WARNING: This a graphic story of the financial destruction of an otherwise financially successful man. Here’s a secret for you – your credit score will go down every time you do something that people did previously just prior to defaulting on their debts. The credit scoring model is trying to predict the likelihood of you [...]
Credit Card interest can eat your financial lunch, if you let it. The average interest rate on credit cards over 12%, and there is almost $1 Trillion in outstanding credit card balances. Some quick math yields over $120 Billion spent annually on credit card interest. Since Interest on Credit Cards are not tax deductible, Americans [...]
