When you’re in credit card debt, you may be searching for a way to get out of it fast. The option of a payday loan might come to mind. The purpose of a payday lender is to offer a solution for short term emergencies. They aren’t meant to be a long-term fix for credit card...
If you’re swimming in a sea of credit card debt, you may feel desperate to get out of it by any means necessary. You’re going to get tons of ideas on how to escape. But, not all of them are going to be the best idea. One common way people try to get out of...
Some expenses cost more for people with bad credit. The sad news is, most don’t even realize it. Having bad credit can negatively impact: • The cost of your utility deposits • Your options for cellphone service • The price of your car insurance • Your ability to rent an apartment The reason why these...
Do you ever wonder what people with good credit do that’s so different from everyone else? Important financial habits that contribute to a good credit score, includes paying your bills on time, and spending money responsibly. It’s also a part of building and maintaining your credit score. Here are a few habits of people with...
If you’re looking to get a credit card, but are being told you need a co-signer, there are other options. One of the best being, you can become an authorized user on someone else’s existing account. You will have all the same benefits as having your own card, but the primary person on the account...
This might seem counterintuitive, but here’s why it’s true. Lenders look for evidence that you pay your debts, so establishing a long, positive credit history will actually contribute to higher credit scores over time. The older a credit card account is, the more positively it will affect your credit score – so long as your...
It may sound a bit obvious, but credit cards can help you build up your personal finances. Here’s how: They can function as your emergency fund. Financial experts are always saying you should save three to six months of your expenses in an emergency fund, recent polls show that many Americans simply aren’t able to...
Credit that’s considered good is in the 700 range. And with that type of credit, you’ll be able to buy a house, even though some think you can only get a house with excellent credit. The place where you’ll see the effects of your credit score the most is in how much you have to...
One of the things you want to do to improve your credit score is to make sure that you pay off your bill on time and don’t miss any monthly payments. However, what happens if you do miss one? Late fees: You’ll need to pay some sort of late fee. APR penalty: Late payments cause...
For those who have borrowed student loans and were worrying about debt accumulating during the pandemic, fret not. There are some measures in place that might help you breathe a sigh of relief: Payments and most collection methods will be suspended through September 30. Suspended loans will still count toward forgiveness. If you want to,...
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