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Nerd Blog!

A cartoon image of a man and woman wearing glasses. They are holding magnifying glasses in their hands. They are debunking common credit myths.

Credit myths have a way of lingering in the minds of many, often leading people down the wrong financial path. In this comprehensive blog post, we'll tackle ten common credit myths and set the record straight. Let's debunk these misconceptions to provide you with accurate information and empower you to make informed decisions about your …

An image of a cartoon style college age boy wearing glasses. He is sitting at his desk with a laptop in his lap. He is wondering how he can save as a college student.

In the whirlwind of college life, cultivating a robust savings habit might not be your top priority, but it's a valuable skill that can set you on the path to financial security. Learn how to make the most of your college years by saving wisely and making every dollar count. Choosing the Right Savings Account …

An image of a cartoon style man wearing glasses. He is concerned about the red flags about working with certain credit repair companies.

Working with a credit repair company can be a valuable step towards improving your credit score and financial health. However, not all credit repair companies are created equal. To protect consumers from fraudulent practices, the Credit Repair Organizations Act (CROA) was established. In this article, we will highlight red flags to watch out for when …

A cartoon style image of a girl wearing glasses. She is wondering how she can pay off her high-interest credit cards.

Dealing with high-interest credit card debt can be a challenging and frustrating experience. However, with the right strategies and a proactive approach, you can regain control of your finances and work towards becoming debt-free. In this article, we will explore 13 comprehensive ways to pay off high-interest credit cards, providing you with a roadmap to …

A cartoon image of a man wearing glasses. He is holding a piece of paper that says refinancing on it.

Refinancing is the process of replacing an existing loan with a new one, often to secure improved terms such as lower interest rates or shorter loan durations. Whether it's an auto loan for lower monthly payments or reducing your mortgage interest rate, it's essential to grasp the concept. What Is Refinancing? Refinancing involves obtaining a …

A cartoon image of a man with glasses. He is holding a pencil to his face looking slightly confused. In his other hand he has a piece of paper that says credit report at the top.

Understanding how credit scores are calculated is essential for managing your financial health and securing loans, mortgages, and lines of credit. These scores are derived from multiple elements in your credit report, encompassing payment history, credit history duration, types of credit used, and negative marks. To navigate this process successfully, let's delve deeper into the …

An image of a cartoon style man holding a calendar. He is worried about late payments and how they affect his score.

Late payments can wreak havoc on your financial standing, affecting your credit score and future borrowing opportunities. In this comprehensive guide, we'll delve into the far-reaching consequences of late payments and equip you with a robust toolkit for recovering from their adverse effects. Understanding the Impact Late payments occur when you fail to meet the …

An image of a cartoon style group of people wearing glasses. They are educated on the statute of limitations for debt collection.

Are you losing sleep over mounting debt? Understanding the statute of limitations on debt collection could offer relief by providing a legal deadline for debt collection activities. Let's delve into proactive measures to avoid credit declines and navigate the complexities of debt management. Navigating the Statute of Limitations on Debt Collection: The statute of limitations …

An image of a cartoon style man wearing glasses. In his hands is a clipboard. He is ready to learn how he could avoid getting declined.

Securing credit approval is essential for various financial endeavors. Let's explore proactive measures to avoid credit declines and maintain a healthy credit profile. Understanding Credit Declines: Credit declines occur when lenders determine that an applicant poses too much risk for extending credit. This can stem from factors such as insufficient income, high debt levels, or …