This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. As discussed in our article, Dave Ramsey vs. Robert Kiyosaki, not all debt is bad. Debt plays a vital role in the economy. And on a personal level, if you
This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. Dave Ramsey and Robert Kiyosaki are perhaps the most influential personal finance authors of the past 20 years. In many ways, they have differing advice. Which of them is correct?
If you’re looking to build business credit for your real estate business, you’ve come to the right place. Most real estate investors use a combination of personal mortgages, personal credit cards, and hard money loans to fund their deals. My goal is for you to use low interest rate financing not tied to your personal
If you’re looking to build credit for your child, you came to the right place. There’s a lot of misinformation online about building credit. In this article, I’ll explain how to build your child’s credit, how to protect your child from credit identity theft, and I’ll cover common myths about this subject. The main difficulty
How to Build Credit In a Nutshell: Get three revolving credit accounts and one installment loan. Make monthly payments on time, and keep your credit utilization below 10%. It took me years to learn everything that you read here. I used to work at a credit company. I also went through an expensive credit-building program
If you have bad credit or even no credit and need to rent an apartment, the whole process can be extremely frustrating. And with more landlords requiring credit reports to rent, it’s more important than ever to understand how your credit report impacts renting an apartment and what is and isn’t required. This article is
Some people are of the opinion that all debt is bad. I don’t believe that. A judicious use of debt can be smart. Here are six ways you can use your credit to build wealth. 1. Buy a Home This one may seem obvious, but you really do need credit to buy a house. For
If you’re looking to build business credit quickly, this guide will show you how to do it. I assume that you already have a business entity, such as an LLC. Sole proprietors and partnerships can build business credit too, but their financing options are limited. I practice what I preach. I’ve been working in the
The process of building good credit is the same whether you have bad credit, new credit, or are starting from scratch. We can all start learning how to build credit at 18, or even sooner. The difference with bad credit is that you must get rid of negative items on your credit report in addition
Collections significantly impact your credit score, sometimes removing tens or over a hundred points from your score overnight. Getting a collection deleted from your report may be handy when building your credit. While you may not get an excellent credit score (700+) with collections on your credit report, you can build your credit and remove
