To be honest, credit is kind of a game. If you know the rules, you can do well. If you don’t, you can end up in real trouble. It would be tempting to just ignore it, but a low credit score means: Higher interest rates on mortgages, car loans, and personal loans, which could cost … Continue reading My Top 10 Tips for Having Great Credit
Tag: credit card debt
What To Do When Debt Collectors Are Calling
Even if you have never had to deal with debt collectors, I urge you to read this post. You might be able to help a friend or family member who is going through this situation. I remember getting calls from bill collectors back during my days as a struggling Chicago theater artist. It was extremely … Continue reading What To Do When Debt Collectors Are Calling
Why Your Credit Card Shouldn’t Be Your Emergency Fund
Imagine this scenario … Bruce has a sudden dental emergency and gets a bill for $2,500. He doesn’t have any savings – who knows where the money goes each month – so he puts it on his credit card at 20% interest. “Luckily” the minimum payment is only $42 per month – he can figure … Continue reading Why Your Credit Card Shouldn’t Be Your Emergency Fund