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 …
What Happens If I Stop Paying My Credit Card Debt
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 …
Credit Score Vs Credit Report: What Is the Difference
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 …
Credit Score Vs Credit Report: What Is the DifferenceRead More
What Is A FICO Score: How It Affects Your Life
Is a FICO score the same as a credit score? A FICO score is similar to your typical credit score. It is one of the consumer credit behavior ranking systems. It is used by banks and other financial institutions today to approve loans and credit cards. As previously mentioned on What You Need To Know …
Getting Out Of Debt In 2023: 5 Easy Steps
Nothing sucks more than carrying over debt to a new year. You are still taking money meant for your savings to pay down debt in order to get out of debt. This is because the responsibility of paying down on your debt has not ended. It does not have to be this way in 2023. …
How To Dispute Errors On Your Credit Report Successfully
An error on your credit report can damage your credit. This is because it presents you as a risk to financial lenders and creditors. Often, this error is not necessarily a result of your financial mistakes. This is why I always recommend you to check your credit every month to catch and dispute errors on …
How To Dispute Errors On Your Credit Report SuccessfullyRead More