One Minute Money Lessons: Can You Build Wealth While You Have Debt?

One Minute Money Lessons: Can You Build Wealth While You Have Debt

?

It's Free! Nothing is really free, but if the sales associate is offering free financing, you may be in for a win. First, check that you can't get a better deal if you don't take the free financing. Sometimes, this is the trick. You pay more up front, but don't have to pay the item off for 12 months. Second, make sure that adding this debt to your portfolio does not hurt your credit score. If your debt-to-income ratio is too high (over 30%), it will drag down your score. If you pass these tests and take the free financing, don't fall into their other trap of not paying the final balance in time. A lot can happen in 12 months, so either make payments regularly or have a plan to have that money available when the time comes. If not, you may be in for some pretty steep penalties!

POST COMMENT

Searching For Atlanta Inexpensive Accommodations? Read About These Hints On How To Purchase Cheap Pr Looking For Atlanta Inexpensive Suites? Use These Hints On How To Purchase Excellent Accommodation R Looking For Atlanta Discounted Hotels? Click To See These Plans On How To Purchase The Best Deals Want Hot-lanta Budget Accommodations? Take Advantage Of These Suggestions On How To Purchase Cheap F Want To Book Hot-lanta Luxury Suites? Follow These Suggestions On How To Purchase The Best Discounts Seeking Atlanta Luxury Suites? Pay Attention To These Clues On How To Purchase Cheap Prices Seeking Atlanta Luxury Accommodations? Follow These Plans On How To Purchase Fantastic Packages Introduction of bad debt Want To Find Hot-lanta Budget Hotels? Take Advantage Of These Instructions On How To Purchase Unbeli Introduction of Debt Introduction of Debt Collection Introduction of Debts Need Atlanta Discounted Rooms? Click To See These Suggestions On How To Purchase Top-notch Hotel Rat