Unfortunately, debt has become a way of life in the United States, with American consumers owing an overwhelming total of $11.68 trillion as of April 2014. That debt comes from multiple sources, including credit cards, mortgages and student loans. If you’re struggling to manage your multiple debt payments, you may want to consider debt consolidation.
Why debt consolidation is important
Managing debt from several sources can get complicated quickly. With so many bills due at different times... [More]
Establishing a healthy credit history is a responsible action of mature adult and very important to ensure a financially bright future. With the escalating costs of goods and services, it is critical you work towards this goal. In a previous blog, I wrote about five actions that help your credit score, but what about behaviors that hurt your credit score? Ask yourself if any of the following five situations pertain to you.
1. Missing a Creditor Payment
This may sound like a no brainer, but miss... [More]
A credit score is a three digit number, usually ranging from 300 to 850; the higher the score, the better the credit risk, and by having a better credit risk you could be offered more attractive interest rates on loans. The three main credit bureaus used to evaluate credit worthiness are Equifax, Experian, and TransUnion. Each of these credit bureaus has a slightly different credit range they use when making decisions. If your credit is run and found to be not at the level you expect, don&rsquo... [More]