If you’re just getting started on your financial journey, one of the most important things you will need to know is how to establish new credit without credit history. This is also called ‘building credit’. However, it helps to understand what credit is, why you need it, and what you can do with it. What […]
Welcome to Part 3 of our powerful series, Credit Cards 101. In parts 1 and 2 of this series you have already learned some important information about how properly managed credit card accounts can be very effective tools to help you build better credit. Of course, while well managed credit card accounts can potentially be great for your credit scores, credit card debt can actually wreak havoc upon your credit scores very quickly. For best results (both financially and from a credit score standpoint) it is important to develop the habit of paying off your credit card balances in full each month.
