Dated: May 5 2020

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Like we said at the beginning of this book, we are a country in debt. One person I know once told me that it was “The American Way” to buy things on credit and then owe people money. While that might not be the best way to think about it, when the price of things like vehicles and homes is well beyond what we would be able to pay cash for, we have to face the reality that credit is necessary.

In all actuality, the concept of credit has actually been around for a very long time. Anyone who is a fan of “Little House on the Prairie” knows that when the Ingalls would go to the General Store, they would always put their items “on account” which would be paid later – usually when the crops were in or Paw got paid from his various jobs.

Back then, credit reports and credit scores weren’t necessary. It was an unwritten rule that the accounts would eventually be paid. A man’s word was his name and their name meant everything back then. Collection agencies weren’t necessary and accounts always got paid even if it took some time. The shop owners didn’t worry and were willing to wait. It was the law of the settlers albeit an unwritten one!

Then we continued to want more and more in our lives and “stuff” became almost necessary in our minds. As time passed, accounts weren’t being paid and businesses were asked to take hits from people who reneged on their agreements.

This brings us to where we are today: a nation in debt. Even the Federal Government is in debt. It only goes to follow that citizens would be in debt too.

That said, we know we need credit to obtain the things we need – and often those that we don’t. Credit card companies are preying on people at a younger and younger age. That puts young people alarmingly in debt before they even get to the legal drinking age.

That’s why it’s so important to know about credit and when it should be used as well as when it shouldn’t be used. Practice smart credit procedures and don’t overextend yourself. You can easily find yourself in trouble before you even know it.

Then the time comes to change your spending habits, make smart credit decisions and take steps to raise your credit score. No matter what situation you might find yourself in regarding your credit, you can not only get out of debt, but you can restore your credit and enjoy a high credit score. 

It takes time and a little bit of effort, but it certainly can be done. You just need to be diligent about your spending habits and then monitor your credit reports so you know where you stand at any particular time.

Credit is an important part of our society, so cherish your credit history and your credit score. Make it just as important to you as your good name and keep it clean and pristine. It can mean so much to your future and your future is just as important as the present.

You know what they say: The past is the past, the future is the future, but today is a gift – that’s why they call it the present!

Good Luck!


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Oscar Vasquez

For the majority of people, the purchase or sale of a home is their largest single investment. My goal is to guide you successfully and easily through the contractual, investment and emotional decisio....

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