Category: First time Credit Card

First time Credit Card – MyCreditCard.biz

With this new credit card, you can use your cash back to pay off student loan debt

SoFi[1], the San Francisco-based digital personal finance company, announced today the launch of its first-ever credit card[2], giving SoFi members the opportunity to earn cash back on their purchases to pay off loans, save or invest through the SoFi platform. The all-new SoFi Credit Card[3] rewards cardholders when they use the cash back earned from purchases to improve their financial...

READ MORE With this new credit card, you can use your cash back to pay off student loan debt

Bankruptcy or Debt Consolidation: Which Is Better for You? (Experian)

If your debts are becoming unmanageable, bankruptcy and debt consolidation are two remedies to consider. While debt consolidation is significantly less damaging to your credit, it’s not possible for everyone. If you’re getting overwhelmed with debt, here’s a rundown on which option may be better for you. What Is Bankruptcy? Bankruptcy is a legal process[1], overseen by federal courts, that’s...

READ MORE Bankruptcy or Debt Consolidation: Which Is Better for You? (Experian)

TransUnion: Debt Consolidation Usually Results in Improved Credit Scores and Better Overall Credit Performance

Chicago, Illinois-based TransUnion (NYSE: TRU), a company that provides credit reports and credit scores, released a study on October 30 in which it looked at what happens when consumers take out a personal loan to pay off their credit card debt.[1] The study revealed that most of the consumers who consolidate credit cards are able to pay off most of...

READ MORE TransUnion: Debt Consolidation Usually Results in Improved Credit Scores and Better Overall Credit Performance