How Bad Credit Can Drive Up Insurance Rates

It’s pretty common knowledge that people with great credit histories get better rates on home mortgages, auto loans, and other types of credit.  Here’s a fact that’s not as well known:  your credit history is also a big part of what…
How to Rebuild Damaged Credit

How to Rebuild Damaged Credit

A low credit score can limit your financial muscle in all kinds of ways. It can prevent you from financing a home, make you pay higher rates when it comes to insurance and credit, and even keep you from being hired for the job you want.If…
Holiday Debt? Our Top 10 Hacks to Get Debt-Free Fast

Holiday Debt? Our Top 10 Hacks to Get Debt-Free Fast

If you’re starting the new year under the burden of old debt, you are not alone. Last year, Americans racked up an average of more than $1000 in holiday debt, according to financial experts at CNBC. Making only the minimum monthly payment…
4 Ways to Establish or Rebuild Credit

Part 2 - 4 Ways to Establish or Rebuild Credit

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In How to Build Good Credit, we discussed how a history of responsible credit behavior can make it easier to get a loan, a credit card or even a job. This can make it tough if you’re just starting out in life or if you’ve had some credit…
How to Build Good Credit

Part 1 - How to Build Good Credit

While the benefits of good credit are well-known, the costs of bad credit can be greater than you think. If you’re able to get approved for a loan at all, you’ll pay more in interest – and, in many cases – a lot more.Bad credit can…

The Evolution of Credit

 Believe it or not, there was a time when consumers had no choice but to pay cash or write a check for every purchase. And it wasn’t that long ago, either. Here’s a brief timeline showing the recent and rapid evolution of credit cards:Early…

How to Get Out of Debt

Debt Can Be Incredibly Overwhelming“Every time I sat down to pay bills, I felt like I couldn't breathe. Our debt was so overwhelming. Sometimes it felt like someone had dropped a huge rock on my chest.”That’s how Vanessa described…

How to Calculate Your Debt-to-Income Ratio

Knowing your debt-to-income ratio is important to understand how it can affect your credit score and credit approvals.Your debt-to-income ratio (DTI) is more than just a number. As a key indicator of your overall financial health, it could…