Tag Archive for: credit cards

Don’t Pay Off Credit Cards, Please! 3 Things The Fed Looks At

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The Fed looks at three things when deciding to cut rates: Inflation. CPI came in cooler than expected today, despite tariffs, so that bodes well for rate cuts. Note: many people on X insist tariffs are deflationary because they destroy/reduce demand. Labor Market. Powell believes the labor market is holding strong but many analysts believe it is getting much weaker, as per this post by Danielle DiMartino Booth How Much They Dislike The President. 😊 This factor does not bode well for rate cuts.Read More

How To Establish Credit For Your Kids

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Parents cannot buy a property for their college kids with “owner-occupied” financing unless their kids are on the loan too. But, the kids need to have established credit if they’re going to be on the loan. So, that is just one excellent reason to establish credit for your kids when they are in or right out of high school.Read More

Don’t Close Out Credit Accounts or Trade Lines – Hurts Scores

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Even a borrower with a $600,000 income can face a low credit score if they close out credit accounts. Learn how keeping accounts open can help maintain a higher score and improve your chances of getting the credit you need.Read More

Do Not Close Out Credit Cards; Just Pay Them Down

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Closing credit cards can lower your credit score and impact mortgage qualification. Instead, pay them down to zero and keep them open for better financial standing.Read More