Alan asked me a question at GetOutOfDebt.org about how much his credit card balances should be and what percentage he should maintain to improve his credit score.  Alan made some moves that seemed like commonsense but the reality is those assumed smart moves actually hurt his credit score.
On this podcast, I also answer Alan's question and give you some tips on how to aim for the best credit score available.
Steve Rhode - Your Get Out of Debt Guy

How Much Credit Card Debt Should I Carry to Not Harm My Credit Score?

Credit, debt, and money answers from the Get Out of Debt Guy, Steve Rhode. If you want to know the latest news from inside the debt relief industry or have a question about getting out of debt, this is the show for you.

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Today Damon Day and Steve Rhode talk about the fincial pressures created by inflation and the consequences to your financial health and future.
It is a surprising subject with a lot of layers.

Inflation Sucks. But Here is What You Need to Know About It.

Damon Day and Steve Rhode explore the myths and misperceptions about the charitable non-profit credit counseling industry.
We are not suggesting you should avoid credit counseling but to better understand how this works to make better decisions about what is right for you or the people you care about.

Break Free from Myths: The Truth About Credit Counseling!

In this episode, we discussed the importance of credit scores and how individuals often make emotional decisions based on fears surrounding their credit scores. We stressed the need to step back and analyze the practical aspects of credit scores, especially when faced with significant debt. We highlighted the misconception that a good credit score reflects intelligence in managing personal finances, emphasizing that lenders primarily use credit scores for risk assessment.
The conversation delved into scenarios where preserving a high credit score may not align with financial priorities, such as paying off high-interest debt. We explored the nuances of different debt management options, such as bankruptcy, debt settlement, and credit counseling, debunking common myths and biases associated with each. The speakers shared anecdotes and experiences to illustrate how individuals can navigate financial challenges effectively without solely focusing on their credit scores.
Furthermore, we discussed the importance of evaluating the monetary value of a good credit score in relation to one's financial goals and current circumstances. We encouraged listeners to seek independent financial advice and consider all available options tailored to their unique situations. The speakers emphasized the need to make informed decisions free from preconceived notions and societal pressures surrounding credit scores.
Ultimately, the episode served as a reminder to approach financial decisions with logical reasoning, weighing the potential benefits of actions that may affect credit scores against the immediate financial relief they could provide. By looking beyond the emotional attachment to credit scores and considering the broader financial implications, individuals can make sound financial choices that align with their priorities and long-term goals.

You Really Need to Know This About Credit Scores

In this episode of our show, we delve into the crucial topic of self-care and stress management. We uncover the detrimental effects of stress on our physical and mental well-being and our finances. 
Finding effective ways to cope with stress and prioritize self-care is crucial for leading a healthy and balanced life. Our conversation highlights various activities that can help alleviate stress, including exercise, meditation, and spending quality time with loved ones. 
Additionally, we underscore the significance of seeking professional help and acknowledge the correlation between self-care and making sound financial decisions. 
Ultimately, our discussion culminates with a powerful reminder for listeners to prioritize their overall well-being by actively managing stress.
You can contact Damon at https://damonday.com
Link to CFPB story we talk about: https://getoutofdebt.org/171657/strategic-financial-solutions-and-ryan-sasson-stumble-and-get-pounded#more-171657

Debt Relief Company and Credit Card Debt Explodes and Then Implodes

In this episode, we discuss the financial advantages of using gig apps like DoorDash to make money and avoid college debt. 
We explore the idea of choosing side jobs over expensive colleges and highlight the potential savings and long-term growth through smart investments. 
We delve into attending community college while working gig apps, emphasizing the importance of saving early for a comfortable retirement. 
We encourage listeners to try food delivery and ride-sharing apps for flexible income, which can subsidize desired lifestyles and enhance retirement funds. We share personal experiences with gig work and address concerns about future changes. 
Additionally, we promote our YouTube channel and recommend a debt coach for listeners.

How Much Credit Card Debt Should I Carry to Not Harm My Credit Score?

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