Hey Friends, Let's talk credit cards. You hear often conflicting results on how they are good or bad for you. Let's set this straight right now. Credit cards CAN HELP your credit when used properly. In fact, I strongly encourage you to manage your credit cards and put them at the top of your priority list. Let's look at some stats. You're going to hear me talk a lot about revolving accounts in the video where I cover this topic. Let's not get too scared by lingo - a revolving account is simply an account you have that doesn't have an end date. Think revolving doors at a hotel. It goes around and around and never stops. Simply put - you can always keep it open. Unlike a car loan, or mortgage which has a set term and number of payments. |
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