Posts in Financial Education
The Pros and Cons of Secured Credit Cards

What is a secured card anyways? A secured credit card is largely similar to prepaid debit: Both are issued by traditional creditors and require an upfront investment by their users. By depositing funds from a non-credit bank account (or, in prepaid debit's case, cash or check at your bank's branch), you provide the financial institution collateral that eliminates or mitigates their risk. Read on to find out more about this unique type of credit option.

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An Essential Guide to Renters Insurance

Renting can sometimes be considered more of a young person's living strategy - those from early college age into their late 20s - but data from the Pew Research Center makes it clear that things aren't nearly so cut and dried. As of 2016, 43.3 million people referring to themselves as heads of household (which includes single individuals) for U.S. Census Bureau questionnaires said they rented their residences. Percentage-wise, that comes out to 36.6 percent, which is close to the all-time-high 1967 figure of exactly 37 percent. Additionally, renting rates are up among demographic groups traditionally viewed as homeowners, such as middle-aged adults.

All told, renting in America is on a significant upward trajectory.

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Choosing the Best Credit Card For Your Needs

Secured vs. unsecured? How does a credit card differ from debit? Why would I want to take out credit if I already have the finances to cover a purchase? Credit cards may seem simple at first glance, but there’s a lot more that meets the eye when it comes to using them for real. Get the down-low on how to become a responsible credit user, as your credit history can greatly influence your financial options later on in life.

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