According to a recent report from the Corporation for Enterprise Development (CFED), 56 percent of consumers have subprime credit scores. Having bad credit means they are unable to take advantage of the best interest rates if they need or want to borrow money. The very best rates and terms are reserved for people who have … Read more
Many people think that because they are living from paycheck to paycheck, they are too poor to save money for a rainy day. If all of your money is spent before you receive your paycheck, thinking about the future seems less important than concerns about your daily needs. Fortunately, there are many methods you can … Read more
Around $5 trillion of Americans’ cash is currently held in money market accounts, representing almost half of all bank deposits in the U.S. These accounts are often offered alongside conventional savings accounts, leading many to question which one is better for parking their savings. The answer depends on several factors. Money market accounts are basically … Read more
According to a report posted on the FICO blog, the national average FICO score has reached its highest level of the past decade. This means that people are getting better at managing their finances and limiting damage to their credit score. If your credit score is lower than you’d like it to be, there are … Read more