Actions to take to improve your credit score + ways other's financial activity can affect your credit score and more
In case you missed it
This week
๐๏ธย Take these actions to improve your credit score
๐คย Larry Ellison about how to approach the future
๐ Quiz #82
๐กย Your credit score maybe affected by other people's financial activity.
๐ Business word: Line of credit
๐๏ธ Take these actions to improve your credit score๐๐ผ
๐ค Larry Ellison about how to approach the future
See things in the present, even if they're in the future.
โ Larry Ellison
๐ Quiz #82
How well do you know about loans?
๐กYour credit score maybe affected by other people's financial activity.
Your credit score can increase/decrease based on other people's financial habit/activity. If you
sign a loan for someone
permit others to use your credit card as an authorized user
become an authorized user on someone's credit card account
๐ Business word: Line of credit
LOC (line of credit) is a type of flexible loan that lets you access funds up to a certain amount as needed without needing to reapply every time. You don't have to use these funds for a specific purpose.
Besides, you can pay back the money you owe at any time and you are only required to pay interest on the money you borrow.
A line of credit offers businesses and individuals financial flexibility to address short-term cash flow needs, such as inventory purchases, payroll, and unexpected expenses.
That was all for this week. Until next time, keep learning and growing your๐ฐ
Thank you! Love the content.