18. What Credit Card Companies Don't Want You to Know with Credit Expert Vrinda Gupta
Financial Feminist
Is Compounding in Interest a Bad Idea?
Compound in interest is this evil concept that, unless it's working for you, if you're investing, compound interest is great. Do not recommend that option. Getting a delinquency show up on your credit report is some of the the hardest pieces to remedy. It stays on your report at least for sevent years. And it makes debt and borrowing any time so expensive for you aand those rates just really don't go down.
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