FICO’s new scoring model, which was announced this past week, will likely lower credit scores for those with a current credit score below 600, as it is based more on the past two years of payments, and it takes personal loans into account. However, those who already have good credit
Credit card debt is one of the most difficult financial obstacles to overcome – interest rates are high, minimum payments barely scratch the surface of the actual debt, and it’s just so, so easy to fall into the trap you set for yourself whenever you use your credit cards without
1. Don’t wait until you finish school to start paying back those student loans. Even if you’re only paying the interest that’s accruing month to month, start paying what you can as soon as you can. 2. Get a job while you’re in college. Wait tables, run a cash register.
Are you a recent college graduate? Starting a new job in a new city? Maybe you’ve just now saved up enough money to get your own apartment? Maybe you’re just moving from one rental to another? Whatever your reason for moving, one thing that you don’t want to neglect is
Ever wonder when is the best time to work on your credit score? Should you work on it around the first of the year when you’re looking at your budget, taxes, and spending for the previous year? When you’re wishing you had enough money to take a vacation this summer?
Summer is almost here! Are you planning a vacation? Or are you still trying to figure out how you’ll afford to take even a small vacation? You know, one of the easiest ways to save money (and be able to afford that vacation) is to cut expenses, and the easiest
Even though it’s the dead of winter, it’s not too early to start planning your next vacation… after all, spring break really is right around the corner! And it’s never too early to start planning your summer vacation, either. Of course, any vacation planning nearly always starts with your budget.
Looking at your monthly expenses? Maybe you’ve been getting ready to do your taxes and you’re sorting through all those receipts, monthly statements, and bills for the year, comparing interest rates, calculating payments, and figuring your budget for the coming year? Maybe you’re looking for ways to put a little
As the year winds down, the first of all those Christmas bills has undoubtedly already arrived in your mailbox, and if you’re anything like the rest of us, the bill is more than you expected. And it will take longer than you thought to pay it off, too. I don’t
In our last post, we discussed the benefits of consolidating your credit card bills into one, low monthly payment with a personal loan. Not only does this save you money on interest, but you’ll be able to pay the loan off sooner than simply making minimum payments on your credit