What Category Does Your Credit Score Fall Into?
Your credit score is a number lenders use to determine whether you’re worthy of credit or not. Credit scores are usually divided into five categories: Excellent: If your credit score ranges anywhere between 740 to 850, it is considered excellent. Having a score this high normally means you’ll be approved…
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How High CreditCard Balances Can Keep CreditScore Low
If you’ve been making payments on time, yet your credit score is stagnate, there may be other factors to consider. Making payments on time is the biggest factor affecting your credit score, but it isn’t the only factor that affects it. If you make a late payment, it could affect…
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How To Pay Off A Credit Card The Smart Way
An option to pay off your credit card debt fast is to move your debt from a credit card to a home equity line of credit. Another term for it is HELOC. It can substantially decrease the amount of interest you pay. It is a smaller risk to lenders than…
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What’s a Grace Period?
If you’ve ever skimmed your credit card statement, on the back you probably saw the terms and conditions. In the terms and conditions section, you probably saw something called a “grace period”. It’s the time you have until your payment will be deemed as late. It’s the period immediately after…
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Tips For Making International Credit Card Purchases
Whether you’re trying to purchase something online or make a purchase internally, you need to make plans for how to deal with your credit card company. By deal, we mean prepping them so they know you’re making a transaction out of the country and they won’t flag your card. If…
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Clever Way To Use The Cash Back Rewards From Credit Cards
Did you know that there are much smarter ways to use the cash back rewards from your credit cards? Instead of taking that money to spend on something else, you can have your cash back working for you. One of those ways is by investing it. Overtime, if you invest…
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Making the Most of Your Retail Credit Card
Retail credit cards come with special benefits and incentives for their card holders. Stores like Target REDcard gives its shoppers the option of free shipping for orders placed online, not to mention an extra 30 days for returns. Then there are stores like L.L. Bean who offer card holders free…
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What to Know About Advance-Fee Loans
Taking the plunge to take out a loan is scary enough without having to worry about being scammed in the process. Here are some ways you can be alert and aware of potential scams. Advance-fee loans are one type of scam to be incredibly wary of. With an advance-fee loan,…
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The States With the Highest Student Loan Debt
Student loan debt is a serious problem in the country currently, but there are certain states where it's worse than others. Here are the states with the highest student loan debt: New Hampshire ($36,367)Pennsylvania ($35,759)Connecticut ($35,494)Delaware ($33,838)Minnesota ($31,915) Here are the states with the lowest: Utah ($19,975)New Mexico ($21,373)California ($22,744)Arizona…
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Some Consumers Are Having More Trouble Taking Out Loans
People are finding themselves in situations where loans are harder to acquire as banks become pickier about who they choose to lend with. Although the economy only seems to be doing better and better, it appears that banks have tightened their standards. Up 3.3 percent from last year, 11.7 percent…
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