You may want to cancel a credit card to cut back on your spending or to stop paying the associated fees. Before you cancel, consider how ditching that credit card could impact your credit score and finances. Hey there, family! You’ve come to the right place if you want to know “how much does your … Read more
A good credit score can help you get lower interest rates on credit cards and loans, increase your approval odds when applying to rent a house and potentially even lower your insurance premiums. To get the benefits of good credit, though, you’ll need to work on it and stay away from mistakes that can hurt … Read more
What is clear is that there are several important laws and financial rules for stay-at-home spouses. Enmeshed in complicated government regulations, many homemakers are not aware of how their no-paycheck status impacts whats in their wallet today and their future financial security. “They just dont know their rights,” says Amy Matsui, senior counsel with the … Read more
Hey there friend! If you’re sittin’ there wonderin’, “How much extra should I pay on my car payment?” you’ve come to the right spot. I’ve been down that road, stressin’ over car loans and dreamin’ of the day I’d be debt-free. Lemme tell ya payin’ a lil’ extra on your car payment can work wonders—savin’ … Read more
Credit scores are three-digit numbers that tell lenders how likely it is that you will pay your bills on time. They are made up of several factors. One thing that can affect your credit score is a hard inquiry. A hard inquiry, which is also called a “hard pull,” is when a lender checks your … Read more
Lines of credit can provide versatility but there are risks to consider Part of the Series Running a Successful Small Business. When you need money, you may consider getting a personal loan, which provides a lump-sum amount. You might want to think about a line of credit, though, if you aren’t sure how much money … Read more
The following is presented for informational purposes only. Please consult with an attorney for legal advice. Sometimes the money just isn’t there. Things happen, circumstances change, and you’re not able to keep up on your bills. On and on it goes. Except debt collectors can go beyond simply calling and writing you for the money. … Read more
A charge-off is when a creditor no longer thinks a borrower will pay back several months of late payments and writes off the debt as a loss. The missed payments, charge-off and any collections involved can severely harm your credit. A charge-off is a negative entry on your credit report indicating a creditor has written … Read more
In general, you cannot use a bank account to build credit. Thatâs because savings and checking account activity is not usually reported to credit bureaus, so it does not affect your credit scores. That said, some financial companies have introduced banking products with built-in features to help you build credit. Bank accounts can help you … Read more
Financing a cellphone with a carrier generally wonât help your credit. However, if you financed the phone with a loan or credit card, including one from a cellphone maker or big box store, that could help your credit if you make your payments on time. You might be able to improve your credit score by … Read more