Personal Finance

What Is Loan Consolidation?

Students who have taken out student loans from properties like Stafford Loans, PLUS Loans, or Federal Perkins Loans will have the option to consolidate their loans into one payment. That payment will also have a fixed interest rate and less frequent monthly payments, which will also spread it out over time. Image via Kiplinger. More

3 Total Myths That Do Not Hurt Your Credit Score

There are several myths about what can hurt your credit score, which is a little annoying since there are a lot of things that actually can hurt your credit score that you need to keep in mind without getting confused. Unpaid collection accounts, past due accounts, and short credit history are some of the few of the things that you will want ... More

Here’s Why You May Only Need Two Kinds Of Credit Cards

Wondering how many credit cards you should have? Well, that depends on who you ask. Some financial experts say zero—as in none and that it isn't worthwhile to open a single card up. Others say that you should sign up for as many as you can handle (which is especially important to consider if you're signing up for credit cards that have ... More

Advantages of Salary Loans

Have you ever heard of salary loans? Salary loans are similar to payday loans except the fees are much lower and they are done at your local bank. A payday loan is a short term, unsecured loan that usually caps at $500 (though depending on your needs, there's also usually some wiggle room allotted). With a payday loan, you're expected to pay ... More

Why You Shouldn’t Ignore a Credit Card Because It Has a Fee

A quick internet search will elicit dozens upon dozens of credit card offers, and most consumers are programmed to automatically ignore those that charge annual fees. After all, why use a card with fees when there are so many that don’t charge them? As it turns out, there are a few good reasons not to ignore a credit card simply because it ... More

How to Raise Your Credit Score

As you probably know, a healthy credit score is important to your financial health, but many people struggle to overcome past mistakes. Since credit scores consider many years’ worth of your purchase and payment history, it can take time to improve your score even incrementally. Luckily, there are a few simple ways to get your score moving ... More

Credit Card Perks You May Not Know About

Sure, credit cards are a great way to finance purchases when you don’t have the cash, but they’re also a great way to enjoy extra financial value. Credit card perks like cash back and travel rewards are fairly common, but now card companies are offering even more benefits that you may not be familiar with yet. Exclusive Event Invitat... More

Why You Might Want a Backup Credit Card

There are a plethora of credit cards available these days, many with fantastic perks. So, why choose just one? Getting a second credit card allows you to keep your options open when making purchases, and it can be useful in an emergency situation, too. Below we’ll explore four more reasons it pays to have a backup credit card in your ... More

Mortgage is Cheapest Way to Borrow

If you have to take out a mortgage for your home, don't fret! You don't have to hate this new monthly payment; in fact, you should come to love it because your mortgage will end up being the cheapest way for you to borrow while owning your very own shelter. No one loves having debt, but a mortgage is one of the less stressful elements for you ... More

Lessen the Strain of Student Loans

Student loan debt is a tricky beast to reckon with—we want to obviously have the educations of our dreams, but it's going to be difficult to pay back that student loan debt after the fact. It can easily be one of those things that cripple you for years to come, but obviously no one wants that to happen or wants to live that way. So what ... More