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For many consumers, 2024 was a mixed bag of pluses and minuses when it came to credit. Many borrowers with lower fixed-rate mortgages considered themselves lucky and resisted the urge to move or sell. Others, like those straining under the size of their credit card and car payments, endured record-high credit card APRs and car […]
Experian 2024 Consumer Credit Review Read More »
A debt payment that’s just one day late won’t appear on your credit report and therefore will not affect your credit scores. However, you may face late fees, increased interest rates or other penalties. A One-Day-Late Payment Won’t Affect Your Score A payment made one day late—or even a few days late—may be subject to
Does a One-Day-Late Payment Affect Your Credit Score? Read More »
Consumer credit card usage in 2021 stayed largely stable. This was a contrast to 2020, when credit card borrowers retrenched during the pandemic lockdown and snapped a decade-long streak of credit card balance decreases both by spending less and borrowing less. If 2020 was the year of disruption, 2021 was the year that American consumers
Credit Card Debt in 2021: Balances Slightly Decline Read More »
Taking on a business opportunity that promises to give you more time, more money and more flexibility sounds like a no-brainer. But when these opportunities come in the form of multilevel marketing (MLM) businesses, the risk of credit card debt may outweigh any potential rewards. Here’s what you need to know about financing for MLM
How Multilevel Marketing Can Cause Credit Card Debt Read More »
There are many different kinds of debt that people might have. Debt that is backed by some sort of collateral is called secured debt. Examples of this might be a car loan or a home mortgage. Your home mortgage is backed by your home — if you stop paying your mortgage, the bank may take
How to Use a Personal Loan to Consolidate Debt Read More »
Change has to start somewhere, and for many people that change is easier to make if the starting point has some meaning. It can be a birthday, an anniversary, or any other date with some symbolic weight. Most commonly, people choose the beginning of the new year. If you’re looking for some New Year’s resolutions
The 5 Best Financial New Year’s Resolutions Read More »
