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One-Word Answers To Your Money Questions

Banking, Credit Score, IRA, Loans, Personal Finance, Student Loans
With so many websites offering free financial tools, it can be hard to know whom to trust. At NerdWallet, we thoroughly research financial products and companies, and adhere to strict standards of editorial integrity to find you the best choices. We even share how we make money so you can rely on our expert advice and recommendations with clarity and confidence.
Where to Get a Money Order

Financial advice is loaded with fine print, disclaimers and caveats. But sometimes, you want a straight answer before digging deeper.

We answered 10 money questions in a single word, and linked to all the extra stuff.

1. How do lenders decide if I qualify for a loan or credit card?

Credit.

2. What if my credit isn’t good enough?

Co-signer.

3. Does checking my credit report hurt my score?

No.

4. What score do I need for my credit to be considered “excellent”?

720+.

5. How old do I have to be to get a credit card?

18.

6. How do I get money for college?

FAFSA.

7. How can I lower my student loan interest rates?

Refinance.

8. How much of my income should I spend on necessities like rent, food and gas?

50%.

9. How do I simplify multiple debt payments?

Consolidation.

10. How can I save for retirement if my employer doesn’t offer a retirement savings plan, like a 401(k)?

IRA.

Teddy Nykiel is a staff writer at NerdWallet, a personal finance website. Email: teddy@nerdwallet.com. Twitter: @teddynykiel.