Credit and debt is part of almost everyone’s financial life and needs to be managed effectively. Avoiding costly mistakes and learning how to borrow wisely will help your financial future. Or if you have made a few mistakes along the way, find out how and how long it may take you to get back on track.
Credit & Debt Calculators
Do I have too much debt?
What would my loan payment be?
How much vehicle can I afford?
Is 0 percent dealer financing a better deal?
How much can I borrow from my home equity?
What is my current net worth?
Will I be able to pay back my student loans?
Your credit score is in many cases the most influential factor in a lender's decision to grant you credit and at what rate. The higher the score, the less you'll pay for the use of someone else's money. Although the most widely used credit model is the FICO (named for the score's developer, Fair Isaac Corporation), there's another score for sale--the VantageScore.
Under the pressure of job insecurity and widespread unemployment, U.S. consumers have actually reduced their collective credit card debt. But total U.S. credit card debt still exceeds $888 billion.
Don't be fooled by online scams claiming to give free credit reports.