Q: What is the recommended age to get a credit card?
A: Some financial experts recommend getting a credit card when you turn 18 to start responsibly building credit. (CNBC)
FICO score as a measure of financial responsibility: Some people view the FICO score as a measure of their financial responsibility and their ability to manage credit responsibly. Maintaining a good FICO score can be an important goal to demonstrate financial solvency and to obtain better opportunities in the future. (MyFICO)
Q: "What are smart steps to take when buying a house? And What’s the best way to raise your credit score?" -Anonymous Freshman
A: Investing in a house wisely involves several key steps:
1) Start by saving for a down payment
2) Thoroughly researching neighborhoods and property values and
3) Getting pre-approved for a mortgage to understand your budget. (Nerdwallet)
As for boosting your credit score, the best approach is to:
1) Prioritize timely payments
2) Keep credit card balances low relative to your credit limit and
3) Regularly review your credit report to catch and correct any errors. (Nerdwallet)
May
June
2 (Su) | Contest: BINGO Ends
13 (Th) | Last day of classes
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The World's Highest Grossing Tours of 2023 (Statista)
May 9, 2021 | Cutting the Financial Umbilical Cord (How To Money)
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