Category Archives: Finance
Why Is My Credit Score So Low
When you are checking out at your favorite store, you may be asked if you want a store card. Sometimes this comes with free gifts or a good coupon. Even if you have cash in hand it can be beneficial to do the purchase through the store options for these advantages. You find yourself completing the application with just a simple push of a button and then the ultimate betrayal…you’re not approved. For some reason, maybe one of which you’re not even aware, your credit score is not acceptable enough for the store to take the risk on you. This can be such a stressful event. You will need to get to the bottom of this because this is a number that follows you all throughout your life. It can fluctuate frequently and must be watching. This is important to […]
Fintech Is Changing The Way Young Americans Bank
Finance and technology have always been strong bedfellows. Long before they were known as the twee portmanteau of fintech, tech helped traditional banking systems process transactions and automate functions. Over the years, things changed; its uses evolvedfrom back-end support to include front-facing services. As its role in the financial industry continues to develop, no demographic of individuals is better situated to capitalize on these new services than Millennials. Digital nomads who prefer automatic, app-based banking, Millennials are managing their money online in increasing numbers thanks to fintech. Millennials don’t trust the system There are several factors that make Millennials — especially the youngest of this cohort — ripe for fintech alternatives to traditional banking. Many of them were entering adulthood at a difficult time in US history, and the recession forced them to rethink their futures in every way. Meanwhile, […]
Prices Are On The Rise: Should You Invest In Cryptocurrency Now?
Have an innate sense of distrust for the mainstream banking system? Cryptocurrency could be what you’ve been seeking as a replacement for traditional financial transactions. This is a digital currency created through high-tech encryption techniques called cryptography. While it used to only be a theory, it came to fruition in 2009 with the advent of Bitcoin. The original and most prevalent of this kind of currency, Bitcoin seems to set the standard for how this alternative will fare in the near and distant future. This is still true despite the fact that other cryptocurrencies have emerged and enjoyed some success. As Bitcoin is what everyone looks to for measuring success in this area, the future is tenuous at best. As this Investopedia.com article notes, “Bitcoin sported a market value of over $2 billion at its peak, but a 50% plunge […]