dakdan’s Post

Key takeaways Empower Finance, best known as a cash-advance app, is buying credit card issuer Petal. Petal touted its credit cards as a solution for those with less-than-stellar credit but came under fire last year when it downgraded some customers to annual-fee cards. Cardholders can wait and see if an influx of money improves benefits or apply for a new card before changes come. Empower

Key takeaways Empower Finance, best known as a cash-advance app, is buying credit card issuer Petal. Petal touted its credit cards as a solution for those with less-than-stellar credit but came under fire last year when it downgraded some customers to annual-fee cards. Cardholders can wait and see if an influx of money improves benefits or apply for a new card before changes come. Empower

Key takeaways Empower Finance, best known as a cash-advance app, is buying credit card issuer Petal. Petal touted its credit cards as a solution for those with less-than-stellar credit but came under fire last year when it downgraded some customers to annual-fee cards. Cardholders can wait and see if an influx of money improves benefits or apply for a new card before changes come. Empower

💳 Looking to Build Credit? Here Are Affordable Apps to Get You Started! 📱 Building credit doesn’t have to be expensive or complicated. Here are a few apps that make it easier and more affordable to improve your credit score: 1. Self – Build credit by taking out a small loan and repaying it over time. Payments are reported to all 3 major credit bureaus. Plans start at just $25/month. 2. CreditStrong – Another credit-building loan service that helps you establish a positive payment history. You can cancel anytime without hurting your score! 3. Kikoff – Offers a credit line for just $5/month to help build your score with minimal costs. No interest or fees! 4. SeedFi – Provides a “Credit Builder” plan where a portion of each payment goes into savings, building your credit and your savings at the same time. 5. Experian Boost – This free app helps by counting your utility and streaming service payments toward your credit score. Affordable tools like these make building your credit score more accessible than ever! Start small, stay consistent, and watch your score rise. 💼 #CreditBuilding #FinancialSuccess #RootsToRiches #UNC_Kay #FinancialLiteracy #WealthBuilding #CreditRepair

There has been a boom of credit-building apps over the last few years. It seems like every #fintech wants to add credit-building to their product. But do these apps really work? What about the good old-fashioned way of building your credit history? I share my thoughts with help from John Ulzheimer in my latest for Forbes. #credit #creditscore https://lnkd.in/gbE5N8Jk

Cash App has reshaped the way my family interacts with money. My kids are empowered to send, save, spend, borrow, and invest with ease. Check out our whitepaper on WHY Cash App exists.