Credit RiotContributor,
New York, New York
The choice between a credit union and a traditional bank can trigger a tough internal debate. But don’t worry, because we’ve put together a list of benefits for both, in an effort to help you end the great credit union vs bank debate after all. Benefits of a Credit Union Member-Owned: Credit unions are member-owned, […]
When it comes to buying a car, the decision between buying a new or used car can be a tough dilemma. While the allure of a shiny new car is tempting, there are compelling reasons to consider the benefits of buying a high-quality used car over a new one. Understanding Initial Depreciation Initial depreciation is […]
You want to get a new car but new cars are expensive. What if I told you that buying a new car without going into debt is possible by simply changing a few of your daily habits. Would you do it? Let’s say you want a new 2023 Toyota Prius which costs $27,500. But you […]
Managing multiple debts can be overwhelming, especially when each one comes with its own interest rate and payment schedule. In such situations, a debt consolidation loan may seem like a viable solution. But, there are drawbacks. Let’s Explore the Benefits and Drawbacks of a Debt Consolidation Loan Benefits: Streamlined Finances One of the significant advantages […]
A credit card can be a valuable budgeting tool when it comes to tracking expenses and managing money. Let’s explore how credit cards can help you gain better control over your money. Tracking Expenses Credit cards provide detailed monthly statements, giving you a comprehensive breakdown of transactions for effortless expense monitoring. This insightful overview allows […]
If you’re carrying a balance on your credit card, the interest rate can significantly impact your financial and likely your mental well-being. However, there are actionable steps you can take to secure a lower interest rate and potentially save a substantial amount of money. 7 Steps to a Lower Interest Rate Understand Your Current Rate […]
Managing a home mortgage is a huge responsibility. Yet, the prospect of reducing your mortgage interest rate might seem intimidating. Fear not, for there are actionable strategies available to help you achieve the goal of getting a lower mortgage rate, potentially leading to a substantial savings over the course of your loan. These 7 Strategies […]
Want a credit card? Want to know how to apply for one? It’s easier than you think! Just follow these steps and you’ll have your card in no time. 1st: Choose your card. Find a card that fits your needs and goals. 2nd: Get your documents ready. A drivers license or ID, proof of income […]