Borrowing to finance education costs can be a great bet in the long run. In fact, most studies show that a college degree does, in fact, pay off handsomely over the course of a career compared to the cost of tuition. But your student loan balance will affect your credit in the meantime. Here are […]

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Whether you’re just starting out after college, are a busy young professional or an adult well into your career, your credit score is critically important to your life. It’s more than just a number, it’s a scorecard you’re judged by for many things. It determines how much you’ll pay for car insurance, your cell phone […]

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We talked the other day about credit scores, how they are calculated and how student loans impact your FICO score. How you use your credit cards is a significant part of your credit score, but increasingly, many people are eschewing credit cards and relying on debit cards. This can be driven by many factors. First, […]

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Subprime lending is defined as “making loans to people who may have difficulty maintaining the repayment schedule.” Although not a hard and fast rule, those with FICO scores of 640 and less are typically the targets of subprime loans. This type of lending is also hallmarked by borrowers that can’t borrow elsewhere – much as […]

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When you’re first in college, this may be one of the few times in your life that lenders throw money at you. You can easily access tens of thousands, even hundreds of thousands of dollars in student loans. Your campus mailbox will be stuffed with credit card offers and if you’re not careful, you can […]

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The list of ways in which student debt can and often does pose a hardship for borrowers is pretty exhaustive. So it’s important be aware of the ways in which your student loans can be used to improve your life. There are quite a few ways that student debt can work to your advantage; one […]

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