Payday loans have been around since the early 1930s. However, payday loans have become increasingly popular, especially among Generation Z. But despite their popularity, it’s important to note that payday loans have high-interest rates that could lead borrowers into debt.
by Sha'Kreshia TerrellLandlords perform credit checks to make sure that a rental applicant appears trustworthy and has a solid history of making payments on time. You can take several steps to pass your next rental credit check with flying colors.
by Pam HillThe Buy Now, Pay Later (BNPL) service is a new payment method that has become increasingly popular. Despite BNPL becoming more widespread amongst the younger generation, this program carries significant financial risks if the money isn’t paid back on time.
by Matin VarshochiEveryone should regularly check their credit report. The difference between a soft inquiry and a hard inquiry can significantly impact your score. Here's what you should know about the difference between both.
by Sha'Kreshia TerrellDebt collection agencies are infamous for how terribly they treat people. With some little-known facts, you can get through collections quickly and be much better off.
by Shaun MorganThere are pros and cons to both debit and credit cards. It’s important to understand how to use both cards so that you can have great financial health.
by Sha'Kreshia TerrellDuring the COVID-19 pandemic, many people were laid off from their jobs causing their expenses to become unaffordable. Many people were unable to purchase some necessities and desired products outright, which caused them to turn to the buy now, pay later (BNPL) program.
by Matin VarshochiFinancial statements are often thought of as something that only companies need worry about, but a personal financial statement can help you track your financial health and hone in on trouble spots and opportunities.
by Pam HillOne of the simplest ways to secure financing is through a line of credit. The application process for lines of credit tends to be quicker and less involved than for other types of financing such as business loans, personal loans or mortgages.
by Pam HillAuthorized users, like cosigners, should be carefully considered before adding them to a credit card account. If not, it can be a costly mistake and will likely ruin your credit score.
by Sha'Kreshia TerrellFinancial decisions like purchasing a cell phone or applying to rent an apartment or house will require you to have your credit score in good standing. A low credit score can also allow lenders to charge you a higher upfront cost or pay more money because you aren’t considered creditworthy.
by Matin Varshochi