You open the mailbox and there’s an envelope addressed to you. It’s not a bill (who wants bills???) so you tear open the envelope. Is it a letter from your favorite aunt? Is it a few photographs from a friend’s recent trip? Is it a letter from a secret admirer?
No, it’s a letter from your credit card company and they’re writing to tell you some exciting news: You’ve been approved for a higher credit limit. All you need to do is call them back and tell them that you’re interested in accepting it.
Your first thought is: “Wow, a higher credit limit! Just imagine what I could do with that!!!”
And your second thought is: “Hmmmm… do I NEED a higher credit limit? That just means I could potentially owe more money.”
A higher credit limit on your credit card could be good or it could be bad. If you’re hoping I give you just one answer, sorry; that’s not what you’ll get from me...
If you’re in a new relationship, everything is exciting and new. You’re happily learning things about your new partner – their likes and dislikes. And, you’re sharing things that you want them to know about.
As your relationship deepens, you each tend to share more personal information, trusting the other person to honor your privacy while at the same time getting to know you better.
Somewhere along the way, you may choose to share your credit score with your partner. I know this may not sound glamorous but it is important to have the money talk and with money you should talk CREDIT.
For some people, the idea of sharing their credit score with anyone seems strange. But if you’re in a romantic relationship that seems to be getting serious, it makes perfect sense to talk with...
An important topic that is often overlooked in college is credit; in particular how to build it, why one should build it and how to manage it responsibly. Most college students do not possess adequate money management skills and are often overburdened with large student loans and credit card debts. Learning to avoid these credit pitfalls and establishing a healthy credit history is an important skill that ought to be learned in college.
The following are credit lessons for college students:
This is an absolute must while you are in college as it will help you build your credit history which is crucial for purchasing a vehicle, renting an apartment, or could be helping you with landing your dream job after graduation. How can you responsibly manage your credit card?
Keep your spending low: The best way to avoid big credit card debt is by keeping your expenditures under control. Use your credit card only when you...