Monthly Archives: December 2010

What Is A Credit Score?

December 23rd, 2010

You don’t want to live on your mom’s couch for the rest of your life, so you’ll need to get a good credit score to get a place of your own. It’s time to buckle down and begin building your credit so you don’t have to rely on your mom’s. A good credit score can help you get the keys to your apartment, your next car and, in the long-run, your dream home. Your bank, a department store or even a landlord check your credit score to determine whether you are fiscally responsible to borrow money or pay your rent. The higher the credit score the more “credit worthy” you are deemed. A good score can result in a lower interest rate on a car loan, a mortgage or a sweet apartment…

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Am I Financially Literate?

December 13th, 2010

a piggy bank wearing glasses illustrating smart banking

You don’t have to have a degree in finance or economics to become financially literate. Across the nation efforts to help empower consumers to become more financially literate have been popping up in schools, and even by financial institutions themselves. But what exactly does “financial literacy” mean…

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Choosing The Right Card For You

December 3rd, 2010

man thinking about which credit card to apply for
With a million (or what seems to be a million) choices to choose from, selecting a credit card can be a hard decision and not one you want to take lightly. Here are a few pointers to help you decide which card is best for you.

Investigate rates- Compare Annual Percentage Rates (APRs) to find the lowest for you. Remember most cards are advertised “as low as” and the rate you’ll qualify for is usually dependent on your credit score. Also be aware of introductory rates that shoot up astronomically after the first 6-12 months, and penalty rates that might be out of control…

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