Tuesday, January 23, 2007

Good thought about credit

Bob Thaves, the creator of Frank & Ernest, once said:

"Money talks - but credit has an echo."

As parents teaching our children the basic principles of finance and money management will save them headaches and stress. If they can learn that buying on credit and going into debt only postpones the day of reckoning, then they will be much wiser consumers.


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2 comments:

kwin said...

The key to credit problem is discipline. Be punctual, pay your bill on time because late payments, collections, and bankruptcies. They have a big negative impact on your credit score.

If you have credit problems and want to rebuild your credit, here is the list of credit card reviews of lenders that provides credit for people with bad credit history.

MonicaR said...

Amen to that, Henry. Learned THAT one the hard way!!