Nowadays, new credit cards are popping up left and right. Paypal, Venmo, Apple, and more all have their own credit cards now, which come with different fine prints and APRs. Navigating these different options can be confusing, and some common questions we receive are: How do you know which provider to trust? How do you […]
Credit Cards 101: Understanding APRs and Potential Risk Read More »
2020 has changed the way many people think about money. There was less opportunity to spend “fun” money on activities like restaurants, movies, sports games, and more. On top of that, many people also struggled to pay their mandatory bills such as rent, mortgage payments, food, utilities, and others. In fact, nearly 14% of Americans
Budgeting 101: What You NEED to Know Read More »
Back in July of 2020, TrueConnect completed a survey that consisted of 698 HR professionals. Just under 60% of those surveyed stated that they have struggled financially more than usual this year. The top three reasons for this were: Unplanned expenses A spouse/partner lost work The person surveyed lost work or suffered a pay cut
Why Consumers’ Credit Scores Are Hurting Due to Covid-19 Read More »
Put simply, credit risk is the risk a lender takes when they loan money to a borrower. Makes sense. You wouldn’t let someone you don’t know borrow your car or stay overnight in your home without vetting them first. However, evaluating credit risk of a borrower can come with a lot of gray areas
Credit Risk: What Is It and Do Employees Have It? Read More »
Recent changes to the FICO score, the most widely used credit score in the world, are likely to affect the score of millions of consumers, and even their ability to access a loan in the upcoming year. Why should you care about the new changes? Your credit score builds your credibility with lenders, and therefore
How The New Changes to FICO Can Impact Your Financial Future Read More »
Debt consolidation provides a means for rolling multiple debts with high interest, such as credit cards, into a single payment. When done correctly, it can be a good way to reduce your total debt and help you pay it off quicker. What is an Unsecured Loan? An unsecured loan, sometimes called a personal loan, or
Should You Consolidate Debt with an Unsecured Loan? Read More »
Financial difficulties can be a huge stressor for employees during the holiday period, especially when they have added expenses such as travel, buying gifts, and keeping the pantry stocked with food. As an employer, there are ways you can help mitigate financial stress, at no cost to your company. The first step is to help
Helping Your Employees Mitigate Holiday Financial Stress Read More »
Have you been carrying a balance on your credit card because you think it’ll boost your score? Or have you delayed marrying the love of your life because you’re worried their credit score will drag yours down? The good news is you can pay off that card and marry your sweetheart because neither of those
Debunking 11 Common Credit Score Myths Read More »
A surprising amount of people are unaware of the credit scoring system, let alone their own credit rating. But when they try to get credit to purchase a home or car, their credit score – or lack thereof – suddenly becomes a huge issue. What is a Credit Score? In short, your credit score shows
How Does Your Credit Score Affect Your Life? Read More »
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