Minimize Damage from Late Payments

An offer from a so-called credit restoration company is all too likely a scam and won’t do a thing to improve your credit score. The truth is, only you can repair your credit by paying your bills on time every month. That said, there are things you can do to minimize the damage from late payments in your credit report that lower your score. Today on MoneyWise Rob West and Steve Moore explore what those are. 

• If you just got a new job and would like to start saving money, what’s the best way to get started?
• If your wife is a federal government employee and has about 8 years to retire and all of your retirement money is in her 401(k), is there anything you should know about it before you retire?
• If you looked at an online credit simulator and it indicated that you should keep a balance on your cards to have a higher credit score, is that correct?
• If your children are no longer dependent on you and you cancelled my life insurance policy to free up $600 per month, what’s the best way to put that money to work?