WHY IT IS IMPORTANT: Paying off credit debit affords you an opportunity to stop paying interest and fees. Paying off credit debit allows you to improve your credit score as your balances will be higher showing creditors that you are responsible with borrowed funds. Not that we need to say it, but in case you need to read it, paying off your credit debt allows you to have more money to spend and or save as you desire.
KEY POINT(S): Paying off credit debt allows you to have more money to spend, increases your credit score, and puts you on the path towards financial freedom.
MY EXPERIENCE: Credit card debt is the easiest to pile. I found myself once, with credit card debt so egregious that the credit put on a lien on my property. WTF! What a surprise to me, thinking that my younger dealings would not catch up on me. I couldn’t tell you how relieving it was to be rid of that bill. It’s a great feeling not having to deal with that situation anymore. It is important that we find and manage our means to live by using cash and spending less than we make so we do not need borrowed funds. Now, I pay off the lowest balances first and work up as needed to higher balances.
QUESTIONS FOR YOU: Do you find paying off credit debt to be easy? What credit horror stories have you experienced?
Julie Carter, Recruiter.🧐 Coach.💪🏾 Mother.🙋🏾♀️🙋🏾♂️🐕 Professional.👩🏾💻 Wife.💍 Imperfect. 🙃Living to inspire so you may inspire to live.🤝🏾 You ARE NOT alone!🤗
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