Financial News Features

Your credit score is a three-digit number that lenders use to gauge how responsible you are financially. If you're applying for a loan or line of credit, your score can play a big part in whether you get approved.

The current health measures to prevent the spread of COVID-19 has caused unemployment to skyrocket, highlighting how crucial it is to reduce spending and focus on saving. GOBanking Rates spoke to financial and consumer experts to get their insight on which expenses to trim during the pandemic. and has forced many businesses to close or reduce workers hours.

Relying heavily on credit cards could not come at a worse time for the millions who have lost income or suffered a job loss as a result of shutdowns. It's especially bad for those who may have already been in debt.

A survey of purchasing habits and frequently used payment methods was conducted by FinanceBuzz. Contrary to popular belief the younger generations have not rendered cash and checks obsolete, even as mobile wallet issuers add incentives and rewards with the hope of attracting new users.

There is more than one reason to keep your credit cards open and active. Find out from a selection of experts how a closed card might impact your overall credit and how and when to avoid having it closed.

Finance professionals give their expert opinions in response to Elizabeth Warren's 50/30/20 Spending Rule from her 2005 book "All Your Worth: The Ultimate Lifetime Money Plan." Almost fifteen years later, financial experts delve into whether this rule still applies or how to follow its mission for those carrying debt.