Day: December 1, 2020

What To Do When You Max Out Your Credit Card

December 1, 2020

Just because your credit card provider lends you a certain amount of money doesn’t mean you should use all of it. Reaching your credit limit, or maxing out your card, is detrimental to your credit utilization ratio and significantly impacts your credit score. If you max out your credit card and let the balance carry […]

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Should You Borrow A Christmas Loan?

December 1, 2020

It’s hard to believe that Christmas is just a few weeks away. In the past, you may have been tempted to take on more debt than you should to cover the cost of presents, decorations, travel, clothing, and more.  But this year, things are different, and your credit score may not be the same as […]

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Congress Returns To Capitol Hill: What This Means For Another Stimulus Package

December 1, 2020

Congressional lawmakers reconvened on Capitol Hill on Monday following a Thanksgiving recess. With the end of December quickly approaching, the House and Senate have fewer than two weeks left this year to put several critical pieces of legislation to a vote. Although another round of stimulus relief is on everybody’s mind, lawmakers will likely focus […]

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Best Store Credit Cards – December 2020

December 1, 2020

With the holidays right around the corner, you’re probably already working on your annual gift list. As you make your list and check it twice, you’ll also want to cut costs where possible. One way to do that is with store credit credits. Store credit cards are a type of branded card that you use […]

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5 Banking Mistakes To Avoid

December 1, 2020

There’s enough to worry about already. So when you put your hard-earned cash in the bank, you shouldn’t have to deal with extra fees for basic things like keeping your bank account open, using an ATM, or security protections. Besides costly penalties and keeping your details safe, your financial institution likely charges for other services, […]

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4 Ways To Boost Your Credit By 2021

December 1, 2020

As so many have already said, 2020 has been an unprecedented year. For many people around the country, that has meant new financial challenges.  If you lost your job or experienced some form of income disruption this year, you are well aware of these obstacles. Perhaps you were forced to max out your credit card […]

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Will More Stimulus Come When Biden Begins Transition Process?

December 1, 2020

Congressional talks for the next round of coronavirus stimulus relief have been deadlocked for months. Not only are the House and Senate divided over party lines, but even the Senate and White House have failed to find common ground.  But now that the transition process for President-elect Joe Biden has officially begun, some Americans are […]

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What You Need To Know About Adding An Authorized User To Your Credit Card

December 1, 2020

Are you feeling kind and willing to help someone you know build their credit? You can add them to your credit card as an authorized user. This lets them use your card in your name without being the primary account holder. It’s an excellent strategy for those who are new to credit to build their […]

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How Much Does A Late Bill Affect Your Credit Score?

December 1, 2020

Building your credit (and keeping it up) can feel like you’re playing the world’s most challenging obstacle course. The three major credit bureaus — Experian, Equifax, and TransUnion — use complicated algorithms to determine your creditworthiness.  Unfortunately, those processes are top secret. This makes it even harder to forecast the repercussions of a late bill […]

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Best Credit Cards To Use During The Pandemic

December 1, 2020

2020 is almost over, and we are still fighting the coronavirus pandemic. Despite all of our collective hopes, the virus is still affecting our everyday lives, eight months after it first came to the US.  As we enter December, infections are rapidly rising, and it seems unlikely that things will go back to how they […]

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