Simplifying personal finance for the young working class adults.

Should You Loan Money To Your Friends?

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When it comes to loaning our hard-earned money to friends, we should always consider the risks involved. One of the risks is not limited to the loss of friendship, as a result of the loan. Or even worse, the entire loss of your money. Personally, I have had a bad experience every single time I …

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Is Debt Good For the Average Working Class Adult?

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You may have heard it is good to carry debt. It is what is preached on most social media platforms by the so-called build-generation-wealth gurus. As a working class adult, I disagree debt is good for the average working class adult. Unless you are building credit for the first time, buying a car or getting …

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What Happens If I Stop Paying My Credit Card Debt

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A credit card debt can ruin your life. An unpaid credit card debt has the potential to destroy your ability to borrow future loans. This is because every debt payment in the United States is reported to a credit bureau. As a result, your debt payment behavior is monitored and kept as a record, to …

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Credit Score Vs Credit Report: What Is the Difference

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A credit report is not the same as a credit score. You probably have heard the two being used interchangeably. Although they are information related to your ability to get credit, they represent two different aspects of your credit behavior. So, what is the difference between a credit score and a credit report? This is …

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