Posts Categorized: Credit and Debt

What is a Charged Off Debt?

Did you know that making debt payments on time plays a significant role in your credit score? Missing a payment can bring your score down several points, and the longer you put off making payments, the more your credit suffers. Late payments bring on a slew of penalties, including: Late fees Increased interest rates Higher…

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It’s no secret: whether you’re an incoming college student or their lucky parents, tuition payment strategies are an important topic before school starts.  Student loans are becoming one of the largest types of debt in the nation. For most people, they are often necessary to receive a college education.  If you’re not careful, student debt…

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Back to school time can be financially challenging, whether the students in your life go to elementary school, college, or somewhere in between. It’s critical to budget carefully to get through the early fall and give your students the best start on their academic year. One thing that is important to note about budgeting is…

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For anyone focusing on all the fun of the big day, it’s also important to talk about the more serious conversations that come with wedding planning. It is vital to understand where you both stand on key topics, align on where you want to be in the future and figure out how you plan to…

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Student loans are meant to help college students pay for education expenses. Some people get the idea that they can use student loan funds to buy assets; this is a dangerous practice with many downsides. Recently, surveys hit the news suggesting some borrowers are using their student loan money to invest in cryptocurrencies like bitcoin….

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Summer is usually time when families plan their annual vacations. When the kids are home from school, parents can take a week or two off from work and enjoy the summer weather as a family. But vacations can be expensive. Not everyone is in a position financially to take a trip with the whole family,…

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Getting your first credit card is a big milestone for many students and young adults. These symbols of independence are indications that you are financially prepared to accept financial responsibility and begin your credit journey. Before you jump straight in, there are several facts about owning a credit card that you should be familiar with…

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