Friday, August 12, 2016

Back-to-school credit guide 2016

 
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More Credit Card News Credit Card Reviews Credit Card Videos Credit Card Statistics




 

 
'New Frugal You by Gary Foreman
Managing your fashion-forward teen's clothing allowance
A clothing allowance is a great way to teach fiscal rsponsibility and keep the family's fashion budget under control.



 
'Opening Credits by Erica Sandberg
Credit check not needed for public school loans
Federal school loans, such as those given after applying for the FAFSA, don't take credit into account. So going back to school already in debt could add up quickly.



 
'To Her Credit by Sally Herigstad 
Pay down debt before adding teen to card
A mom who wants to add a 17-year-old to her account should reconsider: Her daughter doesn't need one and Mom needs to control her own balances first.
College students: Prepare for your credit graduation
If you're starting your last year of college, it's time to take control of your financial well-being like a true adult -- but don't freak out.

Parental support for college students prolongs dependence
College students who get financial support from mom and dad may have trouble leaving the next for good, according to this study.
Rate Report 
Credit Card Rate Report as of 8/12/16

National average 15.18% 
Low interest 11.98%
Business 13.12%
Student 13.42%
Balance Transfer 14.38%
Airline 15.08%
Cash Back 15.32%
Reward 15.29%
Instant approval 18.04%
Bad credit 22.56%
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