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Categories: College, Credit, Education, Planning

Starting off with good habits in college, especially good financial habits, is extremely important to controlling the debt a graduating college student will have; plus, it builds great financial skills that are helpful through all of their lives. Numerous experts all agree that a few basic tips that all freshmen should know can help make the financial impact of college much more manageable upon graduation.

Have you asked your parents for a loan so you could buy something you really wanted? Maybe your favorite music group just released a new CD, and you don’t quite have enough cash on hand to buy it. You ask your parents if they will loan you $20 so you can buy it right away. Then you use the money from your next paycheck or allowance to pay your parents back.

There are several theories on what is the best way to pay down debt, but it really depends on your personality and what motivates you. Here are 5 different ways to help you get started.

Categories: Credit, Finances

Your credit score says a lot about you to lenders. One small mistake can cost you points which in turn can cost you money in higher interest rates or even cause you to be denied for a loan. Here are 5 mistakes that can hurt your credit.

We’ve heard it said a million times, “debt is bad,” but, how many people can pay cash for their home, car, and/or child’s education? So, when does it make sense to borrow, and what debt should be avoided?

Anyone who currently has or has had credit cards or loans has a credit history with Credit Reporting Agencies. These agencies provide credit reports upon request. A credit report contains information about where the person works and lives and how they pay their bills. It also may show whether they have been sued or arrested or have filed for bankruptcy. Businesses use this information to evaluate applications for credit, insurance, employment, and other purposes allowed by the Fair Credit Reporting Act (FCRA).

Many of the New Year’s resolutions people make involve money. That comes as no surprise, because money plays a major role in many aspects of our life. If you’d like to put your finances on more solid ground, consider these resolutions:

A lot of people worry about their credit and many financial experts devote much of their time to encouraging people to think about it. So what is it about this thing called credit that’s so important?

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