How To Jump Start Your Credit

Building your credit is an important part of financial stability. Most people don’t know much about credit scores, though. It takes time and a great deal of patience to build great credit.
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How Credit Can Help You

Having good credit can help you make the most of the money you have. You need a good credit score to qualify for a car loan, mortgage, and credit card. While you may still qualify with a lower score, you may more interest on the money you borrow.
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Helpful Hints for Maintaining Your Credit Score - Boost your Credit Score with a Good Mix of Credit

You can build and sustain good credit with a personal loan or credit card by making every payment on time. Even if your score isn’t great right now, if you keep your balances manageable and keep up with payments, you’ll be well on your way to building a good FICO or credit score.
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Helpful Hints for Maintaining Your Credit Score - How Length of Credit History Affects Your FICO/Credit Score

One often overlooked part of your credit score is the length of your credit history. Most people don’t understand that this is an important part of how FICO determines your credit score.
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Helpful Hints for Maintaining Your Credit Score - Amounts Owed

The total amount you owe across all accounts reported to the credit bureaus is the second most important aspect of your FICO credit score. This is also known as your credit utilization, or the amount of credit you are using vs. the amount of credit you have. Your total debt level determines 30% of your credit score.
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Helpful Hints for Maintaining Your Credit Score - Payment History Tips

Payment history tips Did you know that the most important thing you can do to keep your credit score in good shape is to pay your bills on time? Credit history accounts for 35% of your FICO credit score. Making just one payment more than 30 days late could result in a drop in your score and a negative mark on your credit report that lasts seven years.
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Helpful Hints for Maintaining Your Credit Score

What to do first When you have a good credit score you tend to qualify for better interest rates on loans. These can range from personal loans to mortgages. While there are financial products available for nearly any credit situation, good credit generally saves you money in the amount of fees and interest you may pay over the life of the loan.
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Traditional vs Online Bank

About 7% of households in American don’t have a bank account. That number is falling, but for many people, accessing basic financial services can be difficult. Steep fees, unfriendly service, and minimum balance requirements are just a few of the reasons some people choose not to use banks. Even those that have a bank may be confused about the differences between ...
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Utilizing Your Tax Refund for Retirement

If you feel like you haven’t saved enough for retirement, you aren’t alone. The Economic Policy Institute tracks how much Americans save for retirement, and their findings show that most people aren’t contributing enough to their nest egg to keep them from having to depend on Social Security for income after they stop working full time.
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Entertaining the Family on a Summer Budget

Spring to summer is a fun transition for most people. The warmer weather and bright sun make outdoor activities more appealing. If you look forward to all of the fun and excitement of summer, you probably also have some mixed feelings about how expensive this high activity season gets.
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