The following credit cards offer 5% cashback bonus promotions — usually on a quarterly rotating basis in select categories of goods and stores. The best strategy is to have several of these reward cards so all your categories are covered and you ensure that you don’t hit the cap where your reward is reduced to … Read more Best 5% Cash Back Credit Cards for November 2019
Should you pay off debt or invest? The answer really depends on your specific situation, but it is a question worth exploring in detail since so many people go through this decision-making process at one time or another. The first step to answering this question is to understand the debts that you owe. Pay Off … Read more Should You Pay Off Debt or Invest?
What number is considered a good credit score rating? On a scale that goes from 300 to 850, two of the three credit bureaus and myFICO® consider 670 as the lower end of the GOOD credit rating. On a more conservative side, you can probably consider anything above 720 as the definitive starting point for … Read more What is a Good Credit Score Rating?
Regardless of your financial situation, your credit score is an important aspect of your finances. This is especially true if you’re planning to borrow money for any reason. With a better credit score, you could qualify for lower interest rates when you borrow, e.g., home mortgage, car loan, and other types of loans. As such, … Read more How to Raise Credit Score and Fix Bad Credit
When money is tight, and you need a little more liquidity to ease the situation, you might need to get a loan. But what if you have bad credit? Bad credit can be a deal-breaker when it comes to getting the cash you need. In fact, some banks will turn you down for a personal … Read more Bad Credit Loan: 6 Ways to Borrow Money With Bad Credit
Having high credit limits can sometimes seem like a validation of our financial success. If these lenders allow you to borrow such a large amount, they must think well enough of you and you are therefore you must be successful. For younger adults, it can even be fun competing with your friends to see who … Read more Is it Good to Have a High Credit Limit?
Not long ago, I participated in a forum discussion: Debt Snowball vs. Emergency Fund. The premise is very simple. Should the person start an emergency fund while he’s still in debt? In this case, we are talking specifically about credit card debt averaging 15% in interest. In this article, we will follow this sample scenario: … Read more Start an Emergency Fund or Pay Off Debt?
Mixing money and family typically is not an advisable financial move. All too often personal feelings get tangled up in a web of financial burdens and it can be a very unpleasant and potentially long-term bad situation. It can be made even more complicated when the ones you are closest to in your family … Read more Tips for Lending Money to Family and Friends
Are you looking for a solution to your debt problem? If so, then you probably saw at least one ad for some type of debt relief. And with all these companies making bold promises to help consumers, it’s no wonder people are confused when searching for help with debt. Which makes them easy targets for … Read more How to Avoid Debt Relief Scams and Find Legitimate Help
Credit cards don’t come with instructions! How true. On the one hand, having a credit card makes buying so easy. Just hand over your card, and worry about paying later. No need to carry cash. No need to carry around your checkbook. No need to even visit a store in person. What could be easier? … Read more 5 Things to Know About Credit and Debt