A good credit score can unlock many possibilities in your life, making it easier for you to secure a loan, rent an apartment, or start a business. However, according to a recent survey conducted by LendEDU, about 25 percent of millennials do not know what a credit score is. A total of 500 people aged 17 to 37 participated in the poll, which tested their credit score knowledge.
Have you got a plan for how you’re going to pay off your student loan debt? If not, it’s probably something that you should start thinking about. It’s not going to go away if you ignore it, so it makes sense to confront it in one way or another. When the sum is so big, it can be pretty daunting, but don’t let that scare you too much. There are always ways to whittle down and eventually pay it off.
Your credit score might just be a few numbers on a screen, but it can determine a surprising amount of factors in your life. For example, did you know the following can – and do – check your credit score?
If you’ve got a lot of money saved up and want to do something with it, investing is a good idea. By using it to purchase certain goods, you can play the markets and make money out of money, which is something that everyone wants! However, playing with markets often comes with risks, and you have to know which markets are the safest in order to not lose your hard earned cash, so carry on reading if you want to know the best 3 places to invest your money!
Many of us are all too familiar with the weight of credit card debt. American families owe an average of $9,600 on their credit cards, which equates to around 17 percent of the average U.S. household income. Considering today’s steep interest rates and the growing number of Americans with poor credit, we can expect to see this debt grow by thousands each year.