Does Paying Off A Loan Improve Your Credit Score?
Your credit score is a three-digit number that reflects your creditworthiness as a borrower. It’s used by lenders, landlords, and other businesses to assess your financial stability and the risk of lending you money or providing you with goods or services. There are a number of ways to improve your credit score, including paying off […]
Should You Pay Off Credit Card Debt Immediately Or Over Time?
Let’s say you suddenly received a financial windfall like a salary bonus. Paying off credit card balances all at once may make sense. Especially considering that doing so may help improve your financial situation by getting rid of debt. However, the alternative: paying off your credit card debt over time, can be, in most cases, […]
How Often Should You Check Your Credit Report?
Your credit report is a detailed record of your credit history, including information about your borrowing and repayment habits. And it’s this report that banks and other types of lenders use to determine your creditworthiness as a borrower. For this reason, it’s important to regularly review your credit report to ensure that all the information […]
How Does An Unsecured Loan Affect Your Credit Score?
If you’re in need of financial assistance and want to improve your credit score at the same time, then an unsecured loan can be an option worth considering. Do note, however, that any loan has the potential to both hurt and help your credit score. Whether an unsecured loan affects your credit score in a […]
Can A Payday Loan Hurt Your Credit?
If you don’t have the best credit and are having trouble getting approved for a credit card or loan to supplement your finances, then you may be considering getting a payday loan. Unfortunately, payday loans may not be the solution. While payday loans typically have very minimal borrowing requirements, they do come with a bunch […]
What Mortgage Can You Get With Bad Credit?
Banks and other types of lenders will look at your credit when you apply for a mortgage loan. To qualify for the best rates and terms possible, you need “excellent” credit. That means you need to have a credit score of around 740 or higher. Having “bad” credit or a credit score under 600 doesn’t […]
Does Voluntary Repossession Affect Your Credit?
Voluntary repossession occurs when a borrower returns their vehicle to the lender or finance company before the loan is fully paid off. This typically happens if the borrower is unable to make the required payments towards the loan. While voluntarily surrendering your vehicle is better than letting your loan go into default and letting your […]
How To Protect Your Credit During The Holiday Season
The holidays are a time for celebration and spending time with your loved ones. But with all the additional expenses that can come with the holiday season, it can also be a time of financial stress. Fortunately, there are a number of ways for you to enjoy the festivities without putting your credit at risk. […]
Does A Virtual Credit Card Affect Your Credit Score?
Many people are interested in using virtual credit cards because they offer an extra layer of security and can help protect against identity theft and credit card fraud. But does a virtual credit card affect your credit score? Overall, a virtual credit card can definitely affect your credit score. Whether it has a positive or […]
Should You Cancel A Holiday-Exclusive Rewards Credit Card?
With the holidays right around the corner, it may be the perfect time to take advantage of credit cards. Many credit card companies offer credit card rewards, such as 0% introductory rates or bonus points, exclusive for the holiday season. And while many of these credit cards can still be used normally after the holidays, […]
