The significance of  taking great care of your “credit” history.

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The Balm

Since the beginning of capitalism, money has been at the forefront of all sort of exchanges, between people, institutions, and even countries. However, in today’s world, another variable seems to be even more important than money. The economy, and the financial system, seem to have more leverage, through “credit“. Therefore, it is legitimate to ask: why should we build, and maintain our credit history in good standing? For those, whose credit has become a liability, how can they claim it back, improve it, then, keep it in good standing?

The situation is alarming. In the article: “Total american debt continues to rise“, published by credit Karma, Melanie Lockertstates the scope of debt, in the american society. She wrote: “According to the Pew Charitable Trusts, a full 80% of American have some form of debt. Not only that, but 70% of respondents to a 2015 Pew…

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