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It’s financial literacy month, so this post is focused on something all consumers should know: How are credit scores calculated?
Banks and lenders use credit scores to see how reliable consumers (people like you and me) are and to understand the likelihood that they will pay back a loan.
A good credit score = a reliable consumer.
A bad credit score = a risky consumer.
[Read more…] about How Are Credit Scores Calculated: A Beginner’s GuideIs an annual fee credit card worth it? Definitely a question all consumers should ask (or think about) before signing up for a new credit card.
It’s actually a pretty simple question to answer, you just need to do some basic math.
Well… it was basic math until credit card providers started introducing points, miles, bonus offers and other hidden benefits (and fees). It’s not as simple as finding the best cash back offer anymore.
