All the lenders are happy to deal with consumers having high credit scores because for them it's a guarantee
of a responsible financial behavior.
This means that it's very likely that FICO could start evaluating ways non-credit payments actually predict the likelihood
of responsible financial behavior.
Over a number of years this establishes a pattern
of responsible financial behavior which can lead to better interest rates on bigger loans such as a home mortgage or automobile purchase.
Not exact matches
Paying a significant portion
of variable compensation to our senior employees in the form
of equity - based compensation that delivers over time and is subject to forfeiture or recapture encourages a long - term, firmwide focus because its value is realized through long - term
responsible behavior and the
financial performance
of our firm.
This was a remarkable time not only for the typical rites
of passage — figuring out out how to live independently and negotiate the partying and alcohol and social pressures that accompany the college experience — but after my first year my parents pulled the
financial plug so I not only needed to be
responsible for my general
behavior and academics, but also for paying for college.
Regardless
of your starting point — bad credit or no credit — your first action is to begin demonstrating
responsible financial behavior.
By demonstrating smart,
responsible financial behavior and keeping the lines
of communication open about saving and spending, you'll help prepare your children for the
financial responsibilities and independence
of adulthood.
Credit card ownership begins as an inspired privilege, but, without
responsible behavior, can quickly dissolve into a web
of unpaid bills that chokes your
financial future.
An open line
of credit with no activity does nothing to show future lenders your
responsible financial behavior and ability to manage outstanding debt.
The Department
of Health and Human Services established the Child Support Enforcement program in 1975 to «ensure that children have the
financial support
of both their parents, to foster
responsible behavior towards children, to emphasize that children need to have both parents involved in their lives, and to reduce welfare costs.»