With so many people feeling uncertain about their financial health, the three national credit reporting agencies have decided to let everyone monitor their credit report every week for free for the next year. Now, it’s easier than ever to check your credit report more frequently.
Make 2020 the year to focus on your financial success. Here are some helpful tips to help you start this new year off on the right financial track.
If you’re looking back on the holidays with dread because of the extra debt, you’re not alone. Here’s what you can do to recover from holiday spending.
Budget Credit Card Debt
Budget carefully to pay down credit card debt as soon as you can. It’s worth it to feel the squeeze for a few months in order to pay off those bills sooner. The longer you take to pay off the debt, the more you’ll be paying in interest.
It’s hard to believe, but 2019 is half over. Take a timeout from barbecues and mountain hikes to give yourself a mid-year financial checkup. Use the seven steps below to guide you.
Step 1: Revisit Your Budget
Take some time to review your monthly budget. Is it working for you or are you falling behind each month? After reviewing, adjust your budget as necessary.
Managing your first credit card is a watershed moment in building a positive credit profile, so it’s important to know that there is a right...and a wrong…way of doing it. This Starter’s Guide will show you the step-by-step process of achieving good credit with your very first credit card.
Believe it or not, if you bury yourself in bad credit debt, it can not only prevent you from buying a home or car, but hinder you in your next job opportunity. From the day you get your first credit card, every purchase and every payment matters. Immensely. It’s important to be responsible not only when using your credit card, but also at payment time each month. But what exactly does that mean?
When you are a young student, it is a perfect time to start building your credit. A “credit score” measures the chance that a loan will be paid back by the borrower. In other words, it provides lenders an idea of the likelihood that their money will be returned to them…in full and on time. To establish and maintain a good credit score requires that you demonstrate a track record of responsibility and trustworthiness with someone else’s money.
In compliance with the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), companies such as Equifax, Experian and TransUnion are required to provide individuals with a free annual copy of their credit report upon request. The following information will help you understand how to acquire your credit report and why it’s important to do so.
Credit Scores, commonly known as FICO score, have standardized the way lenders view credit. But how is this score determined?
When you decide to open your first credit card account, every purchase, action or inaction, will move you towards a good or bad credit rating. Making smart choices with your new credit is important to your financial future, so avoid bad credit by following these eight simple rules.