Self-Help Articles Archives - American Credit Foundation

Self-Help Articles

Charge-Off FAQs

If your credit is in good standing and you don’t fall behind on your debt payments, you might never encounter the term “charge-off.” But if you fell behind on payments for a credit account, your lender might contact you to inform you that your debt has...

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Good vs Bad Debt

Not all debt is created equal. In fact, some debt can make you more financially stable, while other types of debt can sink you further into a financial hole. If you’re looking to get your financial life in order, you must understand the difference between...

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Creating a Budget Using an App

Are you constantly wondering where all your money is going? You are not alone if you try to budget but seem to fall off the wagon most months. According to a recent study, over 55% of Americans do not track where they spend their money. Creating...

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How to Avoid Predatory Lenders

When looking for a loan, many borrowers opt for the fastest and easiest way to get their hands on the cash. But that approach might make you prey to predatory lenders. What are predatory lenders, you ask? More importantly, how do you avoid them? What Are...

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Financial Tips for Recent Graduates

Have you recently graduated from college? Congratulations on your huge accomplishment! No doubt you’ve received countless tips for venturing out into “the real world” – but here are some specific pointers we’ve compiled to ensure your financial future. Whether you have a job lined up or...

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What Is Your Financial Personality?

Have you ever wondered why some people are so good at budgeting and managing their finances, while others can’t seem to make ends meet, no matter how much money they earn?  Surprisingly, the way we think about money – along with our past financial experiences –...

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Explaining Secured Credit Cards

When most people think of a credit card, they imagine a card that allows them to charge things now by taking out a temporary “loan” from the credit card issuer and paying it back later. These are known as unsecured credit cards. But they aren’t...

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Credit Card Pitfalls to Avoid

We’ve said it before, and we’ll say it again: Credit cards can be powerful and useful tools in your financial repertoire – but only if you know how to use them responsibly. Otherwise, overindulging on credit card spending can send you into a tailspin of...

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Avoid These 6 Credit Card Debt Traps

Credit cards are useful tools – if used correctly. Unfortunately, it’s all too easy to find yourself in debt after only using your card for a short time. Why do people so quickly fall into credit card debt? Let’s talk about 6 of the most...

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There’s More Than One Type of Credit Card

If you have more than one credit card, you hopefully reviewed your options before choosing the one(s) that best fit your lifestyle. But you might not have considered just how many different types of credit cards are on the market today. Let’s consider the basics of...

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