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.
You come home one day and find a letter asking you to pay your recently deceased spouse’s $400 credit card bill. Soon after, you start receiving collection calls. What should you do? Are you responsible for paying the bill?
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.
Life is short. Yet credit experts say you should devote some of your precious time to checking your credit reports for errors.
You want to raise your credit score so you can get lower credit card interest rates, easier credit, even better job prospects? You need to understand “credit utilization.” It’s a simple ratio of how much credit you have versus how much you use, and it can make up to 20-30% of your credit score.
You probably know that student debt is a trillion dollar problem, but it doesn’t have to be a problem for you. The key is to borrow only what you can afford and pay it back fast and cheap. Here are Jean Chatzky’s favorite tips.