If you’ve heard horror stories about wage garnishment, you may believe it only happens to “deadbeat parents” or those that owe thousands of dollars in back taxes. In reality, however, wage garnishment can occur for many reasons, so it’s important to understand exactly what it is, and which unpaid debts can leave you subject to wage garnishment. Read More
When we think about the $1.45 trillion student loan crisis, we normally imagine struggling, young, recent college graduates. We often don’t think about the collateral damage among families that overwhelming school debt can inflict, but that’s a fast-growing problem. Almost all private student loans require a co-signer, and increasingly, the parents and grandparents tied to these debts are running into trouble — lower credit scores, higher borrowing costs, and threatened retirement are just a few of the consequences. Read More
Credit cards are one of the best tools around for building credit. They’re easy to use, offer flexibility and (sometimes) rewards, and they directly affect many aspects of your credit score.
But you may want to build credit without the help of a credit card. Maybe you have trouble managing credit cards, or you simply don’t want one cluttering your wallet. Whatever the reason, there are other ways to build a strong credit history.
Here are nine ways to build credit without a credit card. Read More
If you’re in college, you’re probably already worrying about getting good grades, covering your living expenses, and repaying student loans when you graduate. So, worrying about your credit score might not be your biggest concern. But it should be.
If you’ve ever made a student loan payment or carried a credit card balance into a new month, you already know how interest rates work.
In those cases, it’s the percentage tacked onto your principal debt, or the price you pay later for borrowing money now. Read More