An old phrase has always made me stop and ponder: “debt is a tool.” Just like a saw or a hammer, the phrase suggests, debt can hurt or help. Some businesspeople swear by debt – “leverage,” they call it. In … → read more
This week, President Biden made it official: the United States would forgive up to $20,000 in student loans per borrower. The applications opened, the borrowers rejoiced, and the concept of debt got…murkier. Regardless of how you feel about the government’s … → read more
If you’ve paid off your credit card DON’T cancel your card! It can actually hurt your credit score. Ya….who knew?? So how do they calculate your credit score anyway? Here’s an inside tip: http://www.whatsmyscore.org/break/howdetermined.php
So you want to buy that shiny new iPad? Or a sweet electric guitar? You just can’t stop thinking about going on a dream shopping spree? We hear the same financial advice all the time: separate your wants and your … → read more
A credit score, also called a FICO score, is a rating of your previous responsibility with credit. When you apply for your first credit card or the usual Bank of America auto loan, a credit report is started in your … → read more
