- What do I need to know about student loans?
- How dangerous is debt?
- What should I think about when getting and using a credit card?
The Danger of Debt
Sacrificing Your Future Fun
How Much Good Debt to Take On
Signs You Have Too Much Debt
- You cannot make your minimum credit card payments.
- Your money is gone before your next paycheck.
- Bill collectors are contacting you.
- You are unable to get a loan.
- Your paycheck is being garnished by creditor.
- You are considering a debt consolidation loan with extra fees added.
- Your items are repossessed.
- You do not know your debt or financial situation.
Getting and Using a Credit Card
Benefits of a Credit Card
What Is a Good Credit Score?
|Credit Score Ranges
||This credit score is well below the average score of US consumers and demonstrates to lenders that the borrower may be a risk.
||This credit score is below the average score of US consumers, though many lenders will approve loans with this score.
||This credit score is near or slightly above the average of US consumers, and most lenders consider this a good score.
||This credit score is above the average of US consumers and demonstrates to lenders that the borrower is very dependable.
||This credit score is well above the average score of US consumers and clearly demonstrates to lenders that the borrower is an exceptionally low risk.
Components of a Credit Score and How to Improve Your Credit
How to Use a Credit Card
- Find a Low-Rate Credit Card
- Avoid Cards with Annual Fees or Minimum Usage Requirements
- Keep the Credit Limit Equal to Two Weeks’ Take-Home Pay
- Avoid Rewards Cards