If you’re trying to get your financial ducks in a row, you might have heard of “secured debt” and “unsecured debt.” It’s important to understand what these terms mean. In particular, knowing what unsecured credit is can help you apply for t…
Category: credit
The American Dream is built on the belief that with hard work, anyone can build a better life. But for many, mounting debt and daily expenses make those dreams hard to achieve. Rising living costs, stagnant wages and easy access to credit cards mean th…
Your credit card minimum payment is the smallest amount you need to pay by the due date to keep your account current. You’ll find this number on every monthly statement, and it changes based on your balance, interest, and fees. When money is tigh…
Parenting brings not only emotional and physical responsibilities but also financial ones. Beyond covering everyday costs, some financial choices connected to your children could also affect your own credit history. For example, cosigning a loan or add…
A charge-off on a credit report means a creditor has written off your account as a loss after months of missed payments. Seeing that label on your report can be unsettling, especially if you’re not sure what it means or what happens next. One com…
Divorce doesn’t automatically damage your credit. However, shared debts can create problems if they aren’t handled carefully. If you and your ex-spouse took out loans or opened credit cards together, both of you remain legally responsible for those acc…
Your credit score plays an important role in your financial life. Lenders, landlords, and even some employers may review it as part of their decision-making process. Many people want to know their score but aren’t sure how to check it without paying a …
Are you worried that your credit card’s terms are “worse” than average? Perhaps you’ve talked to friends and found out that their annual percentage rate (APR) is lower than yours, or their credit limit is higher. Or maybe you’re hunting for…
Credit cards can offer a wide range of rewards. Companies offer everything from cashback to airline miles. Two kinds of reward cards stand out from the rest: airline and store cards. These cards are offered by brands you know and love. Both kinds of ca…
If you’ve ever had debt in collections, you probably know how overwhelming the situation can feel. Constant phone calls and the fear of what might happen next can be stressful. But you are not powerless. The Fair Debt Collection Practices A…