Penn Credit Corporation’s Blog

Going to college is a great way to set yourself up for a successful life as you get older, but it often comes with a hefty cost. The most common way to pay for expensive schooling is with student loans. Eliminating the financial burden associated with this debt is the...

Let your own finances be an example of why your children should learn financial literacy. There’s no excuse for lacking a general understanding of expenses and income. Improving this understanding might be the difference between constant wealth and check-to-check...

Contrary to popular belief, debt is not always a bad thing to have. In fact, most investors and analysts in today's business world search for companies that are not only successful but that utilize their debt wisely. Clients examine the debt-to-equity ratio, meaning...

Savvy consumers have an understanding of their overall financial situation and their potential buying power. They generally keep track of their consumer credit report information and validate that all the details contained there are accurate. Despite a general...

Automation and artificial intelligence (AI) are already a major part of any industry that needs to process information. If you need to calculate anything, compare anything, or make decisions based on any information that can be written or recorded, AI is there. In...

Since history proves that the financial markets can lose 20% in a single day, investors should prepare for the worst that the stock exchanges can encounter. Your decision to invest into stocks comes with volatile risks. You can identify your risk tolerance by...

When the majority of a business is owned by a single entity, that business is said to be “closely held.” Privately held businesses can also have a minority subset of owners—who provide guidance and funding. What makes any business private, however, deals with how it...

Retirement is a word that people don't think about when they're younger. It's too far off. Unfortunately, many people haven't planned enough ahead for retirement. Are you on track for retirement? If not, here are a few tips to help you get back on track for...