Category: Credit

However, when looking at a new credit product or loan, it is important to take note of some key phrases. It might seem like the interest rate, APR, minimum payments and loan length will be the ones to watch out for, but there is another one that surprises you; “Iowa.”

Want a refund for a credit card buy? It’s probably reasonable given the rate of cancellations lately. You will have your money in no time, whether it’s just a small refund for a concert ticket or much larger amount for a cancelled trip.

Considering that it can result in severe and lasting effects on your financial and mental well-being, bankruptcy filing should be the last resort. Despite these consequences however, there has been increased prevalence of bankruptcy in the U.S.

Today, credit card debt is one of the main financial concerns for many Americans. It’s the situation whereby if accumulated could be very hard to regulate. Credit card debt may look impossible especially for people who have many cards (three on average) and owe an average of $4,427 per card.

As CNBC report show, the FICO Resilience Index alters the impact of payment history especially the missed payments or overdue accounts and gives less importance to them. Although they remain relevant, the whilst strategy of credit-scoring notified and develops this new way of calculating scores values the management of little balances and the control of usage.

The global economic environment makes it difficult to maintain financial stability. To protect themselves, credit card companies are doing everything possible in the current landscape of uncertainty. Consequently, they should be tracked regularly since such decisions can greatly affect personal finances.

After a global economic downturn, lots of people have faced money problems. In response, some lenders have offered help, like letting people delay their mortgage or car loan payments for a while.

Just like everything else, the financial landscape witnessed significant changes in early 2020. Credit card rewards were not spared the turbulence that emanated from stay-at-home orders and business closures. If you use rewards credit cards, which may be cash back, points or travel miles among others, there might be some changes seen.

Understanding the actual calculation underlying your credit score is more important than simply knowing the number. If you want to know how credit bureaus like Equifax, Experian, and TransUnion generate your score, you’ve come to the correct spot.

Consolidating your credit card debt with a personal loan may seem like a viable option during difficult circumstances. However, it is critical not to make any financial decisions without serious analysis, especially today. If you’re struggling with credit card debt, consolidation could be a solution.