Credit still matters as we age. Here’s how you can help parents or other older adults check in on theirs.
Conversations about money often require sensitivity and patience, especially when the person across the table is an older parent.
If their score is lower than they had hoped, develop a plan together for elevating it. Paying loan balances on time and usingof available credit can lift scores. Older parents with limited credit can open a secured credit card to help them build a credit history.In 2023, data compromises impacted more than 350 million Americans, according to the Identity Theft Resource Center.
Identity theft victims can remove fraudulent debt and information from their credit report by submitting the following to the credit bureaus:, but it’s not always easy. Kishel’s advice: Freeze your credit to prevent fraud or theft from happening in the first place. When your credit is frozen, it becomes inaccessible to fraudsters who may want to open lines of credit in your name. For maximum protection, freeze your credit report with all three credit bureaus.
It can be difficult to distinguish the primary or the authorized user on a credit card. Parents could be joint owners, or one could be the primary owner and the other an authorized user. Call the issuer of the card if you’re not sure.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gartner, Inc. bonds receive 'Buy' rating, stable credit score at Gimme CreditGartner, Inc. bonds receive 'Buy' rating, stable credit score at Gimme Credit
Read more »
The Rising Cost of Credit Card DebtCredit card debt is one of the most expensive forms of debt due to high interest charges. Over the past 10 years, credit card interest rates have increased from 12.9% in 2013 to 22.8% in 2023. People tend to get into credit card debt for practical reasons, but it can be difficult to break the cycle. Here are two strategies to consider for getting out of credit card debt.
Read more »
Fitch Revises China's Sovereign Credit Rating Outlook to NegativeRatings agency Fitch has revised its outlook on China's sovereign credit rating to negative, citing risks to public finances and uncertainty in the country's shift to new growth models. Fitch forecasts a rise in the general government deficit and a slowdown in economic growth.
Read more »
Mississippi’s credit outlook lowered from stable to negative over weak economics, tax cuts, retirement systemA downgrade in credit ratings can cost taxpayers millions when the state refinances debt or borrows money.
Read more »
Do I qualify for credit card debt forgiveness if my debts are in collections?Credit card debt forgiveness services can help reduce your balances, but do you qualify with debts in collections?
Read more »
Travis County officials credit moderate eclipse traffic to planning and cloudsThe cloudy weather did cause some people to change their plans for the eclipse. But the moderate traffic could also have been a result of months-long preparation for the event, Travis County officials said.
Read more »