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The $65,000 Car Loan Trap & How to Steer Clear

The $65,000 Car Loan Trap & How to Steer Clear

A cousin of mine purchased a compact SUV, a couple of years ago. She didn’t have great credit, but she saw this as her chance to rebuild. If she made on-time payments, she could raise her score, gain stability, re-finance later and finally get ahead. However, the dealer was a shark, and my cousin? She was tonight’s dinner. They sold her a $35,000 car at an astronomical 22% interest rate, rolled in a few thousand dollars of debt from her…

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How to Get an 800 Credit Score

How to Get an 800 Credit Score

My Story About 15 years ago, in my early 20s, I took my first leap into the world of credit with an Amazon rewards Visa card. Enticed by the checkout bonus, I felt a rush of adrenaline as I purchased with borrowed money. While I didn’t initially overspend, my understanding of credit was limited. I wasn’t always paying off my balance in full each month and soon realized how much money I was wasting on interest. That’s when I made…

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