‘Debt’: a small word with big implications for your personal finances. For those dealing with large amounts of it, debt can bring to mind other four-letter words—none of them printable here.
However, there’s no reason your debt should leave you spitting in anger, (maybe even at yourself). With a little bit of work, some discipline, and solid advice from the Quizzologists, debt management can be made, well, manageable. And that includes for those who’ve gone through, or are now going through, a bankruptcy proceeding.
Successfully taking on responsible amounts of debt and diligently paying it off is a major part of building your credit history and scores. It’s like physical exercise—through successful repetition, your ability increases over time. Also, like exercise, managing debt and building creditworthiness requires willpower and some good decision-making.
Soon enough, though, you’re a lean, mean, good credit machine, ready to take on even bigger challenges; maybe a first-time home buy, or refinancing a mortgage to make some improvements around the house.
To push your credit scores to new heights and learn more about debt management, check out these links from the Quizzle blog and beyond: