Does Closing a Credit Card Account Help My Credit Score?
One question we often hear is, “If I close a credit card, will that help improve my credit score?” This can be good credit management, if you don’t want to have as many credit cards. Closing an account can also help people …
CCOA Client Given National Award
One of our clients was named the national recipient of the National Foundation for Credit Counseling (NFCC) Brighter Financial Future award recently in Washington, D.C.! Our Executive Director, Mary Catherine Harcourt, was there to introduce and congratulate Jennifer Bryant on the honor. …
Dealing With Skyrocketing Credit Card Interest Rates
At the end of last year, the average household credit card debt was almost $10,000. Additionally, Forbes says the current average credit card interest rate is 24.59%. That is the average rate, not the default rate. That’s outrageous! For anyone carrying credit …
Enjoy a Vacation Without Breaking the Bank
The average U.S. vacation cost this year – including travel, food and lodging – for two people, will cost just over $3,800 per week. Not everyone can afford a week-long $3,800 vacation, or even a $1,800 vacation. Here are some tips to …
Financially Surviving a Recession
For many Americans, this economy has gone from bad to worse. Most economists say we are not in one yet, but expect a recession to hit within a year. What can you do to prepare to financially survive a recession if and …
3 Common Ways People Can Easily Waste Money
3 Formas Habituales de Despilfarrar Dinero People can be very careful with their money, but there are a few very common ways that people easily waste it. Here are three of the most common: 1. Not having a budget. One of the …
Look at the Big Picture on Spending
Benjamin Franklin said, “Beware of little expenses. A small leak will sink a great ship.” That’s still very relevant today. How much do you spend on lunches, dinners out, and entertainment? The average person tends to focus on big, expensive purchases and …
Achieving Your Financial Goals
Creating goals is essential for us to achieve financial success. Merely drifting along without any intentional focus won’t get us as far. What goals have you created for your money, credit or debt this year? A goal without a plan is just …
The 2 Best Things You Can Do to Improve Your Credit Score
“How can I improve my credit score?” is something that we hear very often. We could write pages and pages of information on this topic. But these are perhaps the two best things you can do to improve your score: #1 Pay …
Are Deferred Interest Offers a Good Deal?
According to WalletHub, around 40% of the major retailers offering 0% financing use a potentially dangerous feature called deferred interest, which has the potential to make holiday purchases up to 27.5 times more expensive than expected. Let’s say you buy a $2,000 …
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