Credit and Debit Cards
Lexi Ruh 7
Positive Credit HIstory
- Pay your bills on time and in full.
- Keep your balances well below your credit limits.
Manage Your Money
Mint allows you to set your budgets and see how your spending money. You can manage your money on the go. You can organize all your bills in one place and pay them
Betterment will show you how your actions impact your taxes. They have online tools to help you use every cent of your investment. They provide personalized advice but let you decide whats best for you.
By using Dwolla you can make your payments on time. They connect directly with US banks. They allow you to use their flexible payment features and build them into your applications or operations.
Annual Persentage Rates
APR is a single percentage number that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction. APR is important because it lets you know the general amount of money you are going to owe.
EX: If you purchase an item that costs $260 and you APR is 18%, you plan to pay $50 a month it would take you 6 months to pay it off and you'd pay a total of $272.73
If a borrower is experiencing financial difficulties then they should find a credit counselor or ask someone for help.