You’ve probably heard it before: there is good debt and there is bad debt. Good debt, such as a mortgage or student loans, help you pay for something that will increase your net worth. Bad debt, like credit cards, (usually) carries higher interest rates and only set you back financially. One of the best ways…
Your credit score is one of the most important numbers to know. You probably already know that your credit score impacts how much money you can borrow and the interest rate. But there are other big-picture ways that your credit score can affect your life. Having a low credit score may keep you from scoring…
We all make mistakes. Millennials are in the spotlight for theirs because they’re the first generation that’s constantly connected. You can buck the trend and avoid these credit mistakes, but first, you have to know what they are. We have rounded up the most common mistakes, and the ones that will hurt your credit and…
Even those who are the most careful with their credit card, social security number, and personal information are at risk of having their ID stolen. We live in a digital age, and that means everything is done electronically. By taking precautions a person can minimize the risk; however, the thieves will always find a way….
Though the concept has only been around since 1989, credit scores have become an important part of the financial landscape. A good credit score can help you get a loan or even a job; a bad score could keep you from getting a credit card, auto loan or mortgage – and in some social circles,…
If you’re less than happy with your credit score, don’t worry- you’re not the only one. According to Experian, the average credit score in the United States is 681 and the national average debt is $27,887. This means a lot of poor credit scores and a lot of unhappy consumers. With a low credit score,…