Credit Limits Lowered During Covid-19

Because of the coronavirus pandemic, credit card issuers are lowering cardholders' card limits, though if you don't want this, you can reach out to your credit card company and ask them to raise it again. Card companies are raising their standards for borrowers since so many are unemployed at this time. More

Is Life Insurance Important for Young People?

If you’re under forty and in good health, you may be wondering whether you need a life insurance policy. In truth, life insurance acts as an important financial safeguard for everyone – not just as a tool meant for older people. Industry data shows that Millennials, in particular, simply aren’t taking out life insurance policies, even ... More

Taking Out a Student Loan

If you're going to have to apply for federal student loans, there are a few things you need to keep in mind. The first step would be applying for FASFA and then waiting to see if you've been approved. Once you have been, you'll then choose which loans you'd like to take out and get approval through your school's financial aid department. From ... More

How to Find Your Credit Report for Free

One of the most important parts of personal finance is maintaining a positive credit report. Many people don’t think about it unless they’re applying for a loan of some type, but it’s important to check your credit report annually. This is how you’ll know if there have been changes to your credit score and to ensure that all the ... More

Tips for First-Time Credit Card Users

When you get your first credit card, there are a few things you'll want to keep in mind so you can grow your credit score and not end up in a ton of debt. Track your purchases and set a budget. Don't use your full credit limit. Pay each monthly bill in full. Use perks and rewards. Avoid fees. More

Tips for Switching Car Insurance

There are a multitude of competing car insurance companies these days, and each tries to win customers with special deals and opportunities. For this reason, it’s often worth your while to switch companies to cash in on extra savings. However, you want to make sure you switch in the proper way. Here are the tips you need to switch car ... More

Auto Insurance Perks for Safe Drivers

If you show that your auto insurance company that you're a safe driver and that you aren't high risk, then you could see a decrease in your auto insurance rates. The longer you go without getting into a car accident then the longer you'll be able to show that you're someone the auto insurance company can trust. And they'll reward you accord... More

Personal Finance Tip: What to Do if Your Mortgage is Underwater

We all make personal finance mistakes sometimes, and if you owe more on your home than what you could sell it for in the present market, it’s called an “underwater mortgage.” The situation can seem hopeless – pouring money into a property that will not yield a financial benefit, and which could actually damage your finances instead. ... More

How to Get Approved for a Home Loan

For those looking to get a home mortgage loan, here is what you can do. Come with a good or excellent credit score. Use cash for a down payment. Stay at your job for stability. Get rid of any debt. Recognize your budget. Image via Money Crashers. More

How to Pay Less for Health Insurance

Health insurance policies ease the financial burdens associated with healthcare, especially in cases of unexpected illness or injury. As with most types of insurance, they play the role of alleviating stress for policyholders, too. Still, some people choose to forego having a health insurance policy simply due to costs. If you’d like to ... More