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It is the wedding season and many newlyweds are about to start
their life together. While they have the same dreams and goals as
newlyweds before them, many are going to find it much more
difficult to get credit to finance those goals. New credit card
regulations and the reaction by issuers are likely to have a big
impact on those who are just staring out and applying for
credit.
“This a difficult financial time where easy credit is no longer
available to everyone. It is now more difficult to get loans for
homes and credit cards. Your credit scores, history, even spending
activities are now closely watched and you will have to prove to
credit issuers that you are not a risk for defaulting on a loan.
The sooner you start planning for this, the more prepared you will
be. Your engagement period is a good time to start building a
financial plan,” says Bill Hardekopf, CEO of LowCards.com and
author of The Credit Card Guidebook.
Your spouse is your “business” partner as well as your life
partner....
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Tribune
Tags: Card, Life, Credit, Financial, Goals, Time, Start, Difficult, Newlyweds
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