Are You Truly Creditworthy?
4 Keys to Master Credit Fundamentals
It is Christmas morning. You are watching your children unwrapping the gifts with joy under the beautiful Christmas tree. You glance toward the pile of credit card bills that will be due within a week or two lying on top of the kitchen counter. In the back of your mind, you wonder, “How much of credit card did I use during this Holiday Season? Do I have enough to survive after the mortgage payment in one week? How much debt do I owe walking into 2020?” You quickly dismiss the concerns as you wish to enjoy Christmas with your family and decide that you will pay the minimum payments until the tax refund. However, you know deep down, this is not the first time that you found yourself deep in the credit card debts, and it will not be your last…
Does the story sound familiar to you? How many times did you choose to eliminate credit card debts and to build credit as your New Year Resolutions? In Q3 of 2019, Debt.org has announced that in the U.S alone, the credit card debt has crossed one trillion-dollars mark. The total number for consumer debt has approached closely to 14 trillion-dollars, which is the highest than it has ever been. This consumer debt crisis has impacted all of us. The interest rate for personal credit cards and loans continue to reach a record high for most of the middle and working classes. At the same time, the…
