National Get Smart About Credit Day 2023
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The day is about good credit habits and credit worthiness.
The concepts surround:
Income and Debt
Credit Scores
Credit Reports
Collateral
Down Payment Amounts
Co-signees
My personal credit worthiness has evolved over the years.
I have been a high earner with an ability to make bank early on in my career.
My credit was poor nonetheless because I didn't observe the habits of good credit and it was an issue until one day my step dad took me aside and set me straight.
I won't go into the gory details but suffice it to say he gave me a tongue lashing and called me all those names you never want to hear hurled at you.
Then when I left the credit union — who thought they were my collective mama and needed to control my every financial move — I found things went far better for me personally.
It has all worked too. Since those days I have followed the straight and narrow and I have good credit as a result.
This has enabled me to attain the 2% mortgage in a 7%+ world ... and other amenities of fiscal responsibility which eluded me early on.
So, if you find yourself less responsible than you might like this is a good day to sit down and take inventory of your assets and liabilities and get with an institution which isn't the control freak the credit union wants to be.
We can't all be lucky to have a step father who cared enough about us to get us out of hock and make things utterly transparent.
I was once a fool but now I am not.
Happy National Get Smart About Credit Day.