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Trends and Factors Affecting Generational Financial Trauma
The financial experiences people have early on, whether positive or negative, shape their relationships with money for life. They can affect how people handle paycheck deposits, savings accounts, bills, and credit cards well into adulthood.
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Pre-Qualified vs Pre-Approved Credit Card Offers: What’s The Difference?
Ever visited a credit card website and learned that you could see if you “pre-qualify” for their card simply by entering a few pieces of information? Or received an email or letter informing you that you’re “pre-approved” for a new credit card?
Hard vs Soft Credit Checks: What’s The Difference?
Applying for credit can be a daunting process. From finding the right credit card or auto loan to filling out a mortgage application and waiting for approval, obtaining new credit takes time, careful consideration, and patience. Each time a lender accesses your credit score to make a decision, you run the risk of damaging your creditworthiness.
Cardmember Holiday Trends 2022
We’ve emerged from a few years of social distancing and reduced holiday celebrations, only to be met by talks of a pending recession and financial uncertainty. Credit One Bank polled our cardmembers to get the pulse on their feelings, expectations, and budget plans around this year’s holiday season.
New Year’s Resolutions to Help Reduce Debt
Every year, millions of Americans make lists of things they’d like to change in the upcoming new year. For many, topping the list is better money management. In fact, of those who made New Year’s resolutions in 2019, more than half of them vowed to improve their finances.
How to Reduce Credit Card Debt This Holiday Season
The holidays are right around the corner, and if you’re like many Americans, that means additional expenses for gifts, food and drinks for parties, holiday events, decorations, and more. According to Magnify Money’s 2020 post-holiday debt survey, Americans racked up an average of almost $1,400 in debt during the holidays that year, and close to 90% said they would take longer than a month to pay it off.
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.