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Credit and Debt blog
Carrying a Balance Builds Credit and Six Other Borrowing Myths, Tested Seven common ideas about borrowing, each tested against plain arithmetic and the law, with a verdict on every one. How a Credit Score Is Built and Why Paying on Time Beats Every Trick A credit score summarizes a few behaviors, mostly paying on time and not using much of your available credit, and no trick beats those habits. Debt Snowball or Debt Avalanche? Two Payoff Plans Run on the Same Four Debts The avalanche saves the most interest; the snowball may finish more often. Both plans run on the same four hypothetical debts, with the trade-off in dollars.