3 Common Credit Myths That Could Damage Your Score

Financial misinformation is rampant, and it could be hurting your credit score. A new NerdWallet survey finds that Americans hold many misconceptions about their credit, some of which could seriously damage their scores. Here are three common credit score myths and how to guard against them. Myth 1. Leaving a balance on your credit card is good … Continued

5 Steps to Strengthen Your Finances in 2022

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. 2021 was a year of financial strain for many Americans: Household debt and the overall cost of living increased, while median household income decreased, according to NerdWallet’s annual household debt study. … Continued

5 Options for Your Money Before Student Loan Payments Resume

5 Options for Your Money Before Student Loan Payments Resume This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. The Biden administration has extended the federal student loan payment pause a final time, meaning borrowers won’t owe money or … Continued

5 Pandemic Credit Card Habits to Carry Forward

The coronavirus pandemic’s impact on consumer finances has led many Americans to rethink their money habits. For example, according to NerdWallet’s annual Consumer Credit Card Report, 19% of credit cardholders say card issuers cut their credit limits during the pandemic — and almost all of those people (93%) say their financial views or strategies changed because … Continued

How to Make Debt Less Costly When You Need It in a Crisis

The coronavirus pandemic that upended the U.S. economy has resulted in widespread job and income losses and added to the debt load for millions of Americans. More than 2 in 5 U.S. adults (42%) report that their household financial situation has worsened since the pandemic’s onset, according to NerdWallet’s annual household debt study, while just 14% … Continued

Your Credit History Opens Doors — Here’s How to Build It

Around 1 in 8 Americans (13%) say they don’t have any credit history, according to a new NerdWallet survey. They provided a variety of reasons: Some haven’t even thought about building credit, others want to do it but can’t gain traction and some are in the middle. Building credit is wise for just about everyone, but … Continued

5 Simple Ways to Get Out of Credit Card Debt Faster

Almost half of Americans who have credit cards (47%) don’t pay off their balance in full each month, according to a new NerdWallet survey. And over the past five years, carrying a balance has gotten significantly more expensive, with the average credit card interest rate rising 35% since 2014, from 12.74% to 17.14%. Even with the … Continued

5 Back-to-College Lessons on Building Credit

Hey, college students: Summer is almost over, and before you’re busy cramming for exams, you should spend a few minutes studying up on your credit. You might be just getting started with your first card, but review these five tips and you’ll reap the benefits well after graduation day. 1. Five major factors affect your … Continued