Author: C.M. Lenard

Passive and active investing are two different ways of managing a portfolio. Passively investing involves less trading and more saving, often in form of index funds or other mutual funds, whereas actively investing includes more frequent buying and selling. By simply tracking a popular index, like the S&P 500, passive investors can earn the market […]

A Roth IRA offers many advantages for retirement saving, like allowing you to grow your savings without having to pay any taxes and helping you plan for a secure future. In this article we’ we’ll discuss the various advantages of investing in a Roth IRA, including its tax-free growth, versatility, and penalty-free access to funds. […]

Credit bureaus play a crucial role in determining credit scores. In the US, Equifax, Experian, and TransUnion are the three main credit reporting agencies. These companies use collected consumer credit data to generate credit reports, which are used as the foundation for credit scores. Knowing how credit bureaus work and the data they collect is […]

What is a Tax Lien and How Does it Affect My Credit Score? When taxes are not paid, the government can place a lien on a property or asset as payment. Different types of taxes that can be paid include income and property taxes. Tax liens can have a major impact on individuals and businesses, […]

The New York Federal Reserve reported that U.S. consumer debt, including home loans, car loans, credit cards, and college loans, peaked at the all-time high of $16.51 trillion during the third quarter of 2022. Americans have been motivated to come up with solutions for managing their growing credit card balances after a 2.2 percent increase […]

Buying a house is a major financial commitment for most people. As it’s usually impossible to pay for it outright, most people have to get a mortgage loan to finance the purchase. If you have poor credit and a high income, it can be difficult to get approved for a loan. This can be very […]

An persons credit mix, which includes mortgages, loans, and credit cards, is taken into consideration when calculating their credit score. The amount of impact it has may depend on the credit scoring model used. Different types of credit accounts are beneficial for establishing and maintaining a good credit score. To prove financial responsibility, lenders and […]

Introduction Missing or delaying payments can dramatically lower your credit score by up to 180 points and stay on your report for 7 years, so making on-time payments is essential in keeping a good credit score. Lenders generally only report late payments after 30 days have passed, thus ensuring that your credit score won’t be […]

Can You Improve Your Credit After a Bankruptcy? Deciding to file for bankruptcy can be tough and have a long-term effect on your credit score. It’s essential to understand that this damage is not lasting and will reduce with time. While you wait, there are strategies for increasing your credit score. To start fixing your […]

Introduction The COVID-19 pandemic has had a significant impact on the global economy, leading to widespread job loss, financial hardships, and economic uncertainty. One of the areas that has been affected by the pandemic is credit scores. A credit score is a numerical representation of an individual’s creditworthiness, and it is used to determine their […]