Late payments can be damaging to your credit, especially if you stop paying your loans for an extended period of time. We've already gone over the repercussions of delinquency and defaulting, but today, we're going to take a look at another method of repairing your credit report.
Have you been overwhelmed thinking about how you can best pay off any debt you have? There are several strategies you can use to achieve debt freedom, but you might be unsure which is right for you. One thing is certain: if you don't have a plan, it's not going to happen, especially if you have several different types of debt.
Have you ever thought about diversifying your income the same way it's recommended you diversify your investment portfolio? If not, you should. Why? Put simply, it safeguards you against loss of income - if you lose one income stream, you still have others coming in.