Credit.org News
If you’re facing debt or looking for ways to make a few extra dollars, then chances are you have too much stuff. Many of us build credit card debt over time with simple purchases that accumulate, filling our house with things and our credit card statements with debt. A yard sale is a great way…
read moreFor most Americans, owning your own home is a dream that can come true. At credit.org, we’ve always advocated that homeownership should be part of your long-term financial plan, helping to build overall wealth and stability while improving your financial security during retirement years. Making the decision to pursue and ultimately become a homeowner is…
read moreA lot of families rely on their credit cards to pay for their vacations. What they don’t realize is that interest and late fees can add 20 percent to the total cost of their vacation, which could lead to consumers paying for their vacation for months, maybe even years. To avoid carrying the debt from…
read moreWe want to offer some advice for those who want to help Dad—or Mom—with a debt problem. It’s not easy for parents to come to their children with financial troubles. While we all want to help our family when there is a need, there are smarter ways to offer assistance. There are a few things…
read moreFor most people, reliable transportation is about as important as food and shelter. Unless public transportation is really convenient from your home and work, or these two places are really close together, it would be difficult to live without a vehicle of your own.
read moreThe average undergraduate has nearly $1,000 in credit card debt, according to Sallie Mae, the nation’s largest maker of student loans. The older a student gets, the higher the average balance; students aged 23-24 carry an average balance of $1,109. Many student credit cards have high annual percentage rates, which means the longer students wait to…
read moreWhen we educate consumers about achieving financial freedom, goals come up early and often. Setting goals is an essential early step for anyone who wants to achieve success, whether that involves financial, personal, career, spiritual or any other area of individual achievement.
read moreOne cannot put a price tag on the love and companionship a family pet offers, but pet ownership does carry a financial cost that can make it harder to balance a household budget.
read moreMaking regular monthly payments on your debts is the best way to improve your credit score, and late payments are the most significant cause of bad credit. That’s why we stress making your payments on time every month as the most important thing you can do to build a positive credit history as you work your way to financial freedom.
read moreMany a commenter has cracked wise about budgeting and personal finance education: “Don’t spend more than you earn,” they’ll say, “how hard can it be?” Pretty hard, actually. Of course everyone knows the basic rule is to spend less than you earn. A big problem for many consumers is that they don’t really know a)…
read moreAmericans are a culture of car lovers. We pamper our cars, treating them like miniature extensions of our homes with elaborate sound systems, plush carpeting, and fancy detailing jobs. Unfortunately, many of us also waste a lot of money on the operation and maintenance of our cars, and pay more to own a vehicle than we…
read moreThe best tool for teaching your kids about money is an allowance. If you want your children to grow up with good financial sense, you need to start early with a regular, consistent allowance. Giving your kids a source of income and the responsibility of managing it will teach them lessons to last a lifetime….
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