Credit card debt in America continues to rise; the Federal Reserve released numbers for August 2017 showing over $13 billion in outstanding credit card debt. Why has credit card debt become such a problem? According to a 2017 study from creditcards.com, which surveyed credit card holders in the United States, “many carry debt for years; those with more income [are] … [Read more...]
U.S. Credit Card Debt Reaches New High—Here’s How to Stay on Track Financially
Are you currently carrying a balance on your credit cards? If so, do you have a plan to get rid of that debt? A January 2018 report from the Federal Reserve highlights the problematic debt that Americans are carrying. Revolving debt, which is primarily credit cards, hit a record high as of November 2017, reaching nearly $1.3 trillion. This data underlines the importance … [Read more...]
How One Woman Raised Her Credit Score from 578 to 774
A couple of years ago, Sandra was getting ready to apply for an auto loan in the hopes of buying a more reliable vehicle than her old one. With a friend’s urging, Sandra checked her credit score for the first time in her life. She knew she had always been relatively responsible with money, although she had run into some problems paying bills on time in the past. She only has … [Read more...]
The Green Dot Platinum Secured Credit Card is Here to Help You Build Credit
If you’re looking to build credit but don’t know how, look no further! The Green DotPlatinum Visa® secured credit card is here to help. It’s a credit card that’s easy to qualify for, even if you have bad credit, no credit, can’t qualify for most credit cards and have no bank account. All you need to do is fill out a form to pre-qualify and put down a refundable security … [Read more...]