If you’ve read any of the student-debt success stories circulated in the media lately, you might think the only way to pay down your debt is to give up coffee, your social life and your apartment. “It seems like borrowers are told that they have to live on beans in a shantytown and pay off their debt as quickly as possible,” says Minnesota-based certified financial planner Mark Struthers. “This is not true and may be counterproductive.” It can take some…
My Credit Score Is 600 — Is That Bad? If your credit score is 600, things could be worse. After all, scores start at 300. But things could also be a lot better. Scores lower than 630 are considered poor, so you might be denied for credit cards and loans or pay high interest rates for the ones you do receive. A low credit score signals to lenders that you’re more likely to default on your debts. A little more than 10% of credit…
Our goal with Just the Tips is to help you live your best financial life possible. It should be no surprise that having a better understanding of your income can lead to more sensible financial choices. We believe that using Just the Tips in conjunction with other tools and resources can be a powerful way to stay informed, maximize your financial health, and truly improve your life! Identifying these financial tools will be a primary goal for us in 2017, and…