One of the most common concerns our consulting clients bring to us is debt repayment and managing their payments in the midst of growing their music business. This is most commonly caused by irresponsible Credit Card usage early in their lives and careers. Sometimes, this is unavoidable, but for those musicians just getting started, credit cards can be a usefull tool and in some cases, necessary.
In Part 3 of this blog series, "How To Manage Your Music Career Finances" we explore Credit Cards and Indie Musicians. I'll point out three important things to consider when building credit using traditional credit cards. (Much more in-depth information can be found in Tere Wang's course Using A Budget To Build a Full-Time Music Career found in the Artist Collective Membership.)
NOTE: If you haven't already read Part 1 & Part 2 of this series, be sure to do so before reading on by clicking HERE.
#1 - Building credit is KEY if you don't want to be dependent...