Everyone 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.

Debt 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.

A basic budget provides you with a plan to implement, should a financial emergency strike and you must limit your spending only to your most basic needs.

During 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.

Credit cards, debit cards and prepaid debit cards can all be used to make purchases.  The best best choice for you depends on your spending goals and what you want to get out of the card.

If you own a credit card, it’s important to know how it works, and one of the perks of having a credit card is consumer protection. For example, you can dispute the charge with your credit card company if you have a billing error or fraudulent charge.

Financial 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. 

When President Joe Biden was elected into office, one of his main promises was to forgive borrowers’ student loans, and now it is beginning. Eligible borrowers can receive up to a $20,000 deduction in their outstanding student loans.

One 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.

Authorized 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.

Financial 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.

For a second straight quarter, the gross domestic product (GDP) of the United States fell, the typical definition of a recession. Due to the rising fears of a recession, companies have reduced their job openings, and there is a possibility some people will be getting laid off in the near future.

If you have decided to attend college, you will likely have to make many significant life choices before graduation. Below are some money management techniques that can help you save money and improve your financial situation.

In a report released by the National Bureau of Economic Research (NBER), it was seen that the GDP level had reduced a second time, which is the usual indicator of a recession. However, despite the data showing a reduction in consumer spending, the NBER has announced they believe the economy is not in a recession.

Attending college is an important milestone. While in college it’s a must to establish a great financial mindset. According to a study by Ohio State University, more than 70 percent of college students reported feeling stressed about their finances.