Your best bet - don't use credit at all. If you need a loan, such as for a house, if you put enough down payment you'll get the best rates. That is because you have something to lose if you don't pay. Credit cards are not necessary, debit cards can do the same thing. If you avoid credit as much as possible, you'll find your life is much more rewarding!
I work with rate sheets all day. Your rate is determined mainly by which credit bracket you fall in. With no credit history, you have no chance to have a high score in the upper 700s.
Because a lower credit score means a higher risk that that person will default (not pay their bill). You will find in any situation where there is money being lent from one party to another, that the more risk in the situation, the higher the interest rate.
Your finance and money videos are very useful. You really don't hear this stuff anywhere else, or at least worded as understandably.
Your best bet - don't use credit at all. If you need a loan, such as for a house, if you put enough down payment you'll get the best rates. That is because you have something to lose if you don't pay. Credit cards are not necessary, debit cards can do the same thing. If you avoid credit as much as possible, you'll find your life is much more rewarding!
I work with rate sheets all day. Your rate is determined mainly by which credit bracket you fall in. With no credit history, you have no chance to have a high score in the upper 700s.
Because a lower credit score means a higher risk that that person will default (not pay their bill). You will find in any situation where there is money being lent from one party to another, that the more risk in the situation, the higher the interest rate.
Didn't realize Khan had started doing this type of stuff, is there a way to contribute?
Why all the bureaus have different credit scores
any chance of putting all your vids on a DVD and sending it to my house?
Which programme do you use to make these videos with? And do you use it on a tablet? Thanks :)
Smoothdraw
Thank you!
My math teacher suggested you to me and my class
You are awesome Khan
Because you are taking on more risk.
I love coultas !!!🙊
Cool!
plz can anyone help me to know the name of the programer that used in solving or in explanation your course :)
His name is khan that's all what I know
what university?
ahhhhhhhhhhhhhhhhhhh. makes sense now. :)
Khaaaan :)
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