Tag: Credit
-
I froze my credit and you should too
Charles Schwab is my broker for my non-retirement portfolios and I periodically get emails from them with articles about financial topics. This month they had an article I thought I’d share about freezing your credit because it’s something extremely important in this day and age given all the data breaches in the news. In particular,…
-
By Now, Regret Later: The trap of easy credit
A full-size mattress. Groceries. Haircuts. Eyelash extensions. Botox. These aren’t luxuries, they’re everyday purchases now being financed at interest rates that can soar above 30%. And young Americans, are turning to Buy Now, Pay Later (“BNPL”) services like Affirm and Klarna in droves. It starts small: $20 here, $50 there, until it snowballs into thousands…
-
Holding debt on personal assets is not for everyone
Some who practice dividend investing and/or investing for income will look down on people who don’t have a home mortgage. They may have the view the money would be better used to invest in other vehicles with potentially higher returns, portfolio diversification, tax benefits of deducting the interest, or other perfectly valid options. But this…