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Bad Credit vs Good Credit

Good Credit vs Bad Credit: How to Tell The Difference

January 19, 2017 by Joey Johnston

 

Kenny Rogers is a singer, not a debt management adviser, but if you want financial security, take his famous words of poker wisdom: You’ve got to know when to hold ‘em, know when to fold ‘em.

Picture yourself as a poker player surveying a hand of financial cards you’ve just been dealt. The mortgage card would be considered an Ace, or at least a King because traditionally owning a home has real value. Same goes for student loans (maybe that’s a Queen) and even auto loans (probably a Jack) that would be decent cards if played right.

Credit card debt and payday loans would be your junk cards, the ones you’d want to dump the first chance you get.

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https://www.incharge.org/blog/good-credit-vs-bad-credit-tell-difference/

 

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