3 months, 1 week ago

Let’s normalize talking about our credit histories

In December 2019, Seattle-based copywriter Brittany Brown was in “a rough financial situation.” She was several months behind on rent and unable to make a $25 minimum payment toward the $2,000 maxed-out balance on her credit card. This missed payment has haunted me so much.” The one missed payment tanked Brown’s already-low credit score, and she needed several years to recover. That helped the couple pay off the credit card debt and Schulze’s student loan debt all at once — but they didn’t expect the effect on their credit scores. “ it’s important to recognize the impact refinancing can have on your credit score even if it’s temporary.” Insecurity about how credit scores work Another little-known credit factor, applying for new credit, dinged Brown’s score recently — and she didn’t even realize she was doing it. “My insecurity with credit cards and credit scores is that I feel like I still don’t fully understand how they work.” Your credit score doesn’t define you The best-kept secret about credit scores is that a negative mark to your credit doesn’t necessarily doom your financial future.

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Financial Credit Money Debt Credit Cards Payment Card Score Brown Your Credit Score Scores Your Credit Credit Scores New Credit My Credit Devoto Schulze Teheux

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