Many people believe that carrying a balance will help them build credit or up their chances of getting approved for a credit card. People think that if they pay interest then the bank is making money off them (that part is true!) So if the banks are making money, then their pockets are like a
Updated: 08/07/18 In today’s day and age we hear daily in the news of new hacks and new identity theft stories. By now everyone knows how important it is to properly monitor your credit report to make sure that no thieves are able to open any credit cards or loans on your name. There are
The FCRA (Fair Credit Reporting Act) instructs all three credit bureaus that they must provide every American consumer a right to receive a free copy of their credit report annually. But, as the saying goes, “When getting free honey, you may get stung too”. So here in this post, I will go through how and
Updated: 04/08/18 There are two types of loans or debts which a person can possibly have. One type is an installment loan. (For example: mortgages, auto loans, or any loan that has a fixed amount that needs to be paid every month.) Another type is the revolving loan. (For example: credit cards or loans that