Tag: CreditCards

• Chapter 32: Credit Scores

  

  Big Banks Control My Scores? Having a good credit score is a successful way of proving that you can pay back your debts. It rewards good borrowers by giving them a discount on interest, access to premium credit cards, and larger lines of credit. Many people seem to disagree with this system and calling it…

  Pablo

  December 17, 2023

  Credit

  asset, Banks, borrowing, Credit, Credit History, CreditCards, debt, Equifax, Experian, FICO, Lenders, liability, loan, money, mortgage, Payment History, Personal Finance, saving, savings, Score, Transunion

• Chapter 25: Minimum Payments

  

  Generosity or Genius? Minimum payments are a great way for your credit card company to make money. The longer it takes you to pay them back, the more they can charge you in interest. For perspective, sometimes a minimum payment only covers the interest charge and will probably scrape very minimal off the principal balance.…

  Pablo

  October 29, 2023

  Credit

  asset, Credit, CreditCards, debt, finance, Interest, length, liability, loan, minimum, money, payment, payments, saving, savings, term, wealth

• Chapter 5: How To Use A Credit Card

  

  It’s nice spending money that isn’t yours, because in the short term it feels like you didn’t really lose anything but you gained everything. When budgeting you must include purchases made on your credit card because you will have to pay them off in 30 days (sometimes 28) depending on your statement cycle. In this…

  Pablo

  June 11, 2023

  Credit

  borrowing, Credit, CreditCards, debt, Interest, money, Rewards, wealth