Opening a new credit card can be an exciting prospect. It’s hard to say no to the welcome bonus, special financing deals, and rewards system that could pay off big. However, the honeymoon period doesn’t always last. You might find that the card doesn’t work for your spending or way of life after using it … Read more
Opening a new credit card can be an exciting experience. You probably applied for the card to get rewards, a sign-up bonus, or some other perk. You may have noticed, though, that your credit score went down soon after you got the new card. It can be scary, but it’s normal for your score to … Read more
Buying a house is likely one of the biggest financial decisions you’ll ever make. It requires careful planning and consideration of how your finances may impact your ability to get a mortgage. One key thing to think about is how applying for new credit cards in the months leading up to a home purchase could … Read more
Owing the IRS over $100,000 in back taxes can feel overwhelming and scary. The penalties and interest alone on that large of a tax debt can be massive. And if you don’t address it, the IRS can take serious collection actions like garnishing your wages, seizing your bank accounts, and putting a lien on your … Read more
Getting rid of a car you can no longer afford can be a stressful situation Your vehicle may be your main mode of transportation or even feel like an extension of your identity However, when keeping it is causing serious financial strain, you need to make a change. The good news is, with a bit … Read more
Claiming dependents on your taxes can lead to significant savings, but determining how much a dependent is worth involves navigating some complex IRS rules. This article explains what makes someone a dependent, how much tax credits and deductions dependents qualify you for, and examples of how much a dependent could be worth depending on your … Read more
Does Forbearance Hurt Your Credit? For many of us, there comes a time when we face financial hardship and struggle to keep up with loan payments. Whether due to job loss, medical expenses, or other unforeseen circumstances, missing or delaying payments can negatively impact your credit. During difficult times, forbearance may seem like an attractive … Read more
When someone you care about dies, it can be a very hard and emotional time. Not only are you sad about their death, but you may also have to deal with their money and debts. This includes any credit card debt they had when they passed away. Some people may be wondering who pays off … Read more
Using a credit card to make purchases can feel like magic. You just swipe your card or tap your phone, and you’ve bought something without handing over any physical money. But where does that money actually come from? This article will explain the behind-the-scenes process of credit card transactions and where the funds originate. How … Read more
Student loan debt is a massive burden for millions of Americans, with outstanding balances exceeding $1.7 trillion nationwide. For many borrowers, the prospect of paying off their loans in full seems impossible This leads some to explore whether it’s possible to negotiate a reduced payoff amount as a settlement Can your student loans be reduced … Read more