In a world where a college degree is more important, and expensive, than ever, America’s student debt continues to balloon. Total U.S. student debt reached an all-time high of $1.31 trillion last year, the 18th consecutive annual increase in a row. Continue reading “Student Debt in America: The Baby Elephant in the Room”
With a variety of rewards programs and upgraded terms aimed at capturing new users amid a broader shift to a cashless society, you may be asking yourself whether now is a good time to apply for a credit card. What you may not realize, however, is the impact this would have on your credit score.
Generally speaking, opening up a new credit card should only have a minimal adverse impact on your credit score up front. With time, though, being approved for a new card can actually boost your score and increase your credit worthiness!
Let’s take a closer look at what the more immediate negative impacts are first. Continue reading “Credit Card Soup – Should You Be Applying?”