Your credit says a lot about you. Good credit not only tells potential borrowers that you pay your bills on time, but it also demonstrates that you are responsible and able to manage your money. Credit scores, which have become an important metric in our society, are used for renting apartments, job applications, and other things beyond just qualifying for loans and credit cards. That’s why it’s important to understand how to build good credit and what you need to do to maintain your credit.
Everyone needs to be concerned about their credit. Building credit is necessary in order to obtain a credit card, buy a car, buy a house, rent an apartment, or even apply for a job. Chances are that you are already building credit, whether you are aware of it or not, and maintaining a good credit score is important as your life changes. Being proactive about building your credit can open new doors for you as you plan for the future.
Times of uncertainty tend to create economic chaos. Just look at stock market trends during the COVID-19 pandemic. When there is a global crisis like the novel coronavirus, you need to know how to protect your personal finances, including how to protect your credit. As your personal situation changes, your credit becomes more important, because you may need to use that credit until things return to normal.
Welcome to Adulting 101—a lesson on how to make it on your own after college. People often say the college years will be the best years of your life, but they don’t explain why. Let’s be honest: The best part of attending college or university is living life at the meeting point of childhood and adulthood. This article isn’t meant to intimidate you, but rather to prepare you for what happens after graduation. College may be over, but Adulting 101 might be your most important class, yet.
So you’ve found yourself with a less-than-desirable credit score—or perhaps no credit at all. In a previous article, we covered the importance and benefits of building credit as soon as possible. To follow up, here are tips on how to do just that. Read on to learn how to build credit.
Can you remember the first time you opened a bank account? Seems like forever ago, right? It’s such an everyday occurrence that sometimes people forget what a bank account actually entails. What are the pros? Are there any cons? What are the need-to-know bits and pieces of opening a bank account? In this article, we’ll explore the types of questions you should ask.
We can’t all be like Bill Gates. According to CNN, approximately 25 million Americans live paycheck to paycheck. When money is tight, saving even the smallest amount can seem like a monumental task if you’re just trying to get by. How do you save money on a minimum-wage paycheck or lower salary? When it comes to managing your finances, it’s important to think about the future more so now than ever. Even on a lower salary, you can save little by little. Here’s how:
It’s the ultimate showdown—credit unions versus banks! Like in the classic battle of blondes versus brunettes, which financial institution ultimately has more fun? If only it were that simple. Comparing a credit unions vs. bank is a little like comparing apples to oranges. Each has its own strengths as well as areas in need of improvement, and the right choice for you will depend a lot on your lifestyle and banking preferences. Before we delve into the fun facts behind credit unions, let’s consider the question, What exactly is a credit union?