Posts Tagged ‘credit debt

In today’s world, it seems that almost any topic is open for debate. While I was gathering facts about debt relief grants for this article, I was quite surprised to find some of the issues I thought were settled are actually still being openly discussed.

Ever wonder why so many financial advisors push you to start saving right now, even if you are burdened with insurmountable debt? The answer is simple: Financial advisors are commissioned salespeople. If you don’t buy what they sell (the investments) they don’t get their commission (trailer fees).

The first important step is to gain a basic understanding of how your credit scores are determined. I am sure this will be new information for you, since this is not taught to any of us in school. In fact, when it comes to the three credit bureaus, equifax, experian, and transunion, they prefer to keep everyone in the dark on how credit scoring works.

This is one of my most favorite articles that I have written because it addresses so many questions that people have about credit. I love watching the eyes of my clients widen when they find out the truth about some of these most common myths.

A person’s credit file has grown increasingly important and will continue do so as more and more credit approvals and job opportunities rely on your credit file. Having a good credit rating is one of the most important building blocks to financial independence.