I have a motto: “Say NO to FICO, I’m working on my DEBIT SCORE”. FICO is the company that collects consumer credit data. They are in the business to sell this information to companies and offer to sell it to you with your “Credit Score”. Each of the components to creating a credit score have to …
borrowing money
Myths vs. Truths – The Truth About Debt Consolidation
Debt consolidation: Exposing the false beliefs of the financial world Myth: Consolidating debt is a good idea and a great way to lower my monthly payments. Truth: Consolidating debt works much better for the bank than it does for you. The truth is, success in personal finance …
Myths vs. Truths – The Truth About Good Debt vs Bad Debt
Good Debt vs Bad Debt: Exposing the false beliefs of the financial world Myth: There is good debt and bad debt. You should use good debt to your advantage and avoid bad debt. Truth: There is no such thing as good debt. It's true. There really is no such thing as good debt. The truth is all debt …