The Blog Of TL Wall Accounting

Archive for June, 2018

Is A Good Credit Score Worth The Debt?

Every finance website talks about having a good credit score. We talked about the importance of having a good credit score back in 2015 while mentioning that we still believe it’s best to pay off outstanding balances as soon as possible.

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This is contrary to what most financial experts would tell you. They tend to believe that it’s best to keep balances on your accounts and pay them down regularly to show that you have a consistent payment schedule going. Supposedly that encourages other lenders to loan you money because of your payment history.
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