Here’s what happened on Financial Wellness
1. How to Build Credit: Improving Your Financial Records for a Future Loan
One of the trickiest parts of dealing with personal finances is understanding how to build credit.
For most people, it is especially hard since, in order to build a good credit, you need to have a credit card or a loan.
However, to get either of these things, you must first prove you have established credit.
For many, this process seems cyclical and impossible, but it doesn’t have to be.
To stop the frustration and help you build and improve your credit score, here’s what you need to know… Click to read more
2. Will the Parent PLUS Loan Damage Your Credit Score?
A Parent PLUS Loan is undoubtedly one of the best forms of student financial aid available.
However, in addition to being the best, it is also one of the most difficult to secure.
This is due to the credit check involved in the process.
If you are hoping to qualify for a Parent PLUS Loan, here is what you need to know about your credit score and the process… Click to read more
3. Understanding the Difference Between Subsidized and Unsubsidized Loans
Even when you first take out a student loan, you should consider your repayment terms and how they may affect your future.
The key to this process is understanding the difference between subsidized and unsubsidized loans.
From the beginning, it is important to know how federal loans work, including understanding the interest, how much you need to pay, and how to settle the loan.
That way, your debt becomes easier for you to manage long term… Click to read more
What have you learned about credit scores this week? Let us know in the comments below.
