Not sure about the difference between these three things? Simply put, your credit profile is made up of two things: 1. Your credit score.2. Your credit history. Your credit score is based on your credit history. But here is the thing – your credit score only matters if you are planning to get a loan … Continue reading What’s the Difference Between Credit Profile, Credit Score, and Credit History?
Tag: credit card
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