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How U.S. Immigrants Can Build Credit Fast

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Paying Off Credit Card Debt

When moving to the United States, many people assume that the credit history they’ve built in their home country will travel with them to the U.S. This, however, is false and can lead to several problems upon arrival to the country. In order to establish yourself, rent a home or apartment, or finance a car, you will need to build credit as quickly as possible. Getting a U.S. Credit Card Once you’ve moved to the United States, one of the first things to do to get your credit up and running is to apply for a credit card and make payments on time each month. While it has become a bit easier to get a credit line in the U.S., … Read more

A Plan for Taking One Simple Step Now to Get Your Finances in Order

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The following is a guest post by Tony Steuer, an advocate for Financial Preparedness and the author of GET READY!, and the founder of the Get Ready Initiative. If you’d like to contribute a guest post to Money Q&A like this one about getting your finances in order or any other topic, be sure to check out our guest posting guidelines. You’ve resolved to get a handle on your finances in 2020, but will that determination wane by March? With over 80% of people failing to realize their New Year’s resolutions, it’s likely that you’ll become overwhelmed with checklists and budget-tracking within just a matter of months. That’s why I suggest taking one simple action item each month that will … Read more

4 Ways Couples Can Manage Their Finances More Effectively

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No two relationships are identical. After all, each person is unique and everyone has their own personal goals, hangups, priorities, and desires. As such, it’s no surprise that creating a budget for two people is more difficult than one. Pooling funds and compromising isn’t easy, and many couples have struggled to couples manage their finances effectively. This isn’t just a monetary issue either. Money can be a big source of stress and can even cause friction in some relationships. With that in mind, here are four ways couples can couples manage their finances and get a handle on their money to make a fresh start in 2020. Check them out here:  Collaborate In some instances, one person in a relationship … Read more

Smart Ways to Open a Checking Account Despite Your Bad Credit

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Out of all the American households that opted to save in 2017, 23.7 percent chose to open checking accounts. According to a report from the Federal Deposit Insurance Corporation, opening a checking account can be one of the most effective ways to set aside extra money for emergencies and other unexpected expenses. But checking account holders are not immune from finding themselves in financial strife. some release checks with bad credit and insufficient funds while others become too reliant on overdraft facilities. These actions can bar individuals from opening another checking account if they want to look for a new bank. Here are some alternative ways to start saving through a new bank account even if you have bad credit.  Look For … Read more

How to Avoid These Critical Mistakes that Borrowers Make

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At some point in our lives, we tend to borrow money to solve our financial needs. There are many lending institutions that you can transact with when getting a loan depending on your financial needs and help you avoid mistakes. Usually, borrowers find the best terms available from different lenders. Before engaging in a transaction with any lender, you need to know and understand the dos and don’ts in this kind of relationship. However, even with how diverse your choices are, you must be careful about who you deal with. Borrowers who don’t have much experience or even those who had borrowed from lenders a couple of times still tend to fall repeatedly on the same mistakes.  While some of … Read more

Types of Investments and Their Pros and Cons You Need to Know

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You know you need more than a savings account to create wealth, but knowing where to channel your money can get very confusing. Depending on your appetite for risk, you must decide on the types of investments and which options will serve your needs better. But even before we get to wealth creation, it’s wise to know which investment options are available and their cons and pros.  Types of Investments You Need Invest in stocks  Buying stocks is like buying a part of a company. To successfully invest in stocks, never commit your money unless you are sure how you will earn profits. Ask yourself, what does the company manufacture? Do they offer services, and what kind? In which country … Read more