Do you really need credit? Yes, there are many people who run into credit issues and immediately close the door on getting additional credit for fear of falling back into the credit abyss. Unfortunately, you STILL need the best credit score possible for access to the things that you need and that means having “credit”. [...]
Not all debt is created equal – and not all debt is bad. In fact, you need some debt to establish a good credit rating. Being a responsible borrower means knowing which types of debt can help you reach your financial goals and which types leave you further behind. So how do you distinguish between [...]
Why a Secured Credit Card? A secured credit card is a good choice for someone who needs to establish or reestablish credit. To get a mortgage you need to have established credit. When you have a credit card, the credit card company reports your credit repayment history to the credit bureaus which creates your credit [...]
Do you know the difference? Many people don’t and actually can lose plenty of valuable time rebuilding their credit by choosing the wrong type of credit cards. So which one is the right choice? Depends on your goal, but if you are looking to rebuild your credit, stick to the secured credit card. Looking to [...]
Do you consider yourself frugal? A good saver? Think you could come up with a 10% down payment on a house in three years? If you answered yes to these questions, good for you but believe it or not, you are part of a very small percentage of people who are able to do this. [...]
