Many prepaid credit cards market themselves to people with bad credit. They claim that they guarantee approval and that they are a great way to rebuild credit.

While it is true that there is no credit check or qualification for a prepaid debit card, most of these cards do not report to your credit. Because there is no monthly payment and no credit is being extended, there is really nothing for them to report. For this reason, prepaid credit cards are really not a good tool to use to build credit.

For those who do not have the ability to qualify for a credit card, they can help you do things like shop online, or rent a car.

You do need to do research prior to getting one though. Most all cards will have a start up fee and will typically require you to pay either a monthly maintenance fee or pay a fee every time you make a deposit. Researching up front will help you find the card with the lowest fees.

Vincent Polisi is the founder of the Wealth Consortium

Do you know why college costs a lot of money?  It’s due to the fact that you have to pay for tuition and fees, regular living, and all your extras while not having a full time job to pay for it.  Most people don’t work full time while attending college full time.  If you want to put off repayments until after college, federal loans will allow you to do this with a low interest rate.

For most loans, you’ll have to start paying them back at most six months after you have graduated.   If you find a good job, maybe that doesn’t pay much, and an apartment, it’s going to take longer to pay back.  Instead, why don’t you try paying them back faster by using all the money you can find to pay them?

If you have a sizable amount of money that you want to keep safe, but need to have access to then you have probably asked the question is high interest checking safe? The answer is that it can be. You should look for a bank that is FDIC insured and your account will be protected up to $100,000. But, it’s not just a loss of your money that you need to be concerned with. Another thing to watch for is fees. There’s no point in making extra money off of a great interest rate, if you paying yearly fees to have the account or withdrawal fees or late fees that cost more than you are earning. So, you’ll need to do your research before you sign up for a high interest checking account, but once you find the proper bank, you can rest assured that your money is pretty safe.