The Covid-19 pandemic has rocked the U.S. economy. But you wouldn’t know it from looking at credit scores.
If you want to build lasting wealth, credit card debt isn’t an option. The sooner you can get out of the red, the better your financial future will look.
Most credit cards only require you to make a minimum payment each month. But the less you pay now, the more you’ll pay later.
If you’re in debt, you need to first and foremost understand your financial situation. You can’t cure what you don’t face.
Credit-rating companies like FICO and VantageScore look at these factors when deciding on your credit score.
The first step to getting out of debt is facing it. Here are seven simple questions that will force you to come to terms with your debt right now.
Raising your credit score isn’t that hard if you know what to do. Here’s an action plan that’ll help get your score up and keep it there.
Ultimately, if you want to build lasting wealth, you need to get out of the red.