jacket to reveal a shirt emblazoned with the words “TRUMP IS A SCAB,” igniting the crowd into a fervent chant of “Trump’s a scab! Trump’s a scab!”
In one of the night’s most pointed moments, Rep. Jasmine Crockett drew a stark contrast between Harris and Trump: “She became a career prosecutor while he became a career criminal. Who would you hire? Donald Trump or Kamala Harris? Kamala Harris has a resume, and Donald Trump has a rap sheet with 34 felonies, 2 impeachments, and 1 porn star to prove it.” The NAACP President Derrick Johnson and Melanie Campbell, the President and CEO of the National Coalition on Black Civic Participation, led a standing ovation for civil rights icon Rev. Jesse Jackson during the celebration.
Chicago Mayor Brandon Johnson also delivered a powerful message that resonated deeply with the audience. “I know that my daughter will see not only a reflection of herself in the White House, but she will experience the deepest part of American values… Kamala Harris—she’s got us.” Harris’s words from earlier in the night echoed as the event ended: “We are at a pivotal moment. The choices we make now will determine the future of our nation. Together, we will fight for the soul of America and build a future where everyone has a fair shot. Our best days are still ahead, and we are ready to lead.”
#NNPA BlackPress
L#LET IT BE KNOWN — LIVE FROM THE DEMOCRATIC NATIONAL CONVENTION — DAY 2
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