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Credit cards can increase your purchasing power, but how many credit cards are too many? There are both pros and cons of having multiple cards.
Continue ReadingThis time of year, summer may be the last thing on your mind. You may be too focused on keeping your New Year’s resolutions—eating healthier, working out, paying down debt—to even think about where you want to go on vacation this summer. But if you know you’ll be hitting the road this summer for some much-needed rest and relaxation, now is a great time to start planning.
Credit card balance transfers are often touted as a low- (or no-) interest way to quickly pay down high-interest credit card debt. And if you have a plan for keeping your spending in check, reducing your expenses, or earning extra money, a balance transfer may be a good option to help you pay down credit card debt.
When a potential creditor looks at your credit reports to help them make a lending decision, it is considered an inquiry. But how they look at it—with a “hard inquiry” or “soft inquiry” (aka “hard pull,” “soft pull”)—could have an effect on your credit score.
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.