Understanding Debt
“Debt can be a tool or a trap — it’s all in how you use it.”
Not all debt is bad. Used wisely, it can help build credit, grow wealth, and create leverage. But when unmanaged, it can quickly become a financial burden.
Here’s what to focus on:
- Identify good debt (education, mortgage, business) vs bad debt (high-interest consumer credit).
- Pay off high-interest accounts first.
- Keep credit utilization under 30%.
- Avoid minimum payments whenever possible.
- Consolidate when it reduces interest and simplifies payments.
The goal isn’t to avoid debt entirely — it’s to use it strategically and on your terms.
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Whether you’re ready to buy a home, refinance, improve your credit, or explore new financial opportunities, I’m here to guide you every step of the way. If you’re a real estate professional, credit specialist, or service provider interested in partnering with 1StopMLO, let’s connect and grow together.
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