7 Ways to Keep Your Divorce from Damaging Your Credit

There’s so much going on during a divorce that it’s easy to overlook things that aren’t problems yet … like your credit score. Getting a divorce doesn’t do anything to your credit by itself, but sometimes the aftermath can damage or destroy your credit. That can affect your finances for years to come, and make it much harder for you to: take out loans (like if you need to buy a car) get lower interest rates on credit cards rent an apartment set up utilities accounts (like electric or cable) get a cell phone contract get a job, or start a…

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7 Ways Credit Card Interest Can Demolish Your Life Savings

7 Ways Credit Card Interest Can Demolish Your Life Savings

What you don’t know about credit card interest can cost you thousands of dollars. If you’re one of the millions of Americans who carries a balance on your cards, you need to know what you’re up against before that credit card debt cripples your finances. Credit card companies charge interest daily. So if your credit card has a 15.00% APR, every day they’ll charge you 0.041096% (15%/365) on your balance. Say your credit card balance is $3,000 – that comes with a $1.23 charge today, which doesn’t sound like much, but it adds up fast because… You’re paying interest on…

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Avoid The PayDay Loan Trap

Avoid the PayDay Loan Trap

Single moms fight constant cash battles, trying to stretch every single dollar almost further than it can go. And sometimes – a lot of times – our cash falls short of what we need. When you are barely scraping by, running out of money between paychecks, the lure of having cash in hand can be hard to resist – and that’s exactly what payday loans offer. Here’s a look at how a payday loan works: The lender charges $15 for every $100 you borrow. You need $200 to get you through until your next payday. He gives you $300 cash…

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