Go offline with the Player FM app!
3268: 7 Things to Know About Credit Card Default by Philip Taylor of PT Money on Credit Score Recovery
Manage episode 503686927 series 2394769
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3268:
Philip Taylor explains what happens when you default on a credit card, from late fees and mounting interest to aggressive collections and damage to your credit score. He also highlights the elimination of universal default, the importance of knowing your rights when dealing with collectors, and practical steps to recover financially after a default.
Read along with the original article(s) here: https://ptmoney.com/credit-card-default/
Quotes to ponder:
"Credit card default happens when you borrow money on your credit card and never pay it off."
"Once your account goes into default your credit score is going to take a dramatic hit."
"You simply have to prioritize. Four things come first: food/water, shelter, clothing, and transportation."
Episode references:
The Pew Charitable Trusts - Consumer Finance Research: https://www.pewtrusts.org/en/projects/consumer-finance
Dave Ramsey: https://www.ramseysolutions.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
4073 episodes
3268: 7 Things to Know About Credit Card Default by Philip Taylor of PT Money on Credit Score Recovery
Optimal Finance Daily - Financial Independence and Money Advice
Manage episode 503686927 series 2394769
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3268:
Philip Taylor explains what happens when you default on a credit card, from late fees and mounting interest to aggressive collections and damage to your credit score. He also highlights the elimination of universal default, the importance of knowing your rights when dealing with collectors, and practical steps to recover financially after a default.
Read along with the original article(s) here: https://ptmoney.com/credit-card-default/
Quotes to ponder:
"Credit card default happens when you borrow money on your credit card and never pay it off."
"Once your account goes into default your credit score is going to take a dramatic hit."
"You simply have to prioritize. Four things come first: food/water, shelter, clothing, and transportation."
Episode references:
The Pew Charitable Trusts - Consumer Finance Research: https://www.pewtrusts.org/en/projects/consumer-finance
Dave Ramsey: https://www.ramseysolutions.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
4073 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.