With the stimulus checks that have circulated in the last few years and people staying home more because of the Pandemic, credit card debt shrunk drastically. People were able to pay balances down and even save some money. Unfortunately, it seems that with inflation at the level it is, credit card debt is now at … Read more
At some point in everyone’s life they will be in debt. That debt may be because of a mortgage, auto loan, student loans, or revolving balances. For most of these there is an end in sight as they begin with a specified amount of time to repay the debt. The exception is revolving balances. If … Read more
For a lot of people during these uncertain times our new best friends are Amazon Prime, Grub Hub, Door Dash, and all the delivery drivers, etc. They come to our door two to three times a week bringing up groceries and household needs. In some cases, we may even see these people more often than … Read more
Late payments and revolving balances are the two things that can do the most damage to a credit score. Having a late payment show up on your credit report probably makes sense but can revolving balances really have as much of a negative impact as a late payment? Absolutely. Let’s look at late payments first. … Read more