Short-Term vs. Long-Term Disability: A Guide for High-Income Professionals

The average American is woefully unprepared to handle a medical emergency or loss of income.In fact, as of 2024, over one in four Americans do not have any emergency savings, making them vulnerable if a health crisis or accident leaves them unable to work.You might expect Social Security disability benefits to protect you… The post Short-Term vs.Long-Term Disability: A Guide for High-Income Professionals appeared first on Student Loan Planner.

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.