Category: Credit

Impoverished College Students and the Various Ways to Build Good Credit ASAP Modest Money2 Comments

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The process of growing up carries with it a great deal of excitement, but also stress. One of the main causes of concern for young people all across the country is that of their current financial status, given the tremendous amount of debt that many of them have accumulated after paying for a formal college education with borrowed cash.

If forthcoming loan qualification, auto insurance, cell phone plans and home ownership are to ever become a reality for Millennials, building strong credit now, rather than later, is a must.

Student Debt in the United States

Unfortunately, the state of student finances is as weak as it’s ever been. To this day, student debt is still on the rise for those seeking to obtain bachelors’ degrees at public and private universities in the United States. In 2013, seven out of every 10 seniors attended their respective graduation ceremonies with an average of $28,400 worth of debt owed to both federal and private lenders.

With such a situation in place, it’s no wonder that — as of the start of 2014 — the U.S. lays claim to over $1.1 trillion in cumulative outstanding student loan debt. On a personal, individual level — especially for young,…

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This entry was posted in Credit, Financial Advice, and tagged , Modest Money2 Comments
By : Adam | 15 Apr 2015
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How to Protect Your Credit Score As If Your Life Depended On It

By : Adam | 16 Mar 2015

First of all, the title of this post is not hyperbolic. Your life does depend on it. In the U.S., it is all but impossible to live over the level of poverty without having some form of credit extended to you. Feel free to waste …

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Why I Love Dave Ramsey, But I Still Love Credit Cards

By : Adam | 12 Mar 2015

There ​I was. 18 years old. ​And I didn’t have a clue ​. ​ I didn’t realize that some people were actually debt-free. I thought a car payment was just another bill. I mean, everyone has a car payment, right? I thought credit cards were …

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TransUnion’s Credit Lock App – Credit Identity Security When it Matters Most

By : Adam | 18 Feb 2015

If you are not prepared for identity theft, you are making yourself a target. It’s as simple as that. But even the most prepared consumers are not completely secure. Identity theft has a cascading effect. Once a thief has a single account password, it’ll be …

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Got Denied for Credit? Do These Things to Quickly Boost Your Credit Score and Get Approved

By : Adam | 4 Feb 2015

In 5 Reasons to Avoid a Low Credit Score you learn about why having a high credit score is so important.  One of the most important reasons to keep up with your credit score is so that you can apply for credit and get loans …

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USAA Secured Platinum Credit Cards Review

By : Adam | 12 Dec 2014

The USAA is one of the largest financial service providers around. They’ve been in business since the early 1920’s and have a reputation for excellent, ethical customer service. You may be interested in these cards (both the MasterCard and American Express versions) because you are …

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Credit One Bank® Platinum Visa Card Review

By : Adam | 24 Oct 2014

This Credit One Bank® Platinum Card is a card that can be useful, but should be handled with extreme caution. Do I have your attention? Let’s proceed. First of all, this is a card focused on folks with miserable credit. The card is marketed as …

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