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...]
A Guide to Avoiding the Most Common Credit Mistakes
Credit can often be one of the most neglected pieces of your personal finances—when was the last time you checked your score? When you don’t consider or understand the importance of your credit, you run the risk of hurting it. That’s why we’re here to tell you about ten of the most common credit mistakes—and some tips on how you can avoid them. Avoid skipping or making late … [Read more...]
What is a Secured Credit Card?
If you’ve done any research on credit cards, you might have come across the terms "unsecured card" and "secured credit card" while exploring your credit options. A secured credit card is a handy financial tool that allows consumers to build credit, develop positive financial habits, and improve their credit scores with responsible use. What is a secured credit card and how … [Read more...]
The Value of Good Credit
It's hard to avoid the topic of credit. We hear about debt consolidation on the television, credit protection services on the radio, and complaints about high interest rates from friends. However, while we might want to shut out the noise every once in a while, we can't deny the value of good credit. What Is Good Credit? Every lender uses its own credit rating algorithm to … [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...]