If you’re worried someone could steal your personal identity and buy something on credit or get a loan in your name, “freezing” your account at credit reporting bureaus could stop identity thieves cold. Not only that, Congress recently passed a law that ordered credit reporting bureaus to offer free credit freezes. More on that below.
When it comes to building credit, it’s best to start sooner rather than later. Sending a student off to college with a credit card is a good way to help them build credit. By the time they graduate, your kid will have four years of credit history, which will enable them to borrow on favorable
You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author’s alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. I know what you’re thinking: “I’m young, I’m web-savvy,
The total outstanding value of US credit card debt is now over $1.02 trillion. This places a significant burden on total US household debt and amounts to a debt burden of around $7,000 per household. It is encouraging to note that less than 50% of US households have any credit card debt whatsoever. If we
When it comes to credit scores and credit reports, the so-called “conventional wisdom” is full of common myths and flat-out inaccuracies. The fact is, some of the most common misconceptions can actually hurt your score. With that said, here are five common credit score myths to consider. Myth: Improve Your Score by Closing Unused Credit
If you’ve ever struggled with credit or debt problems in the past, you probably want to help your child avoid repeating your mistakes. On the other hand, if you’ve managed your credit soundly and understand the benefits of doing so, that’s a life-skill you’d probably like to pass on to your children. Regardless of your