If you care about the health of your finances, you almost certainly care about your credit score. You know you want it to be as high as possible, but do you know which things can hurt your credit score?

Credit scores can be complicated formulas. And those formulas are different, depending on if your credit score comes from FICO or VantageScore. Knowing what’s hurting your score can help you avoid the things that are holding you back — and it can even help you attain that high credit score you desire.

Keep in mind: provides an exact breakdown of how…


Your 30s are a time for growth and upward movement. If you laid a sturdy foundation during your 20s , you can really build a great life for yourself in the decade that follows.

Not only should you continue the good habits you’ve already formed, but you should also focus on increasing your earning power. The potential for growth comes with increased risk, which is why you want to avoid things that can knock you off course and have a lasting effect on your life.

So, with a few years under your belt and more wisdom than ever, let’s figure…


Your 20s can be a definitive decade. It’s a time when many people carve out career path, find a partner and lay the foundation for the rest of their lives. And laying a sturdy foundation is especially true when it comes to your personal finances.

There’s plenty of time to recover from money mistakes in your 20s, so it’s important to remember that a single misstep won’t affect you forever. But if you take the time to prepare (and watch out for the mistakes), you can set yourself up for success in the long run.

Some of the most common…


So, you want a credit card.

Most people you know have one, and a credit card seems like it would be helpful. You also know a credit card is a good way to build credit for your future. Plus, the card you have your eye on comes with some nice perks.

But to get a credit card, you need good credit. So, how do you build credit without a credit card?

Whether starting from scratch at a young age or rebuilding credit later in life, many people face this challenge. But there are other ways to build credit.

Building credit…


Saving money isn’t always easy. But sometimes it helps to think of it like an equation.

Adding to your income is one way to save. You can ask for a raise, find other employment opportunities or seek out a side hustle. You can even sell some personal items to put extra cash in your pocket.

But the addition equation isn’t an option for everyone.

Subtracting from your spending is another strategy for saving money — and it’s something everyone can do.

You can probably think of a few ways to reduce your spending immediately, but there’s no shortage of small…


Credit card fees. We all deal with them, even if we don’t enjoy them.

It feels like there’s a fee for just about everything. And keeping track of them is no easy task.

Late fees. Over-limit fees. Balance transfer fees. The list goes on …

They might be unpleasant, but credit card fees are still important to understand, especially if you’re dealing with credit card debt. That’s why we compiled a list of 10 common credit card fees and the main things you should know about them — including how to avoid them.

1. Annual fee

An annual fee is charged once a…


Paying off debt can be hard. It takes time and effort. And even then, new challenges can get in the way of becoming debt-free.

It’s so difficult that many people are unsure when they will pay off their debt — if at all.

This problem is especially widespread in the United States. More than 65% of Americans said they don’t know if or when they will be debt-free, according to a recent poll by CreditCards.com, while 25% believe they won’t be able to pay off their debt in their lifetime.

These numbers seem alarming. But keep in mind they’re based…


Credit card bills creep up on you sometimes. Maybe you’re traveling and lose track of what day it is, or maybe you’re busy with work and forget to pay that one card in the back of your wallet.

Whatever the reason, you don’t need to panic. It happens to the best of us.

More than 1 in 5 Americans reported making a late credit card payment at least once in their life, according to NerdWallet’s 2018 Consumer Credit Card Report, which amounts to more than $1.4 billion. And that doesn’t include interest!

A helpful way to never make another late…


As the song goes, “We all need somebody to lean on.”

We also need money sometimes, and that can come in the form of a personal loan or a line of credit.

These two credit options have a lot in common, but you should know the difference if you want to make a cost-effective decision that meets your needs.

What’s a Personal Loan?

A personal loan is a structured, set amount of money you can borrow. …


Of all the numbers you’ll hear about when signing up for a new credit card, one is much more important to understand than the rest: annual percentage rate (APR).

APR determines whether or not you’re getting a good deal on a credit card. The higher the APR, the harder it is to pay off your card balance, if you fall behind on payments.

But APR isn’t just an interest rate. There’s more that goes into it, and if you want to know exactly how it’s calculated, you need to read the fine print.

What’s APR?

APR is the interest you pay on…

Jacob Palmer

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