@thevirtualra: What is Credit & Why do you need to build it? Welcome back to Adulting 101 🏦📚🧠 Today’s financially literacy topic is Credit! ❓Why is it important? Your credit = your reputation & credibility. Aka, it is the likelihood you are to pay back debt you owe! 💵 Why do you need it? - mortgage - car loan - student loans - personalized loans #credit #creditscore #adulting #financialliteracy #lifelessons
I pay mine off every month just use them for the points and travel benefits 🤷♂️
2026-03-05 01:57:21
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Kali :
Wait a minute, can you do a video on the part you said you could talk about all day!?🙈😂
2026-03-04 06:53:17
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bluecollar.jimmy :
dont forget insurance like auto uses credit score and can effect the rate you pay
2026-04-08 04:56:04
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isbo0125 :
You do not need credit. It how much you tangle with debt. We did manual underwriting for our mortgage. As long as you don’t make 500 a month. It’s a number you have to keep tangoing with debt to upkeep because it will disappear.
2026-03-07 19:38:19
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Sami :
Ok now explain the stock market
2026-04-02 19:34:22
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Nisa 🦝 :
You also need some kind of credit for most apartments, too. Also! It's much easier to lose your credit (late payments, defaulted payments, etc) versus building it back up again. Bankruptcy is not always the answer 😭
2026-03-05 00:09:20
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:) :
Thank you !
2026-05-04 04:20:48
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Dagolddenqueen_ :
😉🙃😜🤪
2026-05-08 21:17:55
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Shannon :
I've had all of these. I'm on my 2nd car loan. last one was paid off almost 10 years ago. I had a student loan & grants & I currently have a mortgage. I'm also up to my neck in credit card debt because that's what happens when you don't get paid enough or work enough hours & you have bills to pay or vehicle issues to pay for. Sometimes I hate being an adult & having all this responsibility. I've had personal loans & have one I'm currently trying to pay off but it's really difficult right now
2026-03-04 21:28:09
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