Americans have become accustomed to a subscription lifestyle, with a whopping 92% of younger demographics actively subscribed to various services. According to a West Monroe Partners study West Monroe Partners, this convenience comes at a cost, with the average consumer unknowingly spending a significant $273 monthly on subscriptions. This figure is even higher than initial […] The post Stop Wasting Money on Subscriptions: Here’s How to Cancel Subscriptions You Forgot About appeared first on Credit Absolute ..read more

Accumulating a significant balance on a high-APR credit card can be frustrating, to say the least. A significant portion of your monthly payment goes to interest, and you only see a slow chip away at your debt. In this case, a balance transfer may be a good idea. Many lenders and credit companies offer products […] The post Is it Smart to Use Balance Transfers to Pay Off Credit Cards? appeared first on Credit Absolute ..read more

Understanding Your Credit Score If you’re trying to perfect your credit score, it’s important first to understand what makes up your credit report and credit score. Your credit score is determined by an advanced algorithm developed by FICO and pulls the data from your credit report to determine your score. When calculating your credit score, […] The post Increasing Your Credit Score & Improving Your Credit appeared first on Credit Absolute ..read more

The weight of student loan debt in the United States has reached a staggering $1.7 trillion, impacting millions of borrowers. This financial burden can hinder homeownership, career choices, and economic security. The question of canceling student loans entirely has become a central debate in American politics and personal finance. While complete cancellation isn’t currently possible […] The post Is it Possible to Cancel Student Loans? appeared first on Credit Absolute ..read more

Many Americans struggle with paying their federal taxes. Even though you know you must pay taxes every year, you have found it impossible. People may complain about student loans, credit cards, and rent or mortgage payments, but their tax debt can be just as much of a headache. Bankruptcy has helped many people who have […] The post Can You Include Tax Debt in a Bankruptcy? appeared first on Credit Absolute ..read more

A low-income salary can create challenges when it comes to reaching your financial goals. You may want to take a vacation, buy a new car, or just put some cash away for a rainy day, but how can you do that with a limited income? Although you may struggle to add to your savings, there […] The post Increasing Your Savings on a Low-Income Salary appeared first on Credit Absolute ..read more

Mortgage rates have constantly been on the rise in recent times. This is a result of changes (specifically increases) in levels of economic growth and inflation. This poses direct and indirect implications on the general state of credit approval. Generally, mortgage rates and credit approval have an indirect and inverse relationship. To elaborate, here is […] The post Rising Mortgage Rates Affecting Credit Approval appeared first on Credit Absolute ..read more

In recent months, inflation has received a lot of attention. As a consumer, you’ve probably felt the pinch in your wallet. Many things have become more expensive. Aside from the cost of things, inflation has caused many people to be concerned about their credit. However, it is vital to note that while inflation has no […] The post Understanding How Inflation Can Hurt Your Credit Indirectly appeared first on Credit Absolute ..read more

When you start saving for retirement, you may have a lot of questions. As you search for the answers to the unknown, the one thing you may want to know is how much money you’ll need to live comfortably during this phase of your life. Although it is suggested that every year people save between […] The post Determining How Much to Save for Retirement appeared first on Credit Absolute ..read more

If you have an idea for a new business or a plan for expanding your existing business, your ability to achieve your goals could depend on your ability to receive financing. A transparent understanding of small business loan requirements can better prepare you for the types of questions a bank might ask and the things […] The post What Criteria is Required for a Business Loan appeared first on Credit Absolute ..read more