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Refinancing or consolidating your student loans can save you a lot of money, but only if you do it at the right time, for the right terms.

When (and How) to Try Refinancing or Consolidating Student Loans

Friends, does this sound familiar?: You’re describing the crushing emotional and financial burden of student loan debt, and the grown-up you’re speaking to says something like, “Wow, that sounds really rough, have you thought about *refinancing* and also ma’am this is a Wendy’s??”

And having no idea what the fuck that actually meant, you drove forward to the next window, dabbing at your eyes with the crumpled receipt for your vanilla Frosty, weeping in confusion and sadness and brain freeze?

I knew it. I KNEW it wasn’t just me!

Yes that’s right, my lambs: we’re talking about student loans again. This time we’re discussing your options for refinancing or consolidating student loans.

What the fuck do these mysterious terms even mean? What’s the difference between the two? How do you know if one is right for you—and if it is, how do you actually do it? Be amazed as we reveal the secrets!

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We get many letters from 18 year olds like "I submitted 9 applications and no one will give me a credit card!" Here's the reason for that.

A Hand-Holding Guide to Getting Your First Credit Card

I got my first credit card at age eighteen. I was a high school senior, I’d just been accepted into college, and the world was my goddamn oyster (just slightly less like salty snot). The year was 2005… and getting that shiny little piece of plastic was just about as easy as putting out my hand and asking for it.

Times have changed. We now live in a post-2008 Recession world, and getting your first credit card has become markedly harder. This is probably why we constantly receive questions from eighteen-year-olds like “I’ve submitted nine applications and no one will give me a credit card. What do???”

The Ramseyan debt purists will say “Do without it, you fool!” But we believe a credit card can be an extremely useful weapon in your financial arsenal. Just look at what happened when Kitty and her boyfriend tried to rent an apartment together and couldn’t because he had no credit!

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Podcast Episode 003: "My parents have bad credit. Should I help by co-signing their mortgage?"

Season 1, Episode 3: “My Parents Have Bad Credit. Should I Help by Co-signing Their Mortgage?”



When life stresses me out beyond belief, I find nothing more soothing or rejuvenating than reading about petty dramas I’m not personally involved in.

Neighbors feuding in all caps on Next Door; running blogs dragging the shit out of marathon cheaters; Facebook mommy groups erupting into explosive schisms over international geopolitics. Ahhhh… reading them is like slipping into a warm bath. So juicy! So low-stakes! With so much to fret about in my life, it’s nice to pause and contemplate the completely optional frettings of random other people I will likely never meet.

Which is why I love Reddit! And I’ll occasionally pull random questions that feed the drama-devouring beast within me interest me! Today’s question was found on r/personalfinance, a board where I lurk on the reg for obvious reasons…

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Let's break the Equifax situation down into tiny morsels of suckitude that can be easily digested.

Dashit Just Happened, Equifax?

Because the horrendous disaster of two malicious hurricanes isn’t enough for people to worry about right now, a few weeks ago a storm of a different sort swept through the United States. Like those assholes Harvey and Irma, this one’s going to be an enormous, life-changing financial burden for millions of people. And like the hurricanes, it could take years to repair the damage.

Yes: it’s time we talked about the Equifax breach.

If you follow us on Tumblr, you’ll know we’ve been getting some panicked messages about Equifax recently. So to dispel panic (or encourage it, as the case may be), I want to break the situation down into tiny morsels of suckitude that can be easily digested. Read More

Dafuq Is Credit and How Do You Bend It to Your Will?

We’ve been getting a lot of variations on the same question recently: “How dafuq do I credit?”

How indeed? A lot of our readers are struggling with not only maintaining a good credit score, but with even understanding credit in the first place.

It’s one of the many money terms I have the sneaking suspicion everyone else in my high school class was taught on a day I was absent.

Thus, I’ve been left to figure it out for myself over the years. And what I’ve found is reassuring: credit is not nearly as scary or complicated as you’ve been led to think. But like a pack of trained raptors, it must be treated with care and attention lest it rend you limb from limb.

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If you're confident in your ability not to abuse it, raising your borrowing threshold will give your credit score an instant boost.

How to Instantly Increase Your Credit Score

One of the ways you can improve your credit rating is to lower your credit utilization ratio, that is: the amount you owe compared to the amount you could borrow.

It’s usually better to just pay down the principal, but sometimes that’s not possible. If you’re confident in your ability not to abuse it, raising your borrowing threshold will give your credit score an instant boost.

I’d assumed this was a complicated process requiring some degree of cringing, but it turns out increasing your credit limit is extraordinarily easy. This method was described to me by an educator in my city’s free first-time homebuyer program. I will try to transcribe it exactly as she said it:

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