Why this individual finance writer regrets utilizing credit cards to really make the advance payment on the very very first automobile

Why this individual finance writer regrets utilizing credit cards to really make the advance payment on the very very first automobile

CNBC Select talked with Jordanne Wells of Wise Money Women concerning the four lessons she discovered after making use of credit cards to assist purchase a car or truck.

Jordanne Wells estimates she graduated college from Ohio Wesleyan University — and a whole lot of debt that she probably had close to eight credit cards by the time.

Unfortuitously, at that time, she did not realize that carrying a balance on her behalf cards had been harming her credit rating until she decided to go to purchase her very first vehicle in 2007: an utilized 2001 Honda Civic EX.

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