The Score card will help you take your everyday monthly purchases and allow you to not just earn money on them, but it will show you how to use them to maintain and increase your credit rating. Unlike any other card in existence, the score card allows you to set your own credit limit and then helps you to stick to the credit plan you help create, this includes setting out a customized payment date, the previously mentioned credit limit and how you would like to receive your cash back rewards.
The card itself is simple to understand. Every month you have regular transactions that you make that would accept a visa or mastercard as easily as they would accept your debit card. Score teaches you to use your monthly paycheck to pay off your card and then use your card to make your purchases. By inserting your card between yourself and your vendors, you protect your purchases from fraud, not only that you also ensure you spend only what you have the money to spend on, you manage every single purchase you incur and you pay off your card monthly. This kind of spending which includes heavy usage and continually paying off your card is viewed as favorable by a credit grantor and is reported to a credit reporting agencies. Thus allowing other credit grantors to view you as a potentially positive credit risk. Continuing this cycle over time and making use of the additional tools you can learn about in our recent book “Raise Yourself From Debt to Wealth” will provide you real and practical tools to not just pay off your debt but to save money while you do its and preserve and increase your credit rating as you do so.
