Thursday, August 25, 2016

Efficient Credit Card Debt Management to Boost Credit Scores

Based in Wheaton, Illinois, Tim Salvesen is the vice president of GridLiance. Previously an audit senior manager at KPMG LLP, Tim Salvesen is a member of the American Institute of Certified Public Accountants (AICPA).

AICPA runs the Feed the Pig program that aims at educating Americans on proper saving and debt management practices, including how to improve one’s credit score.

Efficient credit card debt management is one way of improving your credit score. Start with paying your monthly credit card bills on time. Setting up automatic payments is a full-proof way of ensuring you never miss a payment date.

When making these monthly credit card payments, try to pay above the minimum bill as this reduces delinquency and improves your overall credit score. Strive to reduce credit that is close to your limit as this has a bigger impact on your credit score. A good rule of thumb is to always start by paying off cards with higher interest.

Plan your credit card usage strategically. Opening and closing several cards in one year can hurt your credit score. It is more prudent to have two cards you use in a month and repay the next month.

Tuesday, August 9, 2016

Chicago Bulls Sign Veteran NBA Guard Dwyane Wade


Tim Salvesen served as a senior audit manager at KPMG for more than 12 years. Currently the vice president of GridLiance in Chicago, Illinois, Tim Salvesen is a big fan of his home team the Chicago Bulls.

The Chicago Bulls recently signed Dwyane Wade from the Miami Heat. Wade, a 13 year veteran of the NBA, was drafted in the first round by the Heat in 2003. He has played 13 seasons with the Heat and leaves the team as franchise leader in scoring, assists, steals, and games played. He has won the NBA Championship three times (2006, 2012, and 2013).

A Chicago native standing at 6’4, Wade was an All Star in all of his last 12 seasons and was MVP in 2010. He has represented the United States two times, winning gold at the 2008 Summer Olympics and bronze at the 2004 Summer Games.

Wade’s signing brings to three the number of new signings made by the Bulls this July, 2016, alongside fellow guard Isaiah Canaan and forward Paul Zipser.