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Posts about Credit (4)

a man looking over his finances

The Pros and Cons of Paying Off a 0% Interest Loan Early

By: Holly Love 02.20.20 3 minute read Credit

Sometimes, we get lucky and are offered a 0% interest rate promo for a specific term. This rate is frequently seen with auto loans, mattress stores, furniture stores, and for credit card promotions. For these big-ticket items, paying no interest could mean a massive savings on each payment. For loans that have an interest rate above 0%, paying them off early (provided there are no pre-payment fees) is a no-brainer: you’re saving money on interest payments and contributing more to the principal each month.

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woman calculating her debt

Is Debt Consolidation Right for Me?

By: Holly Love 01.16.20 2 minute read Savings & Budgeting Credit

Credit cards are a valuable tool for building credit, making large purchases, or earning rewards. Still, a tool this powerful must be used carefully to prevent avoidable or unmanageable amounts of debt. If you ever find yourself in deeper than expected, don’t worry – there are several ways to tackle credit card debt, one way being debt consolidation. If your debt is spread across multiple credit cards with varying rates, that debt could potentially be consolidated on one new, lower rate card.

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A couple looking at a rewards card while outside under holiday lights

Looking for a great rewards card? Read this first.

By: American Heritage 12.05.19 3 minute read Product Spotlight Credit

Think about everything you buy each month. Now, imagine if each dollar you spent helped you earn something you really want – like an awesome vacation, designer handbag, or more money in your pocket. In addition to the convenience and security they provide, debit and credit cards may let you earn valuable rewards like these. But there are some important facts you should know in order to choose the card that’s best for you.

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Closeup of a pile of gold credit cards

A Crash Course in Credit Cards

By: Holly Love 10.31.19 5 minute read Credit

With so many types of credit cards on the market, it’s more important than ever to find the right card for you. Since credit card features are fairly easy to compare and contrast in a grid format, it should be easy to figure out what the best card is, right? But, as it turns out, there is no such thing as the “best” card for all credit card users. What determines the best card for you is the type of spender you are, how often you pay off your balances, and how you like to be rewarded.

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A young woman holds her cell phone and credit card

How Young Adults Can Build Credit

By: American Heritage 10.03.19 4 minute read Credit

Becoming an adult opens up a world of new opportunities, as well as new financial responsibilities. As a young adult, and throughout your life, having easy access to affordable credit may be key to achieving big goals (like buying a car or first home) and having quick access to money in emergencies. Young adults understand the importance that credit will play in their lives. But one question we often hear is: How do I build my credit in the first place?

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A smiling young man hands a waiter his credit card at a restaurant.

New to Credit Cards? Learn How to Use Them Responsibly and Avoid Debt

By: American Heritage 08.01.19 3 minute read Credit

If you just got your first credit card, or soon will, you have probably heard that credit card debt is a major risk to avoid. While that is true, you shouldn’t be afraid to properly use your credit card. The fact is that like most tools, credit cards can be helpful when used responsibly and can lead to problems when used irresponsibly.

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A frustrated woman looks at banking paperwork

Help: I’ve Been Denied for a Loan!

By: Holly Love 07.26.19 5 minute read Credit

If you’ve been declined for a loan, don’t worry—you’re not alone. The average American household has an estimated $20,221 in carried credit card balances according to a 2023 Nerdwallet study, so it’s no surprise that many of us need help with large expenses. Unfortunately, some loans get declined. If you’ve recently applied for a loan and didn’t get the answer you were hoping for, your best tool is education.

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A person looks at their credit score on a phone app

9 Ways to Improve Your Credit Score

By: American Heritage 06.18.19 2 minute read Credit

You’ve seen the commercials explaining how important it is to check your ever-fluctuating credit score. You’ve investigated, learned your score, but now what? Knowing your score is the first step to having good credit, but having a good score takes further steps.

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A woman shopping at a clothing store

Debit Cards vs. Cash

By: American Heritage 12.09.18 2 minute read Credit

When you check out at the store, there are usually lots of ways to pay: debit, credit, cash, or even check. For most people, paying by check is too much hassle, and paying by credit card will add to your monthly bill. That leaves cash and your debit card. So, which is right for you?

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