LOL...the stigma of the credit score
So, I feel like this is a topic that needs to be discussed. Let me tell you a little story: When I was growing up, we weren't taught how to budget, but we were taught that credit scores were a top factor is how happy or successful your life would be. I know, White people... As a teenager in college, I was TOLD that the first thing to do to increase your credit is to get a credit card and pay it off every month. Seems easy enough, right? OK, here is the deal... Credit Cards are NOT DESIGNED TO BE PAID OFF EVERY MONTH. If you have ever been invited to get a card, you'll know that you usually choose the one with "No APR for 12 months" or "Extra points if you make 10K in purchases in the first 3 months", but have you ever read the fine print? What happens after that cute little term? I'll tell you. In the fine print, dependent on your credit score and history, is a little number called APR. Its interest. A LOT of interest. Sometimes, they are even nice ...