Establishing Credit
What Is Cancellation of Debt and When To Use Form 1099-CMarch 10, 2022
A cancellation of debt is when a lender relieves an individual from a debt agreement. We'll explain how it works and provide a few debt tax exceptions. Read more.
How Old Do You Have to be to Open a Bank Account?March 1, 2022
The age requirement to open a bank account is 18 years old. Anyone under 18 needs a legal guardian to open a joint account. Read more.
The Difference Between Debit and Credit CardsFebruary 9, 2022
Learn the key differences between debit and credit cards, how they work, and which option is best for your financial needs. Read more.
What is Available Credit and How Does It Differ From Credit Limit?January 12, 2022
Available credit is the difference between your credit limit and balance, affecting credit utilization and your score. Here's how to manage it. Read more.
Statement Balance vs. Current Balance: What’s the Difference?January 7, 2022
Your statement balance reflects your purchases and payments from the last billing cycle, while your current balance is the amount you owe at any given moment. Read more.
What Are the 5 C’s of CreditJuly 29, 2021
Many lenders will consider character, capacity, character, collateral, and conditions when you apply for financing. Read on to learn more about these 5 C’s of credit and why they matter. Read more.
No Credit vs. Bad Credit: Is One Better or Worse?May 15, 2021
With what you've heard about the challenges of having bad credit, you might think it's better to have no credit score at all. That might be oversimplifying things. Read this article to compare each situation. Read more.
Does Checking Your Credit Score Lower It?April 15, 2021
Find out how checking your credit score really affects it. Learn the difference between soft and hard inquiries, and how they impact your score. Read more.
