What Happens to Credit Scores After Paying Off a Loan?
Paying off a loan is a wonderful feeling. After months or years of debt, paying off a loan can feel like a light at the end of the tunnel. However, there are some common misconceptions about the effects a paid-off debt has on a credit score. Many assume that when a debt is paid off, […]
Understanding 2020 U.S. Tax Brackets
The United States has a progressive tax system, meaning that the more you make, the higher percentage of your income will be taxed. As of 2020, there are seven tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Depending on how you file, there are different income thresholds for each percentage. Tax Brackets […]
Do Installment Loans Help Build Credit?
Having a strong credit history is extremely important. While your credit score is reviewed when applying for a new credit card or bank loan, it’s actually used in many other situations as well. If you are looking to buy a house, mortgage lenders will look at your credit history to ensure it isn’t too risky […]
Ways to Consolidate Credit Card Debt
Credit cards are an incredible convenience. They help people make purchases in emergency situations and allow them to pay the bill later. Being comfortable using a credit card is a necessity if you’re looking to build good credit to buy a house or get a loan in the future. However, credit cards can sometimes be […]
What’s the Difference Between Payday and Installment Loans?
Sometimes we need a bridge to help us get to the next payday. The good news is that there are more options for quick financing than ever before. However, securing financing isn’t a one-size-fits-all type of endeavor. That’s why it’s important to do your homework when it comes to finding out what’s available. Two of […]
Debt Consolidation Vs. Credit Card Refinancing: The Best Option
If you’ve fallen behind on your credit card payments and into debt, it can quickly become what seems like an endless cycle. High-interest payments combined with debt that racks up more every month can seem like a game you can’t win. However – there are some options that can at least give you some small […]
