Credit

How to build your adult kids’ credit
If your child recently graduated college and is struggling to find a place to live, their credit — or complete lack thereof — could be the reason. Good credit is a key to landing apartments, mortgages, credit cards and loans. So what do you and your adult child do now? Try building their credit by following the steps below.

Is Debt Consolidation Right For You? Here’s How To Find Out:

Having multiple sources of debt can make you feel like you’re being pulled in several different directions at once, and takes a toll on you both financially and emotionally. That’s debt consolidation can help! It’s exactly what it sounds like — rolling multiple debts into one manageable monthly payment. Debt consolidation loans help bystreamlining the payment process with a budget-friendly option, as well as, potentially lowering your interest rate.

Maintaining a good credit score during this pandemic might not be a top priority at the moment. However, try to remember that this crisis will pass, and you should do your best to come out of this as financially solid as possible.

The impacts of the coronavirus are causing many people to experience financial stress. If you’re one of them, consider employing some of the strategies below.

According to Debt.org, more than 189 million Americans have credit cards. On average, each household with a credit card carries $8,398 in credit card debt. It can seem all too easy to continue adding to this debt, but nearly impossible to get rid of it - especially with high interest rates. 

Your credit score rating says a lot about you. It represents the most important impression you’ll make on a potential lender. The better your score, the more creditworthy you appear and the more likely you’ll be approved for a loan or credit card the best terms.

Considering closing an existing credit card? Questions about what will hurt your credit? Keep these tips in mind when making decisions involving your credit!

Credit scores are important. Your credit score can not only affect whether or not you get approved for a loan and the interest rate you may be charged but also your ability to rent an apartment, sign up for utilities, and even impact whether or not you get a job with the employer of your dreams. How you manage your credit directly impacts your score.

Having a certain amount of debt is expected and it can actually build credit by showing you’re ability to pay it off. But how much debt is too much?