Word of the Day - by C-Luv - Aug 11

Credit –

1) A reputation for sound character or quality; standing: It is to their credit that they worked so hard without complaining.

2) A reputation for solvency and integrity entitling a person to be trusted in buying or borrowing: You should have no trouble getting the loan if your credit is good.

Have you ever noticed that although the word credit has two very distinct meanings, both definitions ultimately affect us in a very similar manner? Allow me to break down the not so obvious similarities. Definition # 1 implies that a person of good professional character earns a positive reputation amongst peers and colleagues. Definition # 2 implies that an individual in good financial standing earns a positive reputation amongst loan agencies and financial institutions.

One can thereby deduce that an individual who has established a reputation of poor credit either professionally or financially will fall into one of two categories. First category: he/she will need a ‘co-signer’ to vouch for his/her character with regards to either employment or financial opportunities. Second category: he/she will be denied most employment or loan opportunities that are independently applied for.

Wouldn’t you much rather rely solely upon your own credit in these instances? Today, I encourage you the begin cleaning up both your personal and financial reputation so that you can control your own fate. Be blessed.

Corey R.