Will My Stimulus Check Impact the Credit Score? – Episode #36

Can a credit score be impacted by a stimulus check? Depends on where you apply those funds. Paying down credit card debt will help your score. The government did this stimulus program to stimulate growth, but we like the idea of using this money to pay off credit card debt and getting your credit score in shape.

We think of a stimulus check like a bonus check. Your bonus checks should go to pay off credit card debt before treating yourself to that shiny toy, gadget, car, dress, whatever.

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