It’s widely believed that financial intelligence is, for the most part, hereditary. Think about it: what they don’t teach you in school, you’re left to figure out on your own. Your parents or guardians are most likely your go-to resource, but if their own financial
Balance transfers are beautiful things. They’re one of the most popular debt consolidation methods that help you get rid of high-interest payments so you can pay off your debt faster. But should you use balance transfers to pay off debt? And if so, how do
The collection agency called. What you do next could have a significant impact on your finances and your credit score. If you’ve ever been the target of collections calls and letters, chances are you’ve heard the terms debt verification and debt validation somewhere in the
Your credit score is a combination of multiple calculations, one of which is your credit utilization rate. Lenders look at how much credit is available to you and how much of your credit you are using as part of their decision-making process. This number matters
It’s been nearly nine months since President Biden took office, and millions of students and their families are still holding their breath waiting for student loan forgiveness. This was a key pillar of Biden’s campaign, as the $1.57 trillion in outstanding student loan debt is
For months during the pandemic, renters were largely safe from eviction. An eviction moratorium prevented landlords from ousting renters that couldn’t pay, which provided a much-needed cushion to millions of Americans who were out of work. That moratorium just recently expired, however. The Supreme Court
Life gets expensive. Sometimes, going into debt is part of life: for example, you need money to buy a car to go to work (so you have money to pay off your car!). For some people, debt becomes comfortable. It lets us finance the things
No credit score? A credit card can still be in your future. A handful of major banks are rolling out new credit card options that will factor in your banking habits as part of the approval process. If you’re a diligent banker with good money
Rewards-based credit cards can help you get a little something back from the purchases you make every day. But what happens to the points you accumulate when you get a refund for an item? In a perfect world, the points or rewards you earned would
How many credit cards should I have? That’s a common question, one that doesn’t have a straightforward answer. That’s because the “magic number” of credit cards depends on a lot of things, such as income level, debt, spending habits, expenses, and a myriad of other
