Due to the pandemic, shut-downs have created an economic crisis that substantially increases the risk for lenders. With tens of millions of people unemployed, it’s not surprising there’s a greater reliance on credit. And with that, a higher percentage of missed payments on these accounts….
Taking control of your personal finances means spending plenty of time looking at numbers. It can be overwhelming tracking expenses, creating a budget, monitoring credit card balances, and growing your income and net worth. But it’s also some of the most important work you can…
You might have heard of the Federal Reserve and the terms federal funds rate, and discount rate. But what do they mean? And more importantly, how do they affect you? The short answers are: The Federal Reserve is the central bank system providing financial services…
While some people think renting is the best decision, others of us dream of owning our own home. Most of us home buyers have a goal of paying off our mortgages before retiring (or earlier if possible). So, when interest rates drop, it’s smart to…
Thanks to data breach after data breach, online security and identity theft are at the forefront of most adults’ minds. Most of us work pretty hard to keep ourselves safe online. We log out of public computers after using them. We create different usernames. And…
There’s a good chance you already have access to revolving credit and use it frequently. Almost 70% of Americans have at least one credit card. Many people have multiple revolving credit accounts or “lines” of credit. Credit cards (including store credit cards), home equity lines…
Is reducing debt and saving for the future on your to-do list? Then you’ve come to the right place. If you’re ready to start managing your money more effectively, check out our top beginner articles on taking control of your personal finances. You’ll learn about…
You’ve probably heard at one time or another that freezing your credit is a good idea. Since almost 45% of Americans had their personal information stolen in the Equifax breach in 2017, more people have taken steps to do a credit freeze of their files….