Nothing hits your credit score harder than a late payment to a finance company. The only thing worse is multiple late payments or chronic late payments to a finance company. Do yourself a BIG favor and avoid finance companies all together.

The very best way to purchase anything is, of course, with cash and if you can get a cash discount, all the better! But to be honest, the real reason most people use finance companies is because they want something much more than they want to use self control.

We all know that life is full of needs and wants. If you have a secure job that pays well and you can control your spending, then you can probably purchase a want, now and then, without destroying your credit or your cash flow.

So- a secure job AND controlled spending: two very important items to keep your finances working properly and keep your credit score alive and well.

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