Credit expert Beverly Harzog, author of Confessions of a Credit Junkie, shares five mistakes she made when she was a credit nightmare.
Now, Beverly writes and talks about responsible credit use, and she shares how, among others, having a budget and tracking her expenses helped her become a credit ninja.
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<> Beverly Harzog – Confessions of a Credit Junkie.
Beverly mentioned Mint.com on the show to automate your budgeting process.
Beverly’s book –
Steve MoneyPlanSOS Stewart
OK, you KNOW I have to comment about this episode – and that it’s not going to be complimentary.
Well, maybe a little. I can appreciate Beverly sharing her mistakes.
However, to promote the need to use credit cards for the sole purpose of turning a credit score into a better one is bad advice. What is the end result? To make your score better so you can borrow more money at lower rates. That sounds like we’re going the wrong way. I’d rather not rely on plastic for an emergency fund and I’ll get better deals by bargaining with cash than with a monthly payment.
My credit score fundamentals: Pay your bills and debts on time and you will not have a bad score. Having a good score is all you need and actively working on turning a good score into a better one is folly.
I really do need to write my own book, don’t I?