Financial News Features

Lenders, like credit card companies and banks, use credit scores to assess possible risks associated with lending out money to consumers. The goal is to reduce losses due to bad debt by evaluating your score, which can be determined by several factors, like paying your bills on time. Keeping your credit utilization low is another smart strategy toward increasing your score.

Financial goals can sometimes be at odds with one another, especially when faced with the dilemma of whether to prioritize debt repayment or savings. The reasoning to opt for one over the other, or even maintain a balance between the two is determined by the financial situation. Learn more from the experts on why each is crucial for your financial security so you can make the best decision for your case.

Resolving Debt is not a one-size-fits-all approach. There are different types of debt such as student loans, taxes, mortgage, and credit cards. Fortunately, there are debt forgiveness options available - these may not work for everyone's situation, but it's always best to understand your choices.

There's no right or wrong answer as to when a parent should cut off their children financially - compiled are a few questions to ask that may provide a resolution. Instead of asking when to "cut the cord" try to determine how. How should funds be given out to kids and do they understand the value of money?

Establishing a strong credit history after you graduate from college can be tricky, especially if you have little on which to build. If you have a student loan account in good standing or have your own credit card with no missed payments, you’re off to a great start. There are numerous ways to build credit, whether you start from scratch or with a brief history of payments. The best strategy depends on your post-graduation plans — whether you aim to get a full-time job, a string of freelance gigs or travel the world for a year.

Running a business is a complex process and with so many types of businesses and industry services, it can be difficult to know which area within a company is wasting hard earned money. The Forbes Finance Council has enlisted its 14 members to highlight where businesses might be wasting funds.