Credit & Debt
What is a good credit score, and why is it so important to know your score? If you know your score, you’ll be able to see how you look in a lender’s eyes.
An essential part of winning the overall war of personal finance is to manage and eliminate credit card debt. Managing and eliminating credit card debt means more than just making your minimum payments on time. Your goal should be to minimize debt and maximize available credit, so it's there when you need it.
When you're trying to manage your student loan repayment, not to mention any other debts you may have, several strategies can yield positive results. The key to repaying your loans successfully is to be proactive and choose the right strategy for your circumstances.
When you're choosing a bank, location and service should be your first considerations and minimizing fees should be a priority. By knowing what to look for, you'll discover that there's a real difference between banks and learn how to choose a bank that's best for you.
As long as you know how online banking works and how you plan to use it, you can find the banking account that best meets your financial needs, but it's still a good idea to choose a bank with both online and physical banking or open separate accounts, one with an online bank and another at a bricks-and-mortar institution.
Knowing when to file bankruptcy is a difficult decision. Filing bankruptcy may or may not make sense for your personal situation, depending on a variety of factors.
When you're strapped for cash, it can be tempting to take advantage of quick cash offers. It's best to avoid cash advances, tax refund loans and borrowing from family or friends because these transactions can have long-term financial and personal consequences.
Most people know that paying more than the minimum due each month on credit cards reduces your interest payments over time. But paying your credit card bills more frequently can also cut down on those finance charges.
Knowing how to build credit is essential for teens and young adults because your credit history decides your eligibility for loans and, in some cases, jobs or auto insurance. By starting with a local checking account and moving on to credit cards, you'll be on your way to establishing a good credit rating.
Identity theft protection is your responsibility. By following some simple rules to guard your personal information, you can avoid headaches and potential damage to your credit rating.
Leasing a car is a great option for some people, but the question of leasing vs. buying a car really depends on how you intend to use your car, and your long-term financial goals. Assuming a lease doesn't have to be a painful process, though; learn the jargon and common pitfalls to avoid, and you can get a great deal on leasing a car.
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