10 Things YEBies Should Know About Debt, Credit, & Credit Scores

1. Getting a credit report frequently will not negatively affect your score.
2. If you cosign on a loan the creditor will come after you.
3. Your credit card account does not only activate when you call the toll-free number, but also soon as they send it out to you.
4. Your credit score will never merged with your significant other unless it is on a joint purchase.
5. Getting a credit report frequently will not negatively affect your score.
6. Small fines can affect your credit score like any other unpaid other late fees or fines. (Ex. library overdue book fees & parking tickets)
7. Do not close a credit cards just because you've maxed it out.
8. Do not stop using a credit card because you're trying to pay it off.
9. Paying off your debt does not automatically put you in the good books.
10. Create a system for your debt so you can pay more than the minimum payment each month if you ever hope to pay off your credit card and any other debts.

Bonus: Here's a freestyle I had up on here earlier from Konfidential aka KhaliefKhadafi where he drops some economic jewels

[youtube=http://www.youtube.com/watch?v=fyCSxYyHsnE&rel=0&color1=0xb1b1b1&color2=0xcfcfcf&hl=en_US&feature=player_embedded&fs=1]