Around 30% of American adults have a subprime credit score – that is, a credit score below 670. Another 20% of Americans are “credit invisible,” meaning they have no credit history or credit score. These numbers have improved in recent years, but having a “poor” or “fair” credit score is still quite common today. Since …
11 Best Credit-Builder Loans to Boost Your Credit Score Read More »
“Look! Up in the sky! It’s the national debt of the United Kingdom!”“It’s the total GDP of Russia!”“No, it’s America’s student loan debt!” Don’t cry, little buddy. Joe Biden’s got your back. Probably. I’m going to go ahead and say what we’re all thinking. America’s student loan debt is getting just a teensy bit out …
Bad credit is like a shackle around your ankle. It can make getting a decent loan, buying a car, and even renting an apartment more difficult. Even the worst credit scores are salvageable, though. It’ll take some time, research, and discipline, but fixing bad credit is always possible. You don’t need to hire a credit …
Free Credit Repair: The Definitive Guide to Fixing Bad Credit Yourself Read More »
Debt relief services are like weight-loss services. Many of them are worthless, and some are outright scams. But borrowers who need help with their debts can’t afford to waste any of their limited cash flows. Fortunately, credit counseling is one of the few reliable sources of affordable financial help. This guide will discuss how it …
Credit cards come in all shapes and sizes. Well, most of them are roughly 7-square-inch rectangles, but they do have very different qualities. In particular, secured credit cards work differently from their unsecured counterparts. There are pros and cons to both types, and which one you need will depend on your credit scores and intentions …
How Do Secured Credit Cards Work? How Are They Different From Unsecured Cards? Read More »
Payday loans are deficient in many ways. They’re ridiculously expensive, often predatory, and consistently trap borrowers who have no other source of financial support. But how do payday loans affect your credit score? Typically, they only impact your score when you fail to pay them back on time. Unfortunately, the likelihood of default is much …
A guide for those looking to determine whether or not a 0% balance transfer card will help them get out of debt. What is a 0% Balance Transfer Card? A balance transfer involves moving your outstanding credit balance from one account to another with more favorable terms. A 0% balance transfer card is the ideal …
What is a 0% Balance Transfer Card? (And When to Use One) Read More »
There’s a lot of misinformation out there about credit scores. People have been perpetuating myths about how they work and what affects them for years, so it’s no surprise that so many others are confused about how their credit scores are calculated. But in truth, the process is pretty easy to understand if you can …
Debt consolidation can lower your monthly payments, but can it also lower your credit score? Well… it depends. In some cases, debt consolidation will get you a better interest rate, simplify your paydown process, and put you on the fast track to being debt-free. But in others, you’ll get nothing for your trouble except a …
How Does Debt Consolidation Affect Your Credit Score? Read More »