By Andrew from LendEDU – a consumer education website and financial product marketplace. Andrew has learned quite a bit about personal finance while writing and working for a consumer-oriented small business over the past several years. U.S. consumer debt is at an all-time high, with the average American holding 3.7 cards, according to a recent […]
Your credit score is more important than ever today. Employers, landlords, and college admissions offices will look at them as part of their screening process. Many employers will look at them before hiring a new employee. On top of that, of course, banks will base most of their credit decisions and loan approvals heavily on […]
Credit cards can be a great financial tool, or a fast path to financial destruction. Credit cards make it easy to buy almost anything, but always at a much higher cost over the long term. They’re also a fantastic tool to improve your credit history as long as any carried balances stay low and ideally […]
No age is too early to start building credit. If your child is nearing the end of college, there is no better time than the present. Without a solid credit history, even a good job and significant down payment may not be enough for your child to obtain a loan. There are many great ways […]
Thanks to Murphy’s Law, financial surprises happen to all of us. Sometimes no amount of planning is enough. Your car, home, and pets are all at risk of being stricken by unexpected calamities. An ill family member or unexpected funeral travel is another common setback. If you haven’t read some of our previous articles about […]
It’s easy to throw out your budget and get entirely carried away shopping during the holiday season! The excitement and urge to give makes carefree spending seems like the only way to go. As fun as the holiday season can be, it’s very important to keep a close eye on your keeping to regular budget […]
According to Equifax, a cybersecurity incident potentially impacting approximately 143 million U.S. consumers. Criminal hackers exploited a U.S. website application vulnerability to gain access to certain files. Based on the company’s investigation, the unauthorized access occurred from mid-May through July 2017. The information accessed primarily includes names, Social Security numbers, birth dates, addresses and, in […]
It is important to monitor your credit report at a minimum of once per year. This way, you’ll regularly be able to spot any mistakes that occur on your report that could adversely affect your financial well-being. Use this simple process to locate errors on your credit report and correct them quickly: 1. Go over […]
Most people know that you can access your credit report once per year for free. What is this report all about though and why is it so important? What is a Credit Bureau? A credit bureau is a consumer reporting agency (CRA). They collect facts about how you handle your money, specifically the extension of […]
The same as how good habits can help to make you rich, there are countless bad habits that will make you poor much more quickly. Bad habits are never easy to break, but when the damage caused by these common practices is put right before your eyes, you will be motivated to get them out […]
Financially Fit Formula