A Guide to Retirement With Student Loans
If you’re quickly reaching retirement age but still dealing with the burden of student loan debt, you’re not alone. According to the Consumer Financial Protection Bureau (CFPB), “The number of consumers age 60 and older with student loan debt has quadrupled over the last decade in the United States.” Student loans can affect your credit score and […]
When Should You Use a Credit Card?
You researched several credit card options, chose the best credit card for you, and completed the application process. Upon approval, your shiny new credit card was sent to your home and now it sits in your wallet, waiting for action. Your credit card can be a useful financial tool that increases your purchasing power and builds your […]
How to Avoid Credit Card Debt
When you carry excessive credit card debt, your credit score is negatively affected for years. According to Experian, when you use more than 30% of your available credit, it’s seen as a red flag to potential lenders and creditors. About 30% of your credit score relies on how much credit you’re currently utilizing. Follow these […]
What Is on a Credit Card Statement?
Whether you’re thinking about applying for a credit card or you just got approved for one, it’s important to understand what you can expect to find on your credit card statement. Credit card statements are sent to customers so they can review the transactions they participated in, how these transactions affected their current balance, and the […]
Issuing Credit: How Credit Card Processing Works
A credit card issuer is a bank or financial institution that provides credit to a consumer or business through a card. In addition to these major institutions, regional banks and local credit unions also issue credit cards to qualified consumers and businesses. When you’re choosing the best credit card for you, it’s important to review […]
Is Acorns Worth It?
Acorns is an app that helps you save money so you can invest in your future. When you sign up for Acorns, your debit and/or credit card transactions are rounded up to the nearest dollar and this spare change is put into your investment account with the app. The money in your account is invested into your […]