You get the envelope in the mail and it’s hard not to open it right away. After all, the offer from the bank has “0% interest preapproved credit card” printed all over it. After all, you are paying really high interest rates on that one credit card you have. Should you transfer your balance and save money? ...Continue Reading →
Do you shop at the dollar store? If you’re like most Americans, you love an occasional trip to the store where everything is $1, 99 cents, or even less! Here are some interesting facts about the big business of the stores with such small prices:
There are actually three models for dollar stores:
Dollar Tree is a ...Continue Reading →
How do rich people get rich? You may think that they’re born into wealthy families and inherit their money (the vast majority of them don’t), they’re privy to some secret skills or knowledge that the rest of us aren’t, or their fortunes turn on sheer luck. But none of that is accurate, as the rich people achieve success – including financial abundance – as a ...Continue Reading →
According to new data from the American Psychological Association and other studies, money is the leading cause of stress for Americans.
In fact, 76 percent of Americans report that financial worries stress them out the most, above even work (70 percent), angst about the economy (65 percent), family responsibilities (47 percent) and personal health concerns (46 percent).
1 in ...Continue Reading →
The news is filled with pressing threats these days, both domestic and internationally. But while the average person may dismiss it, cyber attacks may be the biggest threat to our safety and way of life.
In fact, the recent ransomware attack has infected tens of thousands of computers in nearly 100 countries so far. Ransomware is ...Continue Reading →
Or, just plain dumb.
Those are some words the average person may use to describe the way professional athletes when it comes to their financial management – or mismanagement. After all, with such vast fortunes thrown at their feet just to play a game, how is it even possible that they squander tens or even hundreds of millions of dollars?
Some of that is probably true. Ok, some of that is definitely true, too often. But there ...Continue Reading →
At Blue Water Credit, we focus on educating our clients so they’re empowered to make good financial decisions that save them a lot of money. Today, we thought we’d bring you some valuable information in a different form – covering credit, debt and financial facts from 1 all the way to $15 trillion!
1 You may lose your one and only chance at buying your dream ...Continue Reading →
The average person will get 13 out of these 20 questions correct for a 65% score. Can you do better?
True or False:
1. Pulling your own credit report will hurt your score.
2. When different vendors pull your credit score as you “shop around” for a loan, it will always hurt your credit score.
3. There is only one version of your credit score.
4. According to federal law, employers are not allowed to check an applicant’s credit report when hiring.
5. Everyone is assigned a ...Continue Reading →
Credit repair organizations provide a valuable service to consumers, helping to increase credit scores by holding credit bureaus, banks, debt collectors, and lenders accountable for reporting accurate information. However, like with any financial service, it’s important for consumers to know their rights and make sure the credit repair company they hire is following all laws and regulations.
So what’s the most important thing to look for ...Continue Reading →
If you’ve been toiling with a low credit score due to a tax lien, civil judgment, or similar negative item being reported, you’re in store for some good news coming very soon. Starting this summer, millions of Americans will be getting a credit score boost even if they haven’t paid down debt or don’t anything else to ...Continue Reading →