Do you know how many Americans carry debt? I had to look it up but was unsurprised to learn it was 3 in 4 Americans. If you’re reading this, chances are you’re in that 75% majority who have at least some debt. I know I am, though I make sure to avoid high-interest debt like […]
If you own multiple credit cards because they’re all maxed out and you’re juggling multiple payments, that’s never a good thing. But there are reasons it can be beneficial to own — and use — different types of credit card. Here are few common types of card, and why you might want to own more than one of them. […]
Keeping your credit score healthy is part of keeping your finances on track, and there are several ways you can build and maintain a good credit score. Doing this one thing, when necessary, will really help too. Check if you are eligible for any new credit cards, before you apply. Generally when you apply for […]
There are various widely known ways to boost your credit score, from making loan repayments on time to not exceeding your limit on any credit cards you may have. Most people also know that having a little debt can be good for your score as it allows you to show that you can handle it […]
Building credit is a necessary and challenging part of becoming an adult in the US, and throughout the developed world. We’ve talked before here at Wealthtender about how you shouldn’t use your credit score as an excuse to take on debt, but you have to build it somehow. Here are a few safe and simple […]
The average American has 4 credit cards, with an average balance of around $6,194, according to Experian. That may sound undesirable, but here at Wealthtender, we don’t believe that credit cards are a negative thing per se. In fact there are some great ways to use them (as well as some not-so great ways, of course). […]
There are a few things you need to know before taking out a loan for a car. The automobile industry isn’t just about cars, it’s about car financing, too. Many dealers pocket more profit from providing you with a loan than from selling you a car. Here’s what you need to know to avoid decisions […]
Stop telling yourself you need to take on more debt to “build your credit”. There are better ways to improve your credit score.
Millions of Wells Fargo customers are entitled to receive damage payments for a litany of wrongdoings committed by the institution over the past decade. In its role as a federal watchdog, the Consumer Financial Protection Bureau (CFPB) whacked Wells Fargo with a $3.7 billion penalty in December 2022 — with $2 billion due to consumers. […]