About the author:
Sean P. EgenAfter realizing he couldn’t pay back his outrageous film school student loans with rejection notices from Hollywood studios, Sean focused his screenwriting skills on scripting corporate videos. Videos led to marketing communications, which led to articles and, before he knew it, Sean was making a living as a writer. He continues to do so today by leveraging his expertise in credit, financial planning, wealth-building, and living your best life for Credit One Bank.
According the U.S. Census Bureau, about 30% of American households do not have a credit card. For some people it’s a choice; others may find themselves in this category because they are unable to obtain it. Others may have just never felt the need or gotten around to applying for credit.
Running a side business can be a good way to make ends meet and even build for the future. Extra income from a side hustle is useful for paying bills and, if substantial enough, enhancing your savings. And there’s always the potential for it to become a fulltime venture, granting you more independence and freedom as a small business owner.
A friend of mine who recently scored a better-paying job remarked that one of the things he was looking forward to about his hiring was that his credit would improve. He couldn’t wait for the bump he believed his credit score would get from his new higher income.
Being denied for a credit card or loan because of what’s in your credit reports can be frustrating. But imagine being denied credit not for what’s in your credit reports but because a potential creditor couldn’t even access your credit reports.
After realizing he couldn’t pay back his outrageous film school student loans with rejection notices from Hollywood studios, Sean focused his screenwriting skills on scripting corporate videos. Videos led to marketing communications, which led to articles and, before he knew it, Sean was making a living as a writer. He continues to do so today by leveraging his expertise in credit, financial planning, wealth-building, and living your best life for Credit One Bank.
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.