Democrats Vs. Republicans: Who Has Better Credit?

We all know the political stereotype – Republicans are supposedly the party of the wealthy, and Democrats are the party of the less economically advantaged (outside of Hollywood). How does this stereotype hold up with respect to credit scores and outstanding credit card balances? A recent study by LendingTree provides some answers. Using the definition…
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How To Choose A Credit Counselor

If you are having trouble with understanding and managing your credit, perhaps you would benefit from the expertise of a credit counselor. Credit counselors can help you in a number of ways, from basic financial education and budgeting to debt management. Many communities have free or reduced cost services available at credit unions, religious and…
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Most Lower-Income Americans Not Saving For Retirement

It should not come as a surprise that people with lower incomes have lower levels of retirement savings. However, many people with lower incomes have no retirement savings at all – and a recent Federal Reserve report suggests that far too many Americans across all age groups fall into that category. The Federal Reserve’s Report…
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Prevent The Bank From Canceling Your Credit Card

Why should you hang on to a credit card that you don’t use very often? MoneyTips will give you two very good reasons: it serves a suitable source of emergency credit if needed, and it raises your credit score by keeping your credit utilization low. Your credit utilization is the total amount of your credit…
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More Than 1/3 Of Americans Can’t Afford A $100 Medical Bill

More Than 1/3 of Americans Can’t Afford a $100 Medical Bill It’s bad enough when your day is derailed by an unexpected trip to the doctor, but it’s even worse when you can’t afford to pay the bill. Unfortunately, too many Americans find themselves in this position, according to a recent survey conducted by Ipsos…
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