Category: credit
-
What Credit Score Do You Need for a Balance Transfer Card?
Understanding Balance Transfer Credit Cards If you have a large balance on a high-interest credit card, a balance transfer card with a 0% introductory interest rate can help you save money as you pay down what you owe. These cards are typically marketed to consumers with good to exceptional credit, which the FICO credit score…
-
Man, 24, cosigned $40K loan for friend with no credit — then friend vanished
The Risks of Cosigning a Loan for a Friend A 24-year-old man cosigned a $40,000 small business loan for his best friend of ten years. The friend needed a cosigner because he had no established credit history. The money was used to open a car detailing business that closed within eight months. Shortly after, the…