In today's competitive job market, your credit score can play a surprising role in your employment opportunities. While it's well known that credit scores affect your ability to get loans and credit cards, fewer people realize that some employers also use credit reports in their hiring process. Understanding the connection between credit scores and employment …

Credit inquiries play a significant role in your financial health. They occur whenever a request is made to review your credit report, and they can influence your credit score in various ways. Understanding the impact of credit inquiries on your score is essential for effective credit management. In this guide, we'll explore the differences between …

Juneteenth: A Reflection on Financial Liberation and Equality As we commemorate Juneteenth, the day marking the emancipation of the last enslaved African Americans in the United States on June 19, 1865, it’s crucial to explore its significance beyond its historical context. While Juneteenth is a celebration of freedom and resilience, it’s also an opportunity to …

Buying a car is an exhilarating experience, but sometimes, the excitement quickly fades. You might find yourself questioning your decision and wondering, can you return a car you just bought? Generally, the answer is no, but there are specific situations where returning a car might be possible. Understanding these scenarios and knowing your options can …

Credit cards provide a convenient way to manage expenses, whether you're covering daily purchases, emergencies, or significant expenditures. However, understanding how interest charges accumulate is crucial, especially when you don’t pay off your entire balance each month. In this post, we’ll explore how interest on credit card balances works and why carrying a balance can …

A grace period allows you to avoid interest or fees on borrowed money for a specified time. Grace periods differ by lender and loan type, but understanding them can save you money. Here’s what you need to know about periods. How Does a Grace Period Work? Lenders often provide grace periods, although they are not …

Life is full of unexpected twists and turns. While some events bring joy and celebration, others can lead to significant financial stress. Major life events such as divorce or medical issues can have profound impacts on your credit score. Understanding how these events affect your credit and learning strategies to manage your credit during these …

11 Signs Your Credit Card Has Been Hacked Credit card fraud is prevalent. In 2023, it was the most common type of identity theft, according to the Federal Trade Commission (FTC). With so much information stored and transmitted digitally, your credit card information can be hacked and used without your card ever leaving your wallet. …

As we celebrate Memorial Day, we take time to honor and remember the brave men and women who have made the ultimate sacrifice for our country. At Credit Nerds, we understand that the best way to honor their legacy is by supporting the veterans and families who continue to serve our nation in countless ways. …