Advertiser Disclosure

One-Word Answers To Your Money Questions

Jan. 9, 2017
Banking, Credit Score, IRA, Loans, Personal Finance, Student Loans
Where to Get a Money Order
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

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.