Know Your Loan Basics
Key Takeaways Four basic components of any type of loan are time, interest rate, loan amount and payment. Young adults tend to have four types of loans: student, auto, credit card and mortgage. A good credit score will give you much better terms on any type of loan—and save you thousands of dollars over your […]
Establishing Strong Credit Hands
Key Takeaways Establishing a good credit history early in life goes a long way to helping you get favorable loan terms. To build your credit, pay your bills on time, stay under the 30 percent utilization rate and establish two credit cards with staggered due dates. Get a free credit report at AnnualCreditReport.com. Make sure […]
3 Millennial Money Myths
Key Takeaways Position yourself as a “corporation of one.” It can be far more valuable and satisfying than simply getting a job. Credit cards and debt are not necessarily bad. You want to establish good credit now and show you can manage debt responsibly. Owning a home is not the American dream if it doesn’t […]