Credit and Debt Archives - The Outlier Model

Is NetSpend the Perfect Bank Account Alternative for You?

Tamila McDonald / March 26th, 2018 / No Comments

A lot of people can’t open traditional banking accounts. Issues like bad credit, being listed in the Telecheck system, or problems with overdrafts can all make people ineligible.

Posted in: Credit and Debt Tagged with: bank alternatives

Why You Should Care About Your Credit

Chonce Maddox / September 6th, 2017 / No Comments

There’s this sentiment buzzing around in the personal finance space that you shouldn’t really care about your credit if you truly want to improve your finances. Credit is an interesting concept. It’s the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. Basically, you receive a rating based on your ability...

Avoid Bankruptcy: 5 Ways to Pay Down Debt

Chonce Maddox / August 30th, 2017 / No Comments

Personal bankruptcy can be a serious life-altering events an individual can experience, alongside divorce, severe illness and tragic loss, according to the financial guru Dave Ramsey. Bankruptcy is seen as a last resort, a life raft when the ship is sinking. Essentially it’s something people have to do when the debts become too unbearable to repay. When I was in high school, a close family member...

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5 Tips to Improve Your Credit Score This Year

Chonce Maddox / June 21st, 2017 / 1 Comment

Today, my credit score is almost 800. I opened my first credit card during college and have always made my payments on time. Slowly, I’ve added more credit cards but I’ve always used them responsibly or opted not to use them at all. I also have student loans I’m paying back along with a small personal loan I’m paying on with my husband. That’s it. That is the entirety of...

Posted in: Credit and Debt Tagged with: credit card, credit score, credit tips