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The College Student Guide: How to Not Overspend

While it might sound dramatic, admitting you have a problem with spending money is the first step to stopping and taking control of your own finances. As a college student there are various opportunities to spend money when you might not necessarily have it (or it could have been spent elsewhere). Going Out Nights out at the bar, concerts, eating out to avoid the cafeteria food, the list goes on, but as fun as these activities can be, looking at your [...]

Your Personal Health is Dependent on Your Financial Health

Media experts constantly discuss how the trend of increased levels of personal debt are negatively affecting financial well being of the country. But few talk about how bad debt hurts someone on a personal level: it hits not only your finances but also your home and your health.   Unfortunately, we often gloss over the mental toll of having a growing debt, especially when it is offset by the gratification of using your credit card to purchase something nice. But Credit [...]

The True Cost of Credit Card Debt

Kyra thought she’d never get into trouble with her credit cards again, after she’d finally managed to control her spending habits. But when her business fell apart, she found herself facing the same problems again. Balance transfers seemed like the perfect way to ride out the storm. But the debt kept rising and her income could not keep up. The money juggling act finally crashed when the balance transfer offers stopped. With nowhere else to turn, Kyra found herself [...]

How Credit Can Affect My Interest Rates

Your credit score is the primary factor in determining the interest rates creditors will charge you. Your credit score, good or bad, reflects your credit history. So the higher your credit score, the less of a risk you pose to the lender. If you have a low credit score, creditors will charge higher interest rates, along with fees and deposits, to compensate for the risk of you potentially defaulting on the loan or missing payments. The Pain of Higher Credit [...]

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