Your credit utilization ratio, or credit utilization rate, is the amount of available credit you have versus how much you’re currently using. It primarily refers to revolving credit — lines of credit and credit cards — since these have an upper limit but the balances can change based on your usage. It is a key […]
How to Calculate Your Credit Utilization Ratio Read More »
Tens of millions of Americans have no credit record or a record too thin to generate a score. Millions more struggle with poor credit. If you have this problem, a credit-builder loan may help. Understanding credit-builder loans will help you decide whether they are the right tool for you and which one to pick. Disclaimer:
Here are 10 of the Best Credit-Builder Loans to Boost Your Credit Score Read More »
Credit cards and charge cards both let you make a purchase now and pay for it later. There are still important differences between these two types of cards. Let’s look at what those differences are and which card might be best for you. At a Glance: Charge Cards vs. Credit Cards It’s important to note
Charge Cards vs. Credit Cards: What’s the Difference? Read More »
A credit card can be a valuable tool. It can also be a huge financial burden. Credit cards have led millions of Americans into an unsustainable cycle of uncontrolled spending and high-interest debt. If your cards are maxed out, you’re routinely carrying a balance, or you’re using your cards for impulse spending, it’s time to
How to Stop Using Credit Cards: 8 Tips and Tricks to Break the Habit Read More »
Ever checked your credit report and noticed something unusual? Perhaps a mortgage you didn’t take out or a credit card bill you swear you’ve paid? Credit report errors happen all the time. Fortunately, it’s easier to fix them than you might think. Common Mistakes on Your Credit Report Credit reporting is an imperfect system. More
How to Check Your Credit Report and Dispute Errors Read More »
Netflix has about 222 million subscribers, and Disney, which owns Hulu and ESPN, has nearly another 200 million subscribers. That’s a lot of opportunity for millions to increase their credit scores. If you’ve wondered whether Netflix payments can help you build credit, the short answer is yes. Almost all streaming-service subscriptions can help build and
Do Subscriptions Like Netflix and Hulu Build Credit? Read More »
Teaching kids to save money and build healthy financial habits can be a good foundation for a bright financial future. It is never too young to start laying solid financial foundation practices that will cause them less financial stress in the future. Before kids can save money, they need to make money and understand how
Teaching Kids to Save Money: 15 Tips to Build Healthy Financial Habits Read More »
One of the best ways to teach your kids about credit is to let them learn through experience. Some parents want to give their kids credit cards as a learning tool or to help them out if they’re in a position where they suddenly need money. Pro tip: This is more complicated than it sounds.
10 Best Debit Cards to Teach Kids About Money Management Read More »
If you find yourself in a bind and need some cash to pay a bill, buy some groceries, a new car or have an emergency, sometimes it isn’t easy to get the money you need. And if you have no credit or even bad credit, what’s a person to do? Thankfully, you have some options.
Is No Credit Better Than Bad Credit? Understanding the Differences Read More »
There are two similar companies with very similar names. CreditNerd is a credit monitoring service that offers access to your TransUnion credit report and credit scores, along with other credit monitoring services. Credit Nerds is a small, family-owned credit repair firm noted mainly for offering what they describe as a free credit repair service. Let’s
CreditNerd Review: Pros, Cons, Features, Ratings and More Read More »
