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Credit Cards

Is transferring my credit card balance for a better interest rate a good idea?

By | Consumer Knowledge, Credit Cards, Credit Score, financial advice, Interest Rates | No Comments

An introduction to credit card balance transfer. The average credit card debt in the U.S. is $5,331 on an individual level. But, if you’re new to the credit game, you’re not likely part of this statistic. For those of us that have been building and maintaining credit for a while now, we know there are some common techniques to keep…

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Simple Ways to Improve Your Credit Score

By | Consumer Knowledge, Credit Cards, Credit Score, financial advice, Rebuilding Credit | No Comments

Get to know your credit. In fact, become best friends. Whether you’re looking to improve your credit score, or building it from scratch, we’ve got some tips for you. Building and maintaining good credit is no easy task, but often times consumers are overwhelmed by the information they encounter online. A low credit score is not the end of the…

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What is Debt to Income Ratio and How Does it Affect my Credit Score?

By | Consumer Knowledge, Credit Cards, Credit Score, FICO, financial advice, Interest Rates | No Comments

I’m good at making money, even better at spending it. Debt to income (DTI) ratio confuses a lot of people. Unfortunately, these people are often the ones in need of some kind of financial assistance. Many consumers aren’t aware of the simple calculation they can do to find their DTI, or the affect it has on their buying power. As…

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How Does My Credit Score Affect New Purchases?

By | Bad Credit, Credit Cards, Credit Score, FICO, financial advice, Rebuilding Credit | No Comments

Trying to borrow with bad credit? Not so fast. Many Americans are asking questions like, what is a good credit score or how to rebuild a credit score? Chances are if you’re asking these questions, your credit score could use some work. According to Lexington Law; 12% of the U.S. population has a credit score below 550. This group of…

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How long will paying minimum monthly payments really cost me?

By | Credit Cards, Credit Score, FICO, financial advice, Interest Rates, Unsecured Debt | No Comments

I’ll pay more next month… When creating a budget, you’re told to keep your expenses as low as you possibly can, and it’s good advice. Unless of course you’re making credit card payments. Most people are tempted to make the minimum monthly payment on their credit card in an effort to offset other bills. In the long run this is…

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