Carla Fried

Carla Fried has been explaining smart money management strategies to consumers for more than 20 years, starting as a reporter at Money Magazine. For the past 15 years she has has written for Money Magazine, The New York Times,, Consumer Reports, and Her areas of expertise range from all aspects of retirement planning, home buying/selling, saving/paying for college, credit management, insurance, and navigating the often tricky generational challenges of family finances.

Articles by Carla Fried

FICO® Score: What It Is and Why It’s Important

April 12, 2018

A FICO® Score is one of the credit scores most commonly used by lenders and businesses to assess your credit history and decide if you are financially reliable. Find...

What Is Chapter 7 Bankruptcy?

April 4, 2018

If you are unable to keep up with your credit card and loan payments, filing Chapter 7 bankruptcy can erase some of your debts. Chapter 7 bankruptcy is an...

What Is Chapter 13 Bankruptcy?

April 4, 2018

Chapter 13 bankruptcy helps people struggling with debt by putting them on a repayment plan that can make it easier to pay back what they owe. Find out more...

What Is a Conventional Loan?

March 28, 2018

A conventional loan is a mortgage that is not backed by a government agency. Conventional loans are often also called “conforming” loans because they follow lending rules set by...

Bankruptcy: Chapter 7 vs. Chapter 13

March 28, 2018

If you’re in serious debt and can’t keep up with repaying loans and credit card bills, Chapter 7 and Chapter 13 bankruptcy are the two most common programs you...

What Is the Average Student Loan Debt?

March 16, 2018

The average student loan debt in 2017 was $34,144 per borrower, according to Experian’s State of Student Loan Debt report from August 2017. And more than 13% of  U.S....

What Is Income-Based Repayment?

March 12, 2018

An income-based repayment program, or IBR, is one of four income-driven plans available to federal student loan borrowers. An income-based student loan repayment plan calculates your required monthly payment...

6 Things You Need to Know About Borrowing Money

March 6, 2018

Whether you need to borrow money instantly to cover an unexpected expense, or plan to apply for a mortgage, car loan or college loan, knowing the best options for...

How Much of a Down Payment Should You Make on a Car?

March 6, 2018

Nearly 90% of new car buyers and more than 50% of used car buyers take out a loan to finance their purchase. That means most car buyers grapple with...

It’s Home Renovation Time: Home Equity Line of Credit or Loan?

December 4, 2017

If you’re considering a big home renovation project that you anticipate you can’t pay for, an option is to take out a second mortgage. Find out how.

4 Things You Need to Know Before Getting a Student Loan

November 30, 2017

The average student loan borrower has four different student loans totaling an average of $34,000 but many have much more. Here's what you should know.

How Can Immigrants Build Credit?

November 13, 2017

Are you or your friends new to the U.S. and looking for ways to build up your credit? Take a read to find out some surefire ways to build...