Have you looked at your credit report lately? Your credit report lists your personal information and your loans and is the basis for your credit score. You know having a high credit score is important, but part of positive credit is making sure your credit report is accurate.
It’s time for part two of talking about money resolutions for 2016. This week I’ll be talking about making a plan to pay off debt. While some debt can actually improve your credit score (like having a mortgage with a good payment history), debt like credit card debt can lower your credit score and it costs you money every month!
I’m sure you’ve been asked to open a store credit card when shopping. It can seem like a good deal: you can often save 15% on your first purchase with the card. But how do store cards measure up? What happens to your credit when you open a store card?
When it’s time to pay for a big purchase or trip, you might want to finance instead of paying in cash. Maybe you don't have all the cash on hand or you don't want to deplete your savings. After you've decided to finance your purchase, how do you know if it’s better to use a personal loan or a credit card? Make your decision based on your financial habits and be sure to consider the interest rate!