Credit basics

Credit, on the face of things, seems simple. As explained by the Federal Trade Commission, a simple definition of credit would be as follows: People borrow money to make purchases, then pay the lender later. Unfortunately, credit card companies and other lenders...

What is a debt snowball?

There are many different ways to approach paying off credit card debt. Two of the most popular approaches are either the “debt snowball” or the “avalanche” method. It is important to understand the differences between these popular methods to discern which method of...