Tag Archives: credit card debt

Common Credit Card Misconceptions

Common Credit Card Misconceptions

In most cases opening a new single account will improve your credit score. This is just one of the many misconceptions that surround how credit cards work. Here is a look at some more of those misconceptions.

I Pay the Balance in Full, So I Don’t Have Any Debt

The smartest ways to use a credit card is to pay the balance off in full each month so that you don’t have to pay any interest.

This does look like that you aren’t incurring any debt, but – Read more

Your 20s are Vital for your Financial Future

Your 20s are Vital for your Financial Future

Your 20s are the most important time period for your financial life. It is actually able to determine if you are able to retire on time or not, pay off your home and other such things.

So why are your 20s so important? Here’s a look at why your 20s are vital for your financial future.

Compound Interest

Compound interest is where money is able to grow upon itself. It is then an investment income that is able to grow on its own. If you i – Read more