How Credit Scores Are Calculated and What You Can Do to Improve Your Credit Rating

Credit report bureaus are intentionally vague about how their credit scores are calculated. Because of this, it is impossible to know exactly how different types of credit activity will have an impact on your credit rating.

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6 Ways to Manage Your Debt No Matter How Much You Owe

Debt is involved in some of the biggest decisions and achievements in our lives. Taking out a mortgage, buying a new car, and using loans to pay for college are common ways people accumulate debt, but they don’t necessarily mean you’re mismanaging your money.

The average American household owes more than $137,000 in debt. If you’re in a similar situation, remember that it’s how you manage that debt that counts. Even with high amounts of debt, smart decisions and the right debt management strategies can minimize the impact of that debt and reduce how much you owe.

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6 Tips to Use Credit to Your Advantage

A strong credit score and access to credit are powerful assets. With credit at your disposal, you can gain access to better financing terms and other money-saving resources just thanks to your status as a trustworthy borrower.

When you manage your credit wisely, you can earn rewards and save on interest—all while continuing to bump up your credit score even more. Here are six ways to maximize the advantages of good credit.

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4 Finance Tips for Entrepreneurs Looking to Get Their Business Off the Ground

The hard work of building a company isn’t always as glamorous as it sounds. Entrepreneurs are faced with a number of tough financial decisions in the early stages of growing a company, especially when it comes to finding funding and building a sustainable business model.

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18 Common Terms to Know to Improve Your Financial Literacy

Money is a topic that tends to make most people uncomfortable. Seventy percent of Americans believe it is rude to talk about money. Even married couples don’t talk about money—43 percent say they don’t know what their partner earns, and 36 percent don’t know how much they have invested between the two of them.

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7 Financing Tips Before You Buy Your First Car

Everyone dreams of the day they get their first car. When you get your license, you can’t wait to ditch the family sedan and have your own wheels. The challenge, of course, is figuring out how to afford a car, either new or used. What are your financial options to achieve automotive freedom?

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Use These 5 Simple Steps to Start Building Credit

Having a great credit score makes life easier.

Not only do those with good credit scores have a better chance of getting approved for mortgages and credit cards, but they also can get favorable car insurance rates.

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Credit Card Advice for First-Time Applicants

There’s a reason why 189 million American adults have a credit card: they can make life a lot easier.

Credit cards offer convenience and flexibility because they’re widely accepted and allow you to make purchases without carrying cash. Credit cards essentially act as short-term loans from the credit card company. If your bill is paid in full and on time each month, you can build credit and avoid going into debt.

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