Debt and credit
How is a credit union different than a bank?
Banks are in the money-making business. We must make sure that we understand that although they offer valuable services, their goal is to maximize their profits through the fees they charge consumers. One less known alternative to banking are credit…
Credit cards as a financial opportunity not a liability
“Do not buy what you cannot afford” was the best credit management advice that I received from my immigrant parents. They might not have fully understood the fees that came with credit cards; but they knew that borrowing money always…
The true costs of credit cards
Credit cards can be a great resource when used appropriately. However, mismanaging credit cards can lead to a debt spiral that can result from the high interest charged by credit cards. Additionally, credit mismanagement can negatively impact your credit score.…
The role of credit in your financial journey
Understanding the role of credit in your financial journey is one of the key principles of financial literacy. It can make a considerable difference in your financial success. Not understanding the importance of credit could lead to incurring high interest…
How to be in control of your credit score
Your credit score is the number that is used by lenders to evaluate your credit worthiness. To lenders a higher score makes you a lower risk borrower which means you will likely receive lower interest rates. Having a higher score…
