While we are not affiliated with the government in any way, our private company engaged writers to research the LIHEAP program and compiled a guide and the following answers to frequently asked questions. Our goal is to help you get the benefits that you need by providing useful information on the process.

We want to provide information to help you find the resources you may be looking for.

We provide this information in a free guide.

If you’re looking for information, our website and guide may help you learn about topics such as:

  • Credit scores
  • Credit cards
  • Debt relief
  • And more

Table of Contents: 

  1. Want to learn about us?
  2. Where do we get our information?
  3. Is my information protected?
  4. What is considered a good credit score?
  5. What are the effects of having a low credit score?
  6. What can I do to build my credit?
  7. What kind of credit card should I get?
  8. What is the difference between a credit card and a debit card?
  9. Should I get direct deposit?
  10. What kind of loan should I apply for?
  11. How can I get debt relief?
  12. Will a credit counselor help settle my debts?

1.     Want to learn about us?

We’re a private company that conducts research online and compiles information for you in a free guide. Our goal is to give you the information in one place – in a clear and simple way – to help you achieve your goals.

2.     Where do we get our information?

Our team of writers conducts online research about topics that are important to you. We find information that’s already online, but we put it together to make things easier for you.

Then we take the information and give it to you in a way that’s clear and easy to understand.

3.     Is my information protected?

We believe in the importance of keeping your data safe. If you decide to give us your data while using our website, we use many different protections to help keep it safe. To learn more about how we protect your information, check out our Privacy Policy and Terms & Conditions.

4.     What is considered a good credit score?

Generally, a “good” to “excellent” credit score is between 690 and 850. Bad credit scores are generally scores between 300 and 629 points.

5.     What are the effects of having a low credit score?

Having a low credit score might make it harder to get good terms on a loan. Also, if you’re trying to rent an apartment, for example, landlords might check your credit score to see if you’re known for paying your bills on time. A bad credit score could make it harder for you to find housing.

6.     What can I do to build my credit?

The first step toward better credit is to usually start paying off any debts that you have, whether it’s student loans or credit card debt. Also, you should take a look at your credit report to see if it has any errors or issues. You can call a credit bureau to fix any incorrect information, and credit reports can also help you see which accounts are having the biggest negative impact on your score so that you can pay off those first.

 7.     What kind of credit card should I get?

The answer to this question depends on your finances. If you don’t have any debt, a rewards card can be a great way to earn some extra dollars as you spend. However, if you currently have debts that need to be paid off, a balance transfer card might be better. Balance transfer cards let you put all of your debts on one card that has a low interest rate for easier payment.

8.     What is the difference between a credit card and a debit card?

The main difference is that debit cards are tied to your bank account, so every dollar you spend comes out of your checking. Meanwhile, credit cards are not tied to bank accounts. You can spend money on your credit card and then you have to pay a certain amount toward your card at the beginning or end of each month. Credit cards come with fees like annual fees, interest fees and more.

9.     Should I get direct deposit?

Direct deposit puts your earnings directly into your bank account. It works for your employment income just like it works for unemployment benefits.

10.    What kind of loan should I apply for?

Like credit cards, the type of loan that’s right for you is based on your finances. If you have a high credit score, you may qualify for a low-interest loan that is easy to pay off. On the other hand, if you have a low credit score, you may only be able to get loans with higher interest rates like payday loans. These loans may keep you owing money longer and lead to a vicious cycle of debt.

11.    How can I get debt relief?

If you’re in debt, there are a few options for getting debt relief. Debt consolidation lets you put all of your debts into one place so that you can lower the number of payments you make and sometimes your interest rate. Also, you may work with a debt settlement company to settle some or all of your debts. Depending on the type of debt that you have, you can even file bankruptcy.

12.    Will a credit counselor help settle my debts?

If you decide to use credit counseling, the service is limited to debt relief advice. Credit counselors can teach you about budgeting and paying off loans, but they don’t offer debt settlement services that use risky tactics to try to lower your monthly payments.