Opportunity cost is the potential gain that you could achieve by doing one thing over another. Let’s consider the following about a $50,000 automobile that you plan on purchasing: You have $50,000 in cash that you won’t need access to for at least 7 years You’re offered an automobile loan…
If you apply for a credit card, for example, and are declined, you can contact the credit card company and ask that they provide a recon or reconsideration of your application decision. During a recon, the credit card company reviews your application and determines if they can and will approve…
The massive debt wipeout concludes an almost five-year-long investigation into complaints against the servicer. Navient will be required to pay $1.85 billion, which includes: $1.7 billion in student loan cancelation $95 million in restitution $47.4 million in fees paid to the states and the District of Columbia Among the accusations…
Your credit card issuer sets your payment due date, but you can normally ask for the due date to be changed. Your credit card payment must always be due on the same day each month. For that reason, most credit card issuers will not allow payment due dates that fall…
Although automatic re-enrollment is offered, you may be missing out on better-fitting plans if you don’t review the available plans and select one that’s right for you. In fact, if you didn’t enroll in or update your Marketplace health insurance for 2022 coverage by December 15, 2021, you may have…
The credit score that you will need to obtain credit will depend on a number of factors, including the type of credit that you’re seeking, and most importantly, the individual lender’s criteria. Generally speaking, buying a car requires less scrutiny. Even with low or no established credit scores, a consumer…
Using your credit card to pay your federal or private student loan can earn you credit card rewards or sign-up bonuses. You can also extend your payment time by utilizing your credit card’s grace period. But, there are things to consider before making student loan payments with your credit card.…