Why You Should Take Your Credit Score Seriously


Sometimes I talk to young people who know they have bad credit, but don’t seem fazed by it. Although it may not seem to affect you now, it can definitely affect you in the future! If you need to take out a loan or a mortgage to buy a house, those with bad credit will have to pay a higher interest rate and that can cost you a lot of money!

For example, a mortgage of $200,000 at 2.25% interest means you will pay a total of $21,058 on interest in the first five years. If you had a slightly worse credit score and were given a 2.75% interest rate, you would pay a total of $25,829 interest in the first five years. That’s $4,771 of additional interest! Plus your mortgage payments would be about $50 higher each month!

Even though you may not see loans or home ownership in your immediate future, you never know what can happen in five years. Your credit score is something you should definitely take seriously because a bad credit score can follow you around and potentially take many more years to fix!


How to Fix Your Credit Score


I have many young friends who have unpaid bills and parking tickets. Some of these bills have been referred to collection agencies. Once this happens, it leaves a big negative mark on your credit score. In fact, once this happens, it’s very hard to reverse the effects.

There are only a few options available to you. You can pay it off, but once paid off, it remains on there for another 6-7 years, and paying the bill will not improve your credit score. You can wait for it to disappear, which takes about 6-7 years. It can take longer than that if your accidentally admit or acknowledge the charge to the collections agency, which means the 6-7 year wait period restarts!

The best (and most difficult option) is to try and negotiate an agreement whereby you settle the bill (without admitting the charge belongs to you) and negotiate that the collections agency agree to remove the charge from all credit agency reports. This will instantly improve your credit score.

As you can see, once a bill shows up on your credit report, it can be a big headache.The best thing to do is avoid the situation completely and make sure you stay up to date with your bills.


Long Overdue Update

A photo posted by @nancychin1 on

It has been a very long time since I last updated. Almost 9 months since my last post! I could almost have a baby in that time. My hiatus began when school became very overwhelming and after getting out of the blogging habit, it was hard to get back into it again. I started a bunch of different projects. Some really random ones! Elliot has always said that I have my “fads” where I get obsessed with different hobbies.

I felt that I didn’t get to exercise my creativity, since I work full-time as an accountant, so I took painting classes, which was a lot of fun, but not something I want to do all the time. I started reading again, and have read some great books (see below for a book recommendation). A lot of my time went to Toastmasters where I have been practicing my public speaking skills. And lastly, I started my first group about finances, which is my newest project that I’m very excited about! It’s a way for people to learn about finances, and meet other people.

Lately, I’ve felt very passionate about educating people on saving and investing money. I’ve found that many people my age don’t have any savings or have bad credit. I think financial education should be taught properly, so I’m going to do my best to do that with the group. In light of this, I think I’ll spend some time on this blog writing about finances. It would help me with developing my ideas for the group, and maybe you will learn something that you can apply in your lives too!

One of my most recent inspirations came when reading Jack Canfield’s The Success Principles – 10th Anniversary Edition: How to Get from Where You Are to Where You Want to Be. I learned a few new things from this book and reminded myself of things I already knew, but have not applied yet. If you haven’t read it yet, I encourage you to check it out, especially if you’ve been thinking about your finances lately.

So that concludes it. You should be seeing an upcoming post soon about finances and saving money. See you soon!

Yummy Update


Happy June! That photo was taken while enjoying the sunshine in Vancouver. The last few weeks have been crazy as my school term is finishing up and my exam approaches. I know I’ll be studying for 10 more days, and just wanted to leave a quick message about why my blog posts have been dwindling down. It’s not that I haven’t been cooking. In fact, I’ve been dying to cook and bake, but I’m trying to prioritize.

Went crabbing and found this guy.

But I haven’t been all books and calculators. I managed to find some time to go crabbing with some friends and brought this delicious crab home. He was feisty and would not let go of my tongs! I’ll be honest, it was my first time cooking crab and I thought I would be more emotional. The thought of boiling a living thing made me cringe before. It was not that bad and there were no tears. Also, there was no crab screaming. Why did someone tell me that crabs screamed??

I also started reading this book because I needed a break from textbooks and got so addicted. I ended up ignoring my studies because I just had to finish it. (Oops.)  It’s a New York Times Bestseller love story. I feel a bit dorky talking about romance novels because I feel like a lot of them can be shallow or repetitive, which is why I usually avoid them. But this one had gotten a great review on GoodReads, so I ended up trying it and really enjoyed it. It was more heartfelt than expected and the characters were real, interesting and had depth. I would definitely recommend it!

So that ends my little update. I’ll see you all in about two weeks!

Lemon Cupcakes


Lately at work, I’ve been having cravings for cake, lemon and cream cheese frosting. So I thought I’d combine all of it into one delicious cupcake. The cupcake is light and tender. The frosting is bright from the lemon, and creamy from the cream cheese. Once frosted, it looks fancy and elegant enough for a tea party.


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