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Archive for: Credit & Debt

How To Build Credit For The First Time

How do you get a loan or credit card? By showing the bank a good credit history that shows you're responsible paying loans and credit cards on time. Wait, what? How are you supposed to get approved for a loan or credit card if you've never … [Read more...]

5 Hidden Credit Card Fees To Watch Out For

With the quick, easy access credit cards provide to loads of funds, it's easy to lose track of the fact that they are tools designed by banks to get you to pay more than what you bargained for. It starts with the fact that credit card issuers … [Read more...]

Credit Karma: The Best Place For Truly Free Credit Scores Now Offers Full Credit Reports

Anyone who has read Money Under 30 for some time knows that I'm a big fan of Credit Karma -- a site that provides a truly free credit score with no credit card numbers/signups required. This week they announced an exciting update that Credit Karma … [Read more...]

Barclaycard Ring Credit Card Review

When it comes to using credit cards, the advice you should strive to follow is simple: Pay off your balance each and every month. If you do that faithfully, you don't have to worry about what your card's APR and focus instead on earning rewards back … [Read more...]

Q&A: How Do I Build Credit Fast?

A reader asks: I’m trying to get my credit score growing again. I’m in school full-time and work full-time, too. I have just one credit card – a Wells Fargo student card -- that greatly helped my credit score when I first got it. However, in the last … [Read more...]

This Is What Happens If You Don’t Pay Your Student Loans (And Yes: It’s Very, Very Bad)

In June, the Brookings Institute, an organization that studies economic issues, reported some good news: Americans aren’t really being crushed by student loan debt to the degree that the media implies. The average balance of outstanding student loan d … [Read more...]

How Upstart Gives Loans To Young Adults Without Credit Scores

There’s been a lot of attention paid to peer-to-peer lending sites such as Lending Club and Prosper. And it’s true, each one offers a lightning-quick application process, with potential approval coming right on its heels. But other than the sky … [Read more...]

Common Mistakes That Make Student Loans Hard To Handle

The fact that we’re in a student loan crisis is nothing new; in a recent post I reported that as of the end of 2013, the figure had reached $1.08 trillion. Compare that to the total outstanding revolving debt in the U.S. (which includes credit ca … [Read more...]

Quick Look: Student Loan Rates Went Up This Week

Heads up: interest rates for government-backed student loans went up as of July 1, 2014. Here’s a breakdown of the increase. Undergraduate Stafford loans: 3.86 to 4.66 percent. Graduate Stafford loans: 5.41 to 6.21 percent. Plus loans for p … [Read more...]

ReadyForZero: A Money App That Helps You Defeat Debt On Your Own

I enjoy using Mint.com to track my expenses and frequently use its budgeting and goals tool to set up the best debt snowball for paying down my balances. The problem I keep running into, though, is turning my plan into actual payments. Enter … [Read more...]