I came across some interesting (and disturbing) credit card and debt statistics today which were recently collected as a result of case studies and surveys…

1 in 50 American households carry more than $20,000 in credit card debt.
According to the Federal Reserve Bank, 40% of American families spend more than they earn.
Roughly half of all [...]

• 0 Comments

It’s a fact of life in today’s day and age, everyone has a credit card. Sadly, most individuals don’t understand the importance of using a credit card wisely and end up abusing their cards — racking up serious debt as a result.
So what is the best way to use a credit card? My personal rule [...]

• 0 Comments

So, you’ve probably heard the term but do you really know what a FICO score is?
FICO stands for “Fair Isaac Coorporation Company”. It is a software for calculating credit scores and is the considered the standard in the finance industry.
FICO is typically accepted as the best, most accurate way to rate an individual’s credit score. [...]

• 0 Comments

It’s important for everyone in this day and age to understand how credit scores are determined, and exactly how to improve your credit rating.
An individual’s credit score is calculated based on a number of factors, and your rating helps potential lenders decide whether or not you’re a risk. Credit score numbers typically range from 300 [...]

• 0 Comments