The term credit generally refers to a financial agreement in which a borrower receives a certain amount of money or a valuable and repays the lender at a later date, mostly with interest. Creditors grant credit to individuals and businesses based on trust and mutual agreements. For instance, banks will let a person borrow money through a credit card, in hopes that they pay it back within a stipulated period. The individual gets the loan […]
As a millennial myself, I’ve noticed that most millennial in my peer group do not get educated on maintaining good credit while we are young. We look at it like its free money. We have the tendency to spend until we get everything that we want without thinking about the interest rate or even how we will pay it back. We are so used to our parents supporting us, waiting for allowances, and not having […]
Most people on a journey to build wealth check their bank account balances daily. We even know the last coin in our wallets but we never give the same treatment to our credit scores. Just like your cash in hand or in the bank, your credit score is an important and integral part of your journey towards building wealth. There are so many people who are against using credit, and for a valid reason. Some […]
