Building good credit takes time: the longer you use credit well, the higher your credit score will climb. That said, there are some tricks you can use to build credit from scratch or improve your credit rating more quickly.
Q: What rate of return should a 20- or 30-something use when using a retirement planning calculator? (They are often preset to 6 or 8 percent). And does that include inflation? Depending on the assumptions I use, I get drastically different answers. On the low-end, I’m saving too little and on the high-end, I’m saving […]
Q: I just started my first full-time job (this Monday!) and found your blog doing a search trying to make sense of my 401(k) options. I have been so inspired reading all over your blog since then and learning more about investing and saving for retirement. I have a specific question about one of my […]
When I wrote “The Recession Diaries” column at the Chicago Tribune and later for AOL.com, I loved responding to mail because questions raised by one reader often reflect the dilemmas of many.I recently received this letter from one reader, Nick from Michigan: “I have a question regarding credit card debt and I was hoping to […]
Managing lots of student loans can be overwhelming. Consolidating them might seem like the obvious choice, however you want to be careful. Be sure to know the exact terms of your current loans, including interest rates and any perks they may offer. Also know that federal and private loans often can’t be consolidated together.