A recent survey shows that a person will stay committed to one credit card for years. In fact, 25 million consumers stick with their favorite credit cards for more than 10 years. Most consumers have never stopped to consider whether the credit card they are using is the right one. If you fall under this category of consumers, perhaps it is time to get a new credit card. If you want to improve your financial […]
Many people just know that a credit score is just a number, but they really do not know what that number really means. Credit scores play a crucial role in a consumer’s financial health. Many financial institutions use these credit scores generated by credit scoring companies like VantageScore along with other major and minor financial information to make a decision on whether to deny or approve a consumer for a loan and what terms to […]
People always get confused between business credit and personal credit. But the two have a common similarity in that when they are strong they could help you fetch better deals in the market, like help you qualify for lower insurance premiums or interest rates. If your business is new, however, you may not need a business loan right away, but at some point, you may do. A common worry for most business people is figuring […]
Corona Virus and the CARES Act; probably two of the most talked-about topics in the United States in the year 2020. The CARES Act provided a cushion against the economic impacts and effects to millions of Americans, including the students. The Bill proposed an action in which the Federal government was to pause all actions against the student loan defaulters through September 30. The passing of this proposal indeed was a relief to so many […]
It is 2021, and everything seems to be getting back to normal. Though not over yet, the COVID-19 pandemic continues to have devastating effects on the financial health of many Americans. According to data from the labor department, the U.S job losses due to the pandemic were the highest since the Great Depression. The financial distress resulting from any disaster undoubtedly has devastating effects on Americans but in most cases, the minority communities are most […]
