Bonus Materials

What is manufactured spending?

• Spending money on manufactured goods

• Buying things with your credit card and redirecting those purchases to something more useful or profitable

• Spending money on anything without a payment option

What is the risk associated with manufactured spending?

• Getting higher credit card limits

• Getting cashback or rewards points for the transaction

• Getting your credit card limit reduced or getting your card shut down

What is the closing date of a credit card?

• The date the credit card company reports your history to the credit bureaus

• The last day of a credit card's billing cycle and when the credit card statement gets compiled for the account

• The date your bill is due

What is the process of hiding utilization?

• Paying the credit card balances to $0 for cards due on the first half of the month by MS’ing your debt to the cards due on the second half

• Maxing out your credit cards and not paying them off

• Removing any old inquiries from your credit report

How can you hide utilization when your credit cards are maxed?

• By using the same process of moving your debt to another card

• By not paying your bills on time

• By not using any credit cards