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- Пързалка: 1
- Yesterday, I went to the DMV to update my ID, and the lady asked for all of my pages of identification to prove that it's actually me.
- Honestly, I didn't know what that was at first either, but a paycheck stub is the paper or online record that comes along with your paycheck.
- So I handed everything that I thought I needed to her, when she looked at me in the eye and said, Where's your paycheck stub?
- Your paycheck stub has information like how much money you earned, what was deducted, and what you actually got paid.
- And I'm like... what even is a paycheck stub? I'm 23.
- Пързалка: 2
- Don't worry, I can help you. Your credit score is basically a number between 300 and 850 that shows how responsible you are with borrowing money. While credit history is a record of how good you are at lending and paying back money. Your credit history directly impacts your credit score.
- See, nobody ever teaches us this! Thank you, that makes a lot more sense. I just feel like I don't know anything about Finance or being an adult.
- Like, my cousin started talking about credit scores and credit history the other day, and I just nodded and pretended to know what he was talking about.
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- Of course not! You can improve your credit score over time with consistent payments.
- Okay, so if I have a bad credit card score, does that mean I can never buy a car or get an apartment?
- However, a bad credit score might make loans more expensive because lenders might charge you higher interest rates, which is basically just extra money you pay when you borrow money.