Because credit is something that is so important, but also sometimes confusing, we are going to lay everything out for you, in simple terms.
We’ll also show you how to get the credit you deserve, how to make the most of your credit, and ways to improve your overall credit rating, no matter where it is now.
For years, the conventional financial wisdom was “credit cards are bad.” We were told that cutting up our credit cards was the only way to free ourselves from debt-ridden indentured servitude. People needed to “live within their means,” and if credit cards were ever to be used, it should be “only in the case of an emergency.”
This conventional “wisdom” turned out to be not only untrue, but hurtful to those who listened to it. The truth is that credit cards are our friends. They are our allies in building credit. How easy do you think it is it to qualify for a home loan when you’ve never even had a credit card? Responsible credit card usage shows potential lenders that you’re able to manage your finances. What’s more, an intelligent credit card user turns the interest game on its head,...