Tax Advisor Barry G. Fowler Urges Sensible Use of Credit in Back-to-School Spending
Barry G. Fowler, EA, leading expert in tax resolution issues and CEO of Taxation Solutions cautions families against overspending when preparing to send kids back to school or off to college, offering tips to follow to regain or establish good credit scores.
Houston, TX – September 7, 2016 – Barry G. Fowler, CEO of Taxation Solutions, posted a new article on his website entitled “Don’t Allow Back-to-School Spending to Hurt Your Credit Rating.” According to Mr. Fowler, “Going back to school is second only to the holidays when this kind of overspending happens in families.”
Fowler writes, “In last month’s blog entitled “Become and Remain Credit Worthy”, I wrote about the importance of getting and maintaining a good credit score. With kids getting ready to go back to school, and some maybe heading off to college, this is a time of year when some people tend to overspend and do damage to their credit.”
As Fowler states, “I understand the desire to make sure your kids have everything they need for their education.” He adds, “And I understand the great importance of protecting your credit rating even if it means scrimping a little on the kids.” “More importantly,” says Fowler, “if you have a kid going off to college, it’s critical to teach them the responsible use of credit. They will mirror your own behavior.”
According to Fowler, “Having a good credit score is like getting a high SAT score. It opens doors easily when it comes time to buy any large item like a car, a home, or a business.”
In the article, Fowler offers a range of practical tips including everything from paying bills on time to “budgeting credit card payments the same way you budget for mortgage and food.”
The entire article can be read at https://www.taxationsolutions.net/you-dont-need-to-shoot-for-the-top-credit-score/
About Barry G. Fowler, EA
Barry G. Fowler founded Taxation Solutions out of a genuine concern for the IRS issues his clients face, many of whom are self-employed, contract employees, or entrepreneurs. For his contributions to his profession and expertise in tax resolution and financial planning, Fowler has been featured as one of America’s Trendsetters on CBS and Yahoo, and as a Premier Expert in Inc. Magazine. He has been instrumental in helping hundreds of people resolve complex tax issues with the IRS.
Fowler is licensed to represent taxpayers before the Internal Revenue Service, and is a longstanding member of several tax industry professional organizations: NAEA, NATP, TSEA, ASTPS.