Tag: credit cards
With roughly 44 million Americans facing student loan debt, you might think that carrying this post-grad debt would be the biggest financial challenge facing millennials today. In actuality, more millennials are facing credit card debt than student loan debt. Of course, paying back student loans is important but so is learning how to budget wisely and capping your credit card spending. New Era Debt Solutions reveals ways millennials can reduce their credit card debt and get a few steps closer to achieving financial freedom.
If we asked you to guess which states have the highest credit card debt, which ones do you think would be at the top of the list? After some research, New Era Debt Solutions found the top ten states that hold the most credit card debt. This week, we reveal the numbers and how you can achieve financial stability even if you live in one of these states.
Trying to understand how your credit score is calculated can be a tough task. A variety of sources claim some factors have a greater influence than others, which can add confusion to understanding the best way to utilize your credit cards. New Era Debt Solutions discusses one of these factors and how it can impact your credit score.
Most credit cards come with perks like cashback, travel rewards, and other types of benefits. When you spend enough money, you get a little something back to reward you for using the card. Sometimes rewards can be tough to achieve and may take some time to accrue.