Germinal G. Van’s Post

“Personal finance expert Clark Howard offers a pragmatic view on credit scores that may come as a relief to Americans chasing the elusive perfect score. He suggests that striving for a score of 800 or above is unnecessary and even “crazy”— arguing that once you reach a credit score of 760, you have essentially unlocked all the benefits of an excellent credit score and can “give it a rest” https://lnkd.in/gnckhq_k

The numbers from Nelson Nash's quote below are actually probably low but the point remains.⁣ ⁣ ⁣ Go ahead, your football game is on commerical anyhow so read the quote 😂⁣ ⁣ ⁣ Then, think about just how much of your dollars go towards some other institutions bottom line in the form of interest payments out of your hard-earned dollars.⁣ ⁣ ⁣ Pay cash for everything?⁣ ⁣ ⁣ Well, hate to break it to you but there's lost opportunity cost there, too.... those dollars then miss out on the opportunity to earn and compound interest.⁣ ⁣ ⁣ If there was a way to recapture some of those interest payments 𝘣𝘦𝘯𝘦𝘧𝘪𝘵𝘪𝘯𝘨 𝘰𝘵𝘩𝘦𝘳𝘴 so that 𝘺𝘰𝘶 instead would benefit (in several ways, actually).... 𝘸𝘰𝘶𝘭𝘥𝘯'𝘵 𝘺𝘰𝘶 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘭𝘦𝘢𝘳𝘯 𝘩𝘰𝘸 𝘵𝘰 𝘥𝘰 𝘵𝘩𝘢𝘵?⁣ ⁣ ⁣ I can help. ⁣ ⁣ ⁣ And 💯 practice what I teach.⁣ ⁣ ⁣ Because it works!⁣ ⁣ ⁣ 👇⁣ ⁣ ⁣ “𝐓𝐡𝐞 𝐦𝐨𝐧𝐞𝐲 𝐩𝐫𝐨𝐛𝐥𝐞𝐦. 𝐎𝐧𝐥𝐲 𝐦𝐨𝐧𝐞𝐲 𝐥𝐞𝐟𝐭 𝐨𝐯𝐞𝐫 𝐚𝐟𝐭𝐞𝐫 𝐩𝐚𝐲𝐢𝐧𝐠 𝐭𝐚𝐱𝐞𝐬 𝐜𝐚𝐧 𝐛𝐞 𝐬𝐩𝐞𝐧𝐭. 𝐅𝐨𝐫 𝐭𝐡𝐞 𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐩𝐞𝐫𝐬𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐔.𝐒., 𝟑𝟒.𝟓% 𝐨𝐟 𝐭𝐡𝐚𝐭 𝐬𝐮𝐦 𝐠𝐨𝐞𝐬 𝐭𝐨 𝐩𝐚𝐲 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐚𝐥𝐨𝐧𝐞, 𝐭𝐨 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐜𝐚𝐫 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐬, 𝐡𝐨𝐦𝐞𝐬, 𝐚𝐧𝐝 𝐯𝐚𝐫𝐢𝐨𝐮𝐬 𝐨𝐭𝐡𝐞𝐫 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐬. 𝐓𝐡𝐢𝐬 𝐦𝐨𝐧𝐞𝐲 𝐢𝐬 𝐠𝐨𝐧𝐞 𝐟𝐨𝐫𝐞𝐯𝐞𝐫. 𝐈𝐭 𝐢𝐬 𝐦𝐚𝐤𝐢𝐧𝐠 𝐩𝐞𝐫𝐬𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐰𝐞𝐚𝐥𝐭𝐡𝐲. 𝐈𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐲𝐨𝐮𝐫𝐬 𝐭𝐨 𝐞𝐧𝐫𝐢𝐜𝐡 𝐲𝐨𝐮𝐫 𝐥𝐢𝐟𝐞 𝐟𝐨𝐫𝐞𝐯𝐞𝐫–𝐢𝐟 𝐲𝐨𝐮 𝐠𝐞𝐭 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬.”⁣ ⁣ — 𝐍𝐞𝐥𝐬𝐨𝐧 𝐍𝐚𝐬𝐡

Financial literacy month continues with part one of Esteban Camargo's two-part series on interchange income: what it is, why it's important to credit unions, and what politicians are trying to change. https://lnkd.in/gWPUg7Gh

Think your credit card rates are too high? You can call the company and ask to lower it. Here's how. #personalfinance #moneymanagement #wealthmanagement #finance #NAMICNY

Credit Myths And Facts: Top 3 Credit Myths Busted! Check out “Credit Myths and Facts: Top 3 Credit Myths Busted!” Learn the truth behind common credit misconceptions and how they affect your finances. #debtrelief #creditscore #moneyproblems #bankruptcy #chapter13 #chapter7 #creditrepair #financialgoals #debtfree

Credit Myths And Facts: Top 3 Credit Myths Busted! Check out “Credit Myths and Facts: Top 3 Credit Myths Busted!” Learn the truth behind common credit misconceptions and how they affect your finances. #debtrelief #creditscore #moneyproblems #bankruptcy #chapter13 #chapter7 #creditrepair #financialgoals #debtfree

A recent statistic reveals that roughly 1 in 5 Americans has a poor credit history, which can greatly impact their access to financing options and economic opportunities. 📉 How does your credit history shape your financial decisions? Understanding this can help you navigate the lending landscape more effectively. Exploring ways to improve your credit health is essential for achieving financial goals. Empower yourself with knowledge and take charge of your financial future. #FinancialLiteracy #CreditHistory #Lending #BusinessFinance #LDCFunding https://lnkd.in/gwPN6BFx

𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗠𝘆𝘁𝗵𝗯𝘂𝘀𝘁𝗶𝗻𝗴 𝗠𝗼𝗻𝗱𝗮𝘆 Myth: Carrying a balance on your credit card improves your credit score. 💳❌ Many people believe that keeping a balance on their credit card can boost their credit score, but this is simply not true. In fact, carrying a balance can lead to high interest charges and potential debt. Check out this insightful article by NerdWallet that debunks this myth and explains the real factors that impact your credit score. Understanding how to manage your credit effectively is crucial for your financial health. Remember, paying off your credit card balance in full each month is the best way to manage credit responsibly and improve your credit score. Read more here: https://lnkd.in/g5HTfJKD #CreditScore #FinancialHealth #MoneyManagement

Financial literacy month continues with part one of Esteban Camargo's two-part series on interchange income: what it is, why it's important to credit unions, and what politicians are trying to change. https://lnkd.in/gWPUg7Gh

Will 2025 Be The Year Of The Credit Hangover? VantageScore Chief Strategy Officer and Chief Economist on Yahoo! Finance "During the pandemic, we saw a lot of consumers reduce their debt, but now we're at a point where consumers have accumulated record high amounts of credit card debt. The other thing we are seeing is that delinquency rates for credit cards have gone up about 50% over the past two years and we're expecting that trend to follow through into 2025."   VantageScore® Chief Strategy Officer and Chief Economist Rikard Bandebo joined anchor Brad Smith on Yahoo Finance today to discuss the state of consumer credit health heading into 2025 and latest insights from VantageScore’s November 2024 CreditGauge. Watch Rikard’s interview here: https://lnkd.in/eRyGWmsN Check out CreditGauge here: https://lnkd.in/eVpUFtcy