Erin Arvedlund Philadelphia Inquirer Published 5:07 PM EDT Mar 31, 2019 When it came to paying for college, Celeste Hernandez Revelli wishes she could go back in time — and tell her younger self to avoid all those mistakes. Revelli, 32, is now the director of financial planning at eMoney Advisor in Radnor, Pa., and she creates interactive plans for financial advisers to help their clients avoid the errors she made. To pay for college, her mother, a single parent trying to do the right thing, went to a local bank and took out a federal Parent Plus loan. “What we didn’t know was how much it would cost down the road,” said Revelli, who graduated from Loyola University in Maryland in 2008 with $90,000 in debt. Looking back, Revelli would have done things differently. “I would have researched all the options for college instead of loans — such as grants, scholarships, and financial aid. Or perhaps I should have gone to a community college for two … [Read more...] about How a couple paid off $150K in student loans early
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NEW YORK — At some point, you'll buy your last car and refinance your last mortgage. Surely then you can stop worrying about your credit scores. Well, not really, although there are situations when credit scores shouldn't be anyone's main concern. Let's start with some reasons why credit scores still matter, even when you don't plan to borrow money. LENDERS AREN'T THE ONLY ONES CHECKING YOUR CREDIT Most insurers use credit-based insurance scores, which use information from credit reports to help set premiums for auto, homeowners and renters policies. A drop from excellent to poor credit can more than triple homeowners' premiums in some states. Credit can have a bigger impact on auto insurance premiums than any other factor, including someone's driving record, according to an investigation by Consumer Reports. That's not all. Cellphone companies often reserve their best deals for those with the best credit. Many employers check credit reports, which could be an issue should you … [Read more...] about Liz Weston: At What Age Can You Ignore Your Credit Score?