A quick money tip from Lynnette Khalfani-Cox, The Money Coach®
If you’ve recently paid off a credit card, you might be tempted to close the account. But don’t! Canceling credit cards can often backfire on you, by causing your credit scores to decline.
By Lynnette Khalfani-Cox, The Money Coach®
If you’ve ever had big medical bills that you couldn’t immediately pay, you know how troubling and stressful that situation can be. Even worse: for many years, past due healthcare bills could wind up on your credit report if a doctor’s office, clinic or other medical facility reported your bill to a collection agency.
It’s easy to accumulate debt without realizing it. If you’re paying high interest rates on your credit cards or loans, consider these options to pay off your debt faster.
Find ways to free up cash in your budget, work to increase your income and look into different ways to pay down your balance. 
Meet the Money Coach
Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, television and radio personality, and the author of numerous books, including the New York Times best-seller “Zero Debt: The Ultimate Guide to Financial Freedom.” Lynnette once had $100,000 in credit card debt, but she paid it all off in three years and turned her financial life around. SchoolsFirst FCU is pleased to partner with her to provide financial education and advice exclusively for our Members. Continue reading
It’s next to impossible to go through life without accruing some debt. The good news is that some loans can be healthy and even productive, which means there’s no rush to pay them off. Other debts should be erased more quickly. Here are a few examples of debt that can help — and hurt — your financial health.
Do you know the warning signs for carrying too much debt? If you’ve gotten off track with your credit card usage, or want to ensure your borrowing habits stay in good shape, here are some tips to help you manage your money wisely.
This article is reprinted courtesy of NerdWallet.
If you crave the convenience of credit cards but worry about getting in over your head, a secured credit card may provide an unexpected solution. While they’ve developed a reputation as an option only for those who need to build or repair credit, secured credit cards offer some unique wider benefits worthy of a second look.
