Monthly Archives

June 2019

Balance transfer: Beating high interest rates or path to perpetual debt?

By | Credit Cards, Credit Reporting, Credit Score, FICO, Interest Rates, Rebuilding Credit | No Comments

The balance transfer game can be fun, until you lose the game. A credit card balance transfer is a common way of avoiding interest rates. This is done by frequently moving your debt to new sources, chasing low introductory rates. While this can be an effective way to avoid excessive interest rates, it can be equally dangerous. For consumers with…

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Avoid debt by teach money management early.

Avoid debt by teaching money management early.

By | Consumer Knowledge, Credit Reporting, Credit Score, FICO, financial advice, Unsecured Debt | No Comments

Save early for a better later. The whole world revolves around money. unfortunate, but all too often the case. When you’re young, you quickly spend money without giving a second thought to the possibility of adverse effects. You’re certainly not thinking of how to avoid debt. It’s essential that children are educated about the value of money, so they understand…

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