Credit where credit is due

Credit.  The word can mean a number of things.  It can mean that you are acknowledging what somebody else did.  It can be associated with the lending or borrowing of money.  Lots of things.  In today's article, I'm going to talk about credit in terms of borrowing money, and also the tracking of your borrowing and pay back habits. In the USA, and probably most of the western world, when you borrow money, make payments for money owed and such, there is a "credit reporting agency" that keeps track of your habits.  If you are a person who pays your bills late, that is noted, and can be checked on by potential creditors for a number of years … [Read more...]