Category: Credit

Are you suddenly on your own or forced to assume greater responsibility for your financial future? Unsure about whether you’re on the right track with your savings and investments? Finding yourself with new responsibilities, such as the care of a child or an aging parent? Facing other life events,...

Answer: As you send your child off to college, you probably have a lot of things on your mind, such as whether your child will eat right and get enough sleep, how to pay tuition, and what to do with that empty bedroom. And although insurance may seem like...

Answer: The federal government offers several income-driven repayment plans for borrowers with federal student loans. Under these plans, a borrower’s monthly student loan payments are calculated based on his or her discretionary income and family size, which are verified and updated each year. Borrowers must qualify for these plans–enrollment...

Answer: To answer this question, you must decide how your money can work best for you. Compare the money you might earn on other investments with the money you would pay on your debt. If you would earn less on investments than you would pay on debts, you should...

Answer: No, you can’t refinance student loans. However, if you have multiple federal student loans, federal consolidation of your loans may make your debt more manageable. To be eligible for federal loan consolidation, you must have at least one federal student loan in grace, repayment, deferment, or default status....

Answer: Start by carefully reading the advertisement or application you’ve seen or received. It may seem like a lot of jargon, but that fine print contains important information about terms and costs. Here are three points to consider when comparing credit card offers: Annual percentage rate (APR): What interest...

It’s difficult to imagine functioning in today’s world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a good credit score, so it’s important to know how...

If you’ve finished college within the last few years, chances are you’re paying off your student loans. What happens with your student loans now that they’ve entered repayment status will have a significant impact–positive or negative–on your credit history and credit score. It’s payback time When you left school,...

No matter how tightly you try to control your spending or how strictly you follow your spending plan, at some point you are likely to wonder how you can cut costs. In order to find out how to cut costs, you first need to find out where and when...

Introduction You’ve been repaying your student loans faithfully for five years but, all of sudden, things have taken a financial turn for the worse. You’ve been laid off from your job, your car needs repairs, and you suddenly find yourself with unexpected medical bills. In short, you are facing...

The miracle of plastic It’s so convenient. Pull out a plastic card and you can purchase a designer suit at that new boutique, dinner at your favorite restaurant, groceries at the supermarket–or all three. Need cash? Use the card at a nearby automated teller machine (ATM) and walk off...

GET LIFE INSURANCE FIRST WHILE YOU ARE YOUNG AND IT IS VERY CHEAP. CLICK FOR FREE TERM LIFE QUOTE: https://www.naaip.org/gfsfinancial/compare-life#    What is credit? When you say you want credit, you are probably asking for payment terms on a purchase. You are seeking to purchase goods or services today...