Are you interested in learning more about credit scores and where you stand in comparison to other adults throughout the US? If so, let’s delve into some insightful consumer credit score statistics. What Is the Average Credit Score in 2024? According to the most recent data released by FICO (Fair Isaac Corporation), the average FICO
Good credit gives you financial control if you use it in the right way. Your credit score will determine whether you can get a car, home loan, or credit cards. It’s a little more than that too. A strong credit history shows lenders that you are trustworthy and able to pay off debts. Good credit
This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. A personal income statement is a personal financial statement that outlines your income and expenses over a certain period of time, giving you some insight into your financial position. With
A personal financial statement is a document that summarizes an individual’s financial position at a specific moment in time. It typically contains a breakdown of all your assets and liabilities, giving you an insight into your financial position and financial health. Assets are things with economic value that you can turn into cash, such as
Prospective homebuyers should understand the many advantages and disadvantages of making a larger down payment when obtaining a mortgage loan for purchasing a house.
This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. Simply put, a personal balance sheet is a document that keeps track of everything that you possess (assets) and every debt that you owe (liabilities). With this personal financial statement,
The Best Methods to Improve Your Score Without Extra Debt When you’re looking for ways to build your credit, the most prevalent advice you’ll find is to open new credit cards. Opening a new revolving credit line often boosts your credit score but for many people, it can also be a doorway to debt. It’s
The process of building good credit is the same whether you have bad credit, new credit, or are starting from scratch. We can all start learning how to build credit at 18, or even sooner. The difference with bad credit is that you must get rid of negative items on your credit report in addition
This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. As discussed in our article, Dave Ramsey vs. Robert Kiyosaki, not all debt is bad. Debt plays a vital role in the economy. And on a personal level, if you
Does Chase Have a Credit Builder Loan? We looked for credit builder loan options currently being offered by Chase; however, this lender does not offer these types of loan products that consumers use to build credit at this time. TL;DR – If you’re looking for a credit builder loan, we recommend the excellent credit builder loans
