Tag: Creditcarddebt

Posted on 06/07/2021
Why do I need to have some credit card debt to have good FICO scores?
The FICO score was not created in favor of you (the consumer). The credit card companies and lending institutions would not prosper if each of us used their credit lines and paid them off in full every month.Creditors charge interest and that’s where they make their money. Therefore, the creation of the FICO score calculation is created by...
+ 2 more
Read More
Posted on 11/20/2020
Here’s what happens to your credit card debt when you die
Credit card debt has a reputation for keeping people up at night, and understandably so. If you get bogged down with a high balance you can’t easily afford to pay off, it can take years to get out of debt. But what happens to your credit card debt if you die before you’ve repaid it? When a person...
+ 2 more
Read More