Things you will learn
UNDERSTANDING YOUR CREDIT: Credit is a frequently discussed subject - credit reports, credit ratings, credit freezes, and credit monitoring. What does this mean for you? Credit is significant since it influences your ability to obtain a loan, a job, housing, and insurance, among other things.
CREDIT CARDS & CREDIT CARD DEBT: It can drag you into debt without realizing it! The Credit Card Companies and Banks' objective is to get you into as much debt as possible with them and keep you there for life.
CREDIT BASICS: Credit is defined in two ways: as borrowed money that enables you to purchase items and the possibility that you will repay these loans and be authorized for new ones (this likelihood is demonstrated through a credit score).
DEBT FINANCING: How Is Debt Financing Defined? When a business raises funds for working capital or capital expenditures by selling debt instruments to individuals and institutional investors, this is referred to as debt financing.
Do you fully understand the importance and impact of your credit report? Do you realize that a three-digit number, called a FICO score, largely determines and influences your financial and personal potential and success in life? Would it surprise you if I told you that a person's credit report, history, and score often reflect their inner character - making evident whether or not they are ethical, responsible, trustworthy, dependable, hardworking, and honest? Find out what to do in this book.