Resource Center - Debt

Choose from the resource categories below to discover and learn more about personal finance across the topics of budgeting, debt, income, insurance, investing, and retirement.

Help Your Child Build a Good Credit Score

Good parents want the best for their children and that includes having a good credit score, when the time is right. It's important that you set a good financial foundation, teaching your child good money management, rather than try to build their credit history for them. It's like doing all their homework for them. When it's time for your child to take the test, they'll fail because they haven't been dong the work themselves. So here's what you can do.... Read More >>>

Will a Credit Card Application Hurt My Credit Score?

Your credit score is a three-digit number that's used by creditors and lenders to approve your applications. When you make a new credit card application, your credit score could be affected.... Read More >>>

Smart Ways for College Students to Use Credit Cards

A recent report by Sallie Mae reveals that the average college student has more than four credit cards with a combined balance of more than $3,000. Some students have as much as $7,000 in credit card debt. Graduating with that much credit card debt can put a damper on your plans for entering the real world, especially if you've missed payments or defaulted.... Read More >>>

College Students are a Credit Card Company's Dream Come True

One in four college students leaves with more than $5,000 in debt, a study shows. One in 10 leaves with over $10,000 in debt.... Read More >>>

The Consequences of Skipping Monthly Payments

Your monthly bills are coming due and you just don’t have the money to pay all of them. If you’re like many people, you make a decision to forgo one or more of the bills, but which one do you skip?... Read More >>>

Seven Good Things About Credit

We all have our fair share of complaints about credit, credit cards, credit card companies, and lenders. More and more, credit seems to become a staple in our society, but it isn't all bad. Yes, even with credit there's a bright side.... Read More >>>

How to Get a Credit Card With No Credit History

People with no credit often have the most difficult time getting approved for the credit card. That’s often because you don’t have a credit score yet and you won’t have one until you have at least one active account on your credit report for six months. Some credit card issuers realize that people have have trouble getting a credit card for the first time and they've made credit cards specifically for people with no credit. Make Sure You Have a Job... Read More >>>

Three Basic Steps to Building Credit

It’s tough to survive today’s economy without credit. Lots of businesses consider your credit history, even those that don’t directly loan money to you. For example, utility service providers look at your credit history because they “loan” a month of utility service to you and require you to pay afterward. Without a good credit history, a utility service provider may require you to pay a high security deposit to establish service.... Read More >>>

Six Financial Habits That Help Build Good Credit

Your credit score is primarily based on how you use credit products like loans and credit cards. But, how you handle your finances in general impacts your credit score, too. If you have a bad money habits, chances are that will be reflected in your credit score.... Read More >>>

Add Positive Credit History to Your Credit Report

A positive credit history is more important than ever. You need to have good credit to get a mortgage, rent an apartment, buy a car, get a good insurance rate, and sometimes even to get a job. More businesses will probably make the argument that they need to check your credit history before doing business with you.... Read More >>>