What’s the Difference Between a Signature Line of Credit and a Credit Card?

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When it comes to borrowing money, both a signature line of credit and a credit card are options to help you achieve your financial goals. Most people are familiar with a credit card and how it works, but what about a signature line of credit? Here are the differences between a signature line of credit and a credit card.

How to Properly Use a Credit Card

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Making purchases with a credit card is fast and easy. However, it’s important to make sure you’re using your credit card responsibly. When it’s used properly, it can help you build a good credit score. However, if a credit card is not used properly, it can have a negative impact on your credit score. Here are some tips on good and bad habits when it comes to using a credit card.

How to Build and Maintain Good Credit

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Your credit score is a crucial part of your financial health. It measures the capacity of your credit, the proficiency of your money management and your financial responsibility. An excellent credit score can open the door to large loans with better interest rates, as well as employment opportunities and more. On the flip side, a poor credit score can be a strong barrier towards building wealth, funding large purchases and finding gainful employment.

Upcoming Changes to Medical Debt Reporting in Credit Reports

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The three nationwide credit reporting agencies, Equifax, Experian and TransUnion, have announced they’re making changes in how medical debt is reported on a consumer’s credit report. The agencies could remove nearly 70% of medical debts from credit reports.

What’s changing?

The three credit reporting agencies have agreed to the following important changes to reporting medical collection accounts.

Is Inflation Here to Stay?

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These days with inflation, it feels like you almost need to take out a second mortgage just to fill up on gas and restock the pantry. What everyone wants to know is, are these inflated prices here to stay? According to the most recent report by the Bureau of Labor Statistics, U.S. inflation is currently running at a 13-year high of 5.4% — and it’s showing no signs of slowing down. Here’s what you need to know about the current state of the U.S. economy and what you can likely expect in the coming months.

What You Need to Know About the New Child Tax Credit

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The IRS is sending out letters to more than 36 million families about getting monthly Child Tax Credit payments (as part of the American Rescue Plan) starting in July and lasting through December.

The IRS is sending letters to families who may be eligible for the tax credit based on information provided in either your 2019 or 2020 federal income tax return. Later, a second letter will be sent to eligible families letting them know the estimated amount for each monthly payment.