Past Articles From the Money Motivations Personal Finance Series, Designed to Motivate You to Live Debt-Free!
Using the Fingerhut Advantage credit card can help consumers build their credit rating, but it comes at a high cost due to the high-interest rate and a high risk for falling into overspending on Fingerhut and other consumer goods, especially since Fingerhut targets those with poor credit.
Read MoreYou can build credit from scratch faster than you can rebuild bad credit since negative activity remains on your history for seven years or more. Additionally, most lenders who claim to offer loans and credit lines to consumers with poor credit will also loan to those with no credit.
As with everything in life, you will find exceptions to this rule. However, I have found that most people asking this question already have bad credit, or they have had poor credit in the past and worry about a family member or friend going through similar experiences.
Read MoreThese days, a lot of people view credit cards as a necessity — credit cards are convenient, often offer great rewards systems, and build your credit score. Plus, credit cards use the bank’s money, which makes transactions more secure. But when used incorrectly, credit cards can adversely affect your credit score and even affect your financial security.
Read MoreThe coronavirus pandemic of 2020 has led, for the first time in human history, to the shuttering of the world’s economy and to international trade. Countries have shut borders even to neighboring trading partners while simultaneously closing millions of businesses to contain the spread of the COVID-19 infection.
Financial Literacy is having both the knowledge and the competence to manage your personal and household finances in order to set and reach meaningful goals.
Read MoreCredit is not a dirty word. This is the first thing you’ll need to understand when it comes to building credit and becoming more financially responsible. You may have heard the horror stories about borrowing money and the difficulties that can put you into, or perhaps your parents have spoken to you about the dangers of having a credit line and have warned you not to borrow. If this sounds familiar, you might well be completely averse to gaining any kind of credit.
Read MoreYou should review your credit at least on an annual basis. Since 2004, all American adults have the right to view their credit reports from the three major consumer reporting agencies, or CRAs (Equifax, Experian and TransUnion) every twelve months.
Read MoreCredit myths pervade our society. Blogs, Facebook posts, Tweets, Pins and Snaps fill the Internet with misinformation and misguided tips on building or rebuilding your credit rating. Here are the top 5 credit myths to be aware of.
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