Credit scores, APRs, and loans — the rules of the borrowing game.
What is credit? Borrowing money and paying it back. Why interest exists. Good debt vs. bad debt, simplified.
Credit cards — how they actually work. Minimum payments (the trap). APR and how interest compounds on debt. How to use a credit card without getting wrecked.
Credit scores — FICO breakdown (payment history 35%, utilization 30%, length 15%, mix 10%, inquiries 10%). How to build credit from zero. Reading your credit report. Disputing errors.
Types of loans (auto, student, personal, mortgage). Amortization — where your payments actually go. Student loan strategies (federal vs. private, repayment plans, forgiveness programs). Buy Now Pay Later — the hidden costs.
The credit system as a tool of control — who designed it and why. Credit score disparities by race and income. How to game the credit system ethically. Debt payoff strategies (avalanche vs. snowball). When bankruptcy makes sense.
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