Choosing a roommate is an act of trust. You trust them to pay their rent on time, clean up after themselves, and respect your space. But there’s a deeper level of trust you might not even realize you’re giving them: trust with your financial future. You might think your finances are separate, but you’re wrong. […]
Warning: Here’s How a Roommate Can Secretly Destroy Your Credit Score While You Sleep Read More »
The divorce is final. You’ve divided the assets, created a custody plan, and are finally ready to move on with your new life. Your divorce decree, a legally binding court order, clearly states that your ex-spouse is responsible for paying the mortgage, the car loan, and the joint credit card debt. You breathe a sigh
The Hidden Divorce Clause That Can Tank Your Credit for Years Read More »
When a close friend or family member is in a tight spot and needs a loan, your first instinct is to help. They ask you to co-sign, assuring you it’s just a formality and they’ll make every payment on time. It feels like a simple act of loyalty, but it’s one of the most financially
6 Co‑signing Moments That Destroy Friendships—and Credit Read More »
Helping a loved one achieve a major life goal, like buying a car or securing their first apartment, feels like the right thing to do. When they can’t get approved for a loan on their own, you might be tempted to step in and co-sign. You trust them completely, and you’re confident they’ll make every
The Unspoken Cost of Co-Signing a Loan (Even If Nothing Goes Wrong) Read More »
Our parents often give us financial advice with the best intentions, hoping to set us up for a successful future. They share the money lessons they learned from their own parents and their life experiences. However, the economic landscape has shifted so dramatically that some of this wisdom is no longer applicable. What once was
9 Financial Habits Passed Down from Parents That Are Financially Damaging Today Read More »
It’s frustrating to face loan denials, especially when you have your sights set on a big purchase, whether it’s a car, a home, or consolidating debt. You’ve filled out the paperwork, met with the lender, and followed all the instructions—only to hear the dreaded words: “We’re sorry, your loan application has been denied.” If you’re
Why You’re Still Being Denied for Loans: 6 Factors You Need to Address Read More »
1. Renting is A Waste of Time While home ownership is the American dream, renting often gets a bad rap. However, the reality check is in—renting can offer financial flexibility, lower utility bills, and a landlord’s responsibility for repairs. With mortgage rates above 6.5%, the so-called “American dream” is unattainable for many and renting is
Beyond Budgeting: 14 Overrated Financial Strategies That Need a Reality Check Read More »
Your credit score is one of the most important factors that determine your financial health. It reflects how well you manage your finances, whether it’s paying bills on time, maintaining low debt-to-credit ratios, or any number of other factors. A credit score of 315 is considered critically low and can seriously impact your ability to
Understanding the Implications of a 315 Credit Score Read More »
Knowing your credit score is important. It impacts your ability to buy things and live your life the way you want. There are various credit ranges, usually characterized by the terms very poor, poor, fair, good and excellent. What about a 637 credit score? Is that a good credit score and what purchases will you
Credit Score Ranges: What Can a 637 Credit Score Get You? Read More »
