When emergencies arise and you feel like you have nowhere else to turn, a payday loan may seem like a good idea. But it’s important to know how payday loans work and what the risks are of getting these short-term, high-interest loans. When it comes to payday loans, here are some things to think about: … Read more
On a scale of 300-850, a “good” credit score falls somewhere in the mid-600s to mid-700s. Learn how to get a good score and what opportunities it unlocks. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or … Read more
When you talk to a debt collector, you should make sure you really owe the money, figure out a reasonable payment plan, and offer to pay the debt collector. When you fall behind on your debt payments, it can be hard to handle. Collection calls start coming in, and you worry that your credit score … Read more
Debt can feel like a heavy burden, but with some practical strategies, you can manage it effectively In this comprehensive guide, I’ll explain how to take control of your debt and set yourself up for financial success. Know Your Full Financial Picture The first step is gaining a complete understanding of your financial situation. Make … Read more
For most people, the mortgage rate theyre offered plays a significant role in whether or not it makes sense to buy a home. Since the interest rate on your mortgage is lower, your monthly payments will usually be lower and you will pay less in interest over the life of the loan. So, waiting for … Read more
Defaulting on a 401k loan can have serious financial consequences. You take money out of your retirement savings when you borrow from your 401k. If you don’t pay back that loan, you’ll have to pay taxes on it, which could hurt your retirement plans. This article will tell you what happens if you don’t pay … Read more
Having a high credit limit can be useful for big purchases emergencies and building your credit. But is it possible to get a credit card with a $100,000 limit? The short answer is yes, but it’s extremely rare and you’ll need exceptional finances to qualify. Let’s break down everything you need to know about obtaining … Read more
If youre monitoring your credit score or preparing to apply for a mortgage, youve likely wondered, “How accurate is Credit Karma?” This comprehensive guide will answer that question and provide valuable insights into how to best use this popular free credit monitoring service. Credit Karma, which gives you access to VantageScores from TransUnion and Equifax, … Read more
Extending credit to customers is a common practice for many businesses. However there is always a risk that some customers will be unable to repay their debts, leading to bad debts. Properly accounting for these potential losses is crucial for accurate financial reporting and tax compliance. In this article, we will explain the key differences … Read more
What to know before you head to a dealership, and what to ask once you’re there Finding the right car and then negotiating the best price can be a whirlwind experience. So, what do people who just bought a new car wish they had thought about more carefully? We asked CR followers on social media … Read more