Your money questions, answered Real talk on credit, investing, and when to sell
We’ve been getting a lot of questions in our DMs…good ones…and instead of answering them privately and forgetting about it, we decided to bring them all here. This is our first Ask Me Anything, and I’m going in cold. Emily collected about 15 questions and I hadn’t seen a single one before we hit record. Here’s what came up.
In no particular order:
Is it better to close unused credit cards or leave them open?
Close them. Call and actually close them, don’t just cut up the card. An open, unused line of credit tells the algorithm you could go into a large amount of unsecured debt overnight. That’s a risk flag. Consolidate down to what you actually use, then use those cards and pay them off immediately.
What’s the fastest way to repair credit in under three months?
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