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Debt & Credit Tips

Our blog is designed to provide information regarding some of the critical topics those with student loans must be aware of to be able to make educated decisions regarding their future.

An image of a scale weighing the words debt and income against each other

Debt-to-Income Ratio

Your credit score is not the only number you should concern yourself with when it comes to your financial health. Your debt-to-income (DTI) ratio is arguably just as valuable. It compares your monthly debt to your monthly income. Lenders use your DTI to determine whether you can handle additional debt like student loans or a mortgage. Unlike your…

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A couple standing in front of their new home

Getting a Mortgage With Student Loans

Many college graduates with overwhelming student loans think getting a mortgage with student loans is impossible, but this isn’t the case. If your goal for the near future is to buy a house, but you’re weighed down by hefty student loans, you may still be able to take out a mortgage. Here’s everything you need to know about…

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Personal Loans with a Credit Score Less Than 550

From paying off a credit card to buying a house, your credit score determines how much you’ll pay in interest. The lower your credit, the more money you can expect to pay on any credit card or loan. But with the help of a few tips and tricks, a poor credit score—even one less than 550—doesn’t have to…

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A picture of three gift cards

Manufactured Spending: Illegal or Just a Great Spending Hack?

With every bonus, reward, and benefits scheme, you can guarantee that some people will find a way to outsmart it.  Credit card companies offer numerous rewards programs to incentivize spending, so it should come as no surprise that credit cardholders have found a way to rack up rewards by playing within the system, aka manufactured spending. Cardholders can…

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What is a Debt Management Plan?

Debt Management and Consolidation Debt management is a service offered by many companies to help people get out of debt quickly and easily. With a typical debt management plan, your service provider will work with your creditors to reduce monthly payments and interest rates on your debts, as well as avoid penalties. The debt management plan all three…

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A small chalkboard with the words Debt Settlement written on it.

The Dangers and Alternatives to Debt Settlement

If you are deep in debt and don’t see how you can ever climb out of it, you can get desperate. Now suppose you see a TV ad or get mail from a company that promises to reduce your debt to a fraction of what you owe, maybe even make it disappear completely. Tempting? Just remember, if it…

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A man holding a credit card in front of an American flag

Average Credit Card Debt 2018

Credit cards help us reach our goals and accomplish our dreams when used wisely, and as a country, America loves its credit cards. Unfortunately, as the average credit card debt in the United States continues to rise, we face an ever-growing, collective mountain of debt. From tuition to healthcare to handbags, individuals and households take on credit card debt…

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How to Check Your Credit Score and Why It’s Important

Many of us pay no attention at all to our credit scores until the day we want something we can’t have without an acceptable credit score. You might want to buy a car or a house or consolidate a student loan with a private lender. By that point, there isn’t a lot you can do about your score…

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16 Tips & Tricks on How to Budget Your Money The Right Way

Many of us fear the terrible “B” word — budgeting.  So many people fear making a budget that they never learn how to, but there’s no need to fear. Learning how to budget your money is simply learning to create a plan for it.  Every dollar that comes into your life has a job, because your budget allocates…

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What is Considered a Good Credit Score and Why Do You Need One?

A credit score holds a lot of weight when it comes to borrowing money. A good credit score lets you easily take out loans, lease a car, rent an apartment, or even get a job. It can also save you hundreds of dollars. In fact, there is no downside to having a good credit score. But, what is…

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