The Dos and Don'ts of Debt Repayment
Consumer debt is an extremely contradictory part of our personal finances: it?s at once common and incredibly personal. According to numerous sources, the majority of US adults owe money in some way, shape or form?and yet what this consumer debt represents can vary drastically from person to person. To some, a debt might signify a major accomplishment or progress toward a large goal. To others, it might be a constant reminder of a time of crisis or hardship. The decisions that lead us to consumer debt can be thoughtful and deliberate, or rushed and misguided. It is perhaps these differences that make it challenging to talk openly about debt for fear of judgment.Read More
8 Things That Won't Hurt (Whew!) Your Credit
Pay a credit card a month late, and you can count on it hurting your credit score. But there are some murkier areas you may wonder about: What happens if I marry someone whose credit is a lot worse than mine? Could my library fine from five years ago keep me from getting approved for a car loan? Does getting turned down for credit hurt my score?Read More
How to Overcome 'Credit Card Shyness'
News outlets and credit card companies are quick to label millennials as being credit card-shy. According to a recent survey, millennials apparently fear their credit card debt more than climate change, the threat of war and even death.Read More
How to Improve Your Credit Score
Almost no one is perfect when it comes to credit scores. The average score for Americans has been inching up over the past decade and is now close to 700. Many lenders consider that a good number, but the highest possible score is 850, according to Fair Isaac Corp., or FICO, which developed some of the most widely used models for credit scoring. The lowest possible score is 300.Read More