NEW YORK - Cash is king with young people, but it is not helping them build a credit history or boost their credit scores.
By contrast, college students and those who never finished a degree used credit cards much less frequently and had lower credit scores. Among students, just 20 percent boasted excellent credit while the non-completers had just 8 percent, according to the survey. Although debit cards can have credit card functions, they do not get reported to the credit bureaus and, therefore, have no impact on your credit score, said Amy Thomann, head of consumer credit education at TransUnion, one of the three main credit reporting bureaus.Many of the young people in Sallie Mae’s survey did not have a credit card because they thought they would not qualify, but most probably would.
“It might not have great terms, so keep your expectations low, but if you have income, chances are you’ll be able to find a card,” Schulz said.Most credit cards also come with cash back or travel rewards, which you can pick depending on your preference.
You’ve got to be kidding me. Maybe if some Boomers hadn’t committed banking and mortgage fraud that nearly crashed the global economy a decade ago the Millennials would be in better shape now.
stop
Adulting is way overrated.
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REIT Vici Properties to acquire Jack Cincinnati Casino for about $745 million in cashReal estate investment trust Vici Properties Inc. said Friday it has entered an agreement to acquire the Jack Cincinnati Casino in downtown Cincinnati, Ohio, for about $745 million in cash. Under the terms of the deal, Vici will acquire 100% of the interest of a unit of the casino that owns the land and real estate for $558 million, while a subsidiary of Hard Rock International will acquire the operating assets for $187 million. Vici will then enter a long-term leasing agreement with Hard Rock with an initial total annual rent of $42.75 million and an initial term of 15 years. Hard Rock owns a platform of 245 hospitality venues across 75 countries. Jack Cincinnati Casino has 100,000 square feet of gaming space with about 1,800 gaming machines and 100 table games, along with 33,000 square feet of meeting rooms and six restaurants. The deal is expected to close in late 2019. Vici shares were not yet active premarket, but have gained 20.6% in the last 12 months, while the S&P 500 has gained 8.1%.
Source: MarketWatch - 🏆 3. / 97 Read more »
If you want to claim this tax credit, you must come clean to the IRS firstSneaking cash payments to your nanny not only violates the law, it also can keep you from claiming the child and dependent care tax credit. Here's how to clean up your tax situation. What happened to simplifying unconstitutional taxes?SCAM erica gets dumber by the minute.Taxes are VOLUNTARY. Amazing how BRAINWASHED SCAM erica is. Libertarian needs to be elected POTUS. realDonaldTrump w/his pathetic taxcuts did nothing but help CRIMINALS off WALLSTREET So what about all the businesses that only take cash 💰 and there millions of them. There’s already a credit, called the child care credit. In order to receive it, you must report person or business and their SSN or EIN. People aren’t going to report the care for the credit because it’s a fraction of the savings their getting by hiring under the table.
Source: CNBC - 🏆 12. / 72 Read more »