Here are 10 things you should know when starting college and some tips on how to achieve them.
Establishing a budget is key, especially when an emergency occurs. In order to manage your budget, you will need to identify both your income and your expenses. It is also important to identify your needs versus your wants during this specific period. For example, this may be a good time to cancel subscriptions like Netflix over the short term.
Filing a tax return could mean you’ll get money back. Here are five things you can do that may help you maximize a tax refund if you’re owed one. Just a reminder, the tax filing deadline is April 15, 2021.
Know Your Dependency Status, If you’re still listed as a dependent on your parents’ tax return, you may not be able to claim those tax breaks.
The easiest way to save? Automatically! It doesn’t matter how much or what you’re saving for, when you make the smart decision to have a portion of your income automatically deposited into a savings account, you have increased your chance for success. You can set up automatic transfers through employers or your financial institution (Bank) to achieve your savings goal.
Credit score is more commonly known as the FICO Score. The FICO Score is the standard credit score in the US. Your FICO Score considers both positive and negative information in your credit report. Late payments will lower your FICO Score, but establishing or re-establishing a good track record of making payments on time will raise your score.
You are not alone; millions of people have trouble with their credit. Before you can determine exactly how to improve your credit, you need to find out why your credit is poor in the first place. We recommend that you obtain copies of your credit reports and scores from all three of the credit reporting agencies to find out exactly what is hurting your credit.
You don’t necessarily need a credit card to build your credit score, but it certainly can help—if you pay your bill off in full each and every month. A solid banking history and paying all of your monthly bills on time will build your credit. You could also become an authorized user on someone else’s credit card (your parents’, for example) and improve your credit that way.
Credit scores range from 300 to 850. Generally, a 680 credit score or above is considered a good credit score, while any score above 750 is considered excellent. But what is generally considered an average credit score? Answering this question may be difficult. Every expert, credit bureau, and loan officer has a different opinion as to where the threshold between good credit and poor credit is.
A credit score is a number representing the “creditworthiness” of a person or the likelihood that he/she/they will pay their debt. Credit scores are linked to your social security number.
A credit score is a number that usually ranges anywhere from 300–850, determined by the three main credit reporting agencies: TransUnion, Experian, and Equifax. It basically represents the risk you present to a creditor as far as being able to pay back loans and credit card balances.
You need to contact your loan servicer. Your loan servicer or lender must provide you with a loan repayment schedule that states when your first payment is due, the number and frequency of payments, and the amount of each payment. This is for both federal and private student loans.
