In Order To Feel Truly Financially Secure
February 26th, 2007In order to feel truly financially secure many of us look to eliminate credit card debt completely However, this might not be the best approach A little bit of debt is a very good thing As long as you maintain control it is best to avoid completely eliminating your debts
This may not seem to make a lot of sense but keeping some debts open and active can actually help your credit Your individual credit score hinges on your ability to make consistent payments on your bills If you completely eliminate credit card debt you may fail to adequately show a consistent payment history
Also, many p…
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