Tag: credit

5 Reasons Car Loans Are A Bad Deal

5 Reasons Car Loans Are A Bad Deal

For most of the country outside of a few major metropolitan areas, cars are the primary mode of transportation. The car we choose and how we pay for it, however, can make a world of difference financially. According to the Federal Reserve Bank of New York, 107 million Americans had car loan debt in 2017. That’s about 43% of the…

Learn more

The #1 Killer of Wealth in America

The #1 Killer of Wealth in America

It’s not a surprise to hear stories these days about the middle-class shrinking. A big part of that trend has to do with the lack of sustained wage growth for decades. Families were essentially standing still financially while the tide of inflation continued to rise. The tide came in and many families are underwater. However, stagnant wages and inflation are not the full story…

Learn more

Credit Cards – To Use or Not To Use

Credit Cards – To Use or Not To Use

Credit cards have dramatically changed consumers’ saving and spending habits. It would not be an exaggeration to say that credit cards have impacted personal finance as much as cell phones have impacted personal communication. Whether you are pro or anti-credit card, the impact of credit cards is indisputable, but it is important to understand common myths, as well as the…

Learn more