Three major credit bureaus — Experian, Equifax, and TransUnion — regularly collect information about your payment history, while your credit report contains additional details regarding your payment history, credit utilization ratio and any open and closed credit accounts.
The information in your credit report is used to calculate a three-digit credit score, which lenders then utilize to evaluate a borrower’s likelihood of defaulting on a loan.
By having a higher score, you’ll typically qualify for loans or credit products with lower interest rates and more favorable terms.
I’m different. And I’m not being cliche when I say this. When I held a secular job before I applied, I would research the company background, look up the employee satisfaction rates, and I knew my goal would be to move up in 3-6 months.
When I found myself no longer satisfied with what I thought the job was initially offering, I made an exit plan. I researched similar positions that paid more, as well as higher positions I could be hired for based on my credentials.
Being self employed is not for the faint of heart. Heck, truthfully, being an entrepreneur isn’t for everyone. But if you are looking to step out on faith and work for yourself plan it out in a calculated manner.
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Making money isn’t hard. You can get a job and work, or if working for someone else isn’t your thing, you can literally type in Google: “Ways To Make Money.”
Once you are bringing in some type of income, the first priorities are paying for your basic needs (housing, food, car, and bills). After that it’s important to monitor your wants, aka things you buy but can actually live without.
Learning how to control your money is one of the hardest lessons that some people NEVER learn.
Take action with your personal finances and become more responsible with your money so that you can stop stressing over money.