$10,000 Loan to Build Credit?

[myrdale]

I'd like to understand the logic behind this statement....

[myrdale]

I am sorry you saw my post as being dramatic, I did not intend it to be such. And your statement is false, I never said I had a CD earning 12%....

[myrdale]

He mentioned it again to me yesterday and I asked for a few additional details. It's a 36 month loan at > > 18% < < ?!

He said...

[myrdale]

I do remember as a kid hearing relatives talk about having CD's as their retirement accounts. At a peak of 12% that wouldn't have been to bad of a plan....

[myrdale]

This is really the feeling I got from the conversation, that the bank led him to take the loan for building credit. And of course, at age 30, he is 100%...

[myrdale]

I've got a coworker, a really great guy, but almost no financial literacy about himself. He and his wife have recently found out that the house they are...

[myrdale]

The funeral business is an absolute racket. On problem is most people don't pre-plan (I didn't say prepay) for these things. Also keep in mind, funerals...

[myrdale]

I came across the following article on Drudge this morning:

https://www.pressherald.com/2021/07/...ainers-have-a-...

[myrdale]

I saw this first hand with a neighbor "John" who lived down the street from me. John was a very creepy guy who I had to have words with on more...

[myrdale]

Keep in mind, an account only adds to your credit history so long as it is open. Once the account is closed, the effects it has on your credit score fade...

[myrdale]

Have a list of the accounts also and put that with your will.

I had originally intended on listing the accounts, 401K, IRA, checking, &...

[myrdale]

To the title of the post "How often do you invest?"

The 401K is of course monthly.

For the IRA I try to hit all $6,000...

[myrdale]

This is just another example of the hysteria and fear mongering inflicted on the people of our country by a political party and the media that are driven...

[myrdale]

If their food is worth $100 a plate, they can demand it and people will pay it.

If you're canceling a reservation last minute, means they...