Good Credit Is Not A Good Reason To Borrow More Money After Youve Achieved Financial Freedom

The most important thing for you to remember is that the only way you'll ever be able to achieve financial freedom is if you are able to avoid getting back into debt once you've paid off everything that you owe. It seems like a lot of the different websites that give advice regarding bad credit are not looking at this the right way. Sometimes it almost sounds like the only reason you want to pay off your debts and improve your credit is so that you can borrow more money!

Granted, you will find it easier to borrow money if you have good credit, however, you want to make sure that the money you borrow in the future is something that you'll be able to pay off relatively quickly - and that you can actually afford to spend that money. Lots of people who have their financial freedom only use their credit card on things that they could be buying out of pocket. After all, sometimes it's not possible to buy things without credit.

However, the most important thing to realize is that the point of getting out of debt is not just so that you can buy more things on credit - that's just another way to end up getting back into debt. Instead, you should get out of debt in order to achieve financial freedom. Once you've achieved financial freedom by paying off your debts, however, the rest will follow, and you will have good credit even though you probably won't need to use it.

Erwin Tjong is an Internet Marketer and a member of Elite Team which a Marketing System that specifically to provide SUPPORT and TRAINING for everyone who joined the Financial Freedom Society Inc.) To learn more about his business please visit : http://www.EliteTeamOz.com

ABC News
SEC investigation blasts credit-rating companies
Boston Globe, United States - 7 hours ago
WASHINGTON - A Securities and Exchange Commission investigation into credit-rating companies found the firms improperly managed conflicts of interest and ...
SEC finds shortcomings in credit raters Reuters
SEC finds fault with credit-rating firms MarketWatch
The SEC And The Credit Rating Agencies, Better Profits Through ... 24/7 Wall St.
Exchange News Direct - FinancialWeek (subscription)all 329 news articles

Washington Times
US May consumer credit rises $7.78 billion, mostly by use of ...
Forbes, NY - 14 hours ago
WASHINGTON (Thomson Financial) - Americans increased their borrowing in May, mostly in the form of credit cards and other revolving debt, ...
US consumer credit rose $7.78 bln in May guardian.co.uk
US May consumer credit up $7.8 bln or at 3.6% rate MarketWatch
Consumers boost credit card debt The Herald-Times (subscription)
MSN Money - MarketWatchall 246 news articles

US regulators probe 2 ex-Credit Suisse brokers-WSJ
Reuters - 4 hours ago
July 9 (Reuters) - Federal prosecutors are investigating whether two former Credit Suisse (CSGN.VX: Quote, Profile, Research) brokers lied to investors ...
Auction-Rate Probe Grows Over Clarity From Brokers Wall Street Journal
all 14 news articles

SEC criticizes credit-rating firms
Los Angeles Times, CA - 5 hours ago
By Walter Hamilton, Los Angeles Times Staff Writer NEW YORK -- The credit-rating firms whose endorsements of mortgage-backed bonds helped fuel the ill-fated ...

Grand jury criticizes Oakland credit card charges
San Jose Mercury News,  USA - 18 hours ago
A report from the Alameda County grand jury is highly critical about some credit card charges being rung up by employees of the city of Oakland. ...

JPMorgan's Dimon says credit crisis could worsen
guardian.co.uk, UK - 14 hours ago
By Karey Wutkowski ARLINGTON, Va, July 8 (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon said on Tuesday some problems in the credit markets ...
UPDATE 1-JPMorgan's Dimon says credit crisis could worsen Reuters
JPMorgan CEO says credit conditions may get worse BusinessWeek
JPMorgan's Dimon says credit crisis could worsen Economic Times
all 82 news articles

Monitoring your credit score is one of the most important things ...
Phoenixville News, PA - 3 hours ago
However, one number which identifies all of us and, unfortunately, many people may not know it: is our credit score. A credit score is the measure of credit ...
How to Get Free Credit-Monitoring Service WFMJ
Credit Scores - Their Role in Today's Mortgage Decisions... WRAL.com
Improved credit score could mean big savings Chicago Tribune
DetNews.com - Arizona Daily Starall 18 news articles

Asian Stocks Advance, Led By Banks, on Credit-Market Outlook
Bloomberg - 4 hours ago
s chief executive officer said credit-market losses will ease and oil prices yesterday fell more than $5 a barrel. Macquarie Group Ltd. led a rebound among ...
Asian Stocks Advance on Credit-Market Outlook, Oil's Decline Bloomberg
all 5 news articles

Wall Street Journal Blogs
365 Days Later: The Hilton Hotels Buyout and the Credit Crunch
Wall Street Journal Blogs, NY - 18 hours ago
Morgan Stanley and Citigroup led the IPO, with Merrill Lynch, Credit Suisse, Lehman Brothers and Deutsche Bank as joint bookrunners. ...
Russell's chief for Europe resigns to start new firm Wall Street Journal
all 89 news articles

EnerJex completes $50M credit facility
Bizjournals.com, NC - 15 hours ago
In a release Tuesday, Overland Park-based EnerJex (OTCBB: EJXR) said it will use proceeds from the facility to redeem $6.3 million of outstanding 10 percent ...
EnerJex Resources Completes $50 Million Senior Credit Facility Business Wire (press release)
all 14 news articles

Wind Chimes and more...

Windchimes for great gifts!

What is a Bad Credit History?