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Chapter 10. Keeping Your Score Healthy > In Conclusion: The Three-year Solution

In Conclusion: The Three-year Solution

There's one more issue to address that can have a profound effect on your credit score, your finances and your life. And that's the issue of how much you can “afford” to borrow on something other than a house or an education.

Many people assume they can afford something if they can make the monthly payments. But that kind of short-term thinking will shackle you to a lifetime of paying interest on stuff that will break, wear out and become useless long before the last payment is due.


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