11 Essential Things to Consider Before Taking Out a Personal Loan

Taking out a personal loan can be a lifesaver for many. With that being said, it does have both pros and cons. Your unique financial situation will ultimately determine whether this is the right move for you. In this article, we offer 11 critical points to think through before you make your decision. Here are 11 things to think about before you take out a personal loan 1. Why…
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Fico Credit Score vs. VantageScore: The Differences You Need To Know

The FICO score and VantageScore are two different scoring models.  These models are used by lenders to determine both risk and creditworthiness.  Both companies have developed systems that calculate credit scores that represent the risk of default on a loan. Both the FICO score and VantageScore (3.0) use  the same scoring range of 300-850.  The difference is that they evaluate the information in your credit report differently.  Let's now get…
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10 Tips For Building An Emergency Fund

Having an emergency fund is an essential part of being financially healthy.  With that being said, it can seem like a huge task when the recommended 6 months of expenses is what you are expected to save from your paycheck.  It does not have to be though. Below are 10 tips for for finding money to save for an emergency fund 1. Start by saving small Even though finding the…
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11 Money Management Tips for Teens

[Image via Pixabay] When it comes to teenagers and money management, limiting spending is often the first thing that comes to mind. Parents try hard to help their teenagers grow beyond by teaching them about personal finance and money management; however, it's no easy task. Savings, compound interest, different types of accounts, credit cards — these are all complex topics that require time and dedication to integrate into your life.…
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