Each small business, particularly in periods of growth or inconsistent cash flow, needs to adapt to change. An unsecured line of credit can be a perfect option when you need access to money with flexible terms for repaying borrowed funds. A small business credit line allows entrepreneurs to maintain a stable supply of cash to keep … Read more
If you have a home equity line of credit (HELOC), you may be curious as to whether you are permitted to a valuable tax deduction for the interest you pay on the loan. The laws for deducting mortgage interest have changed. The interest you pay per year when you borrow on the equity of your home is … Read more
Lenders will always want to get as much out of us as they possibly can, and when it comes to hidden credit card charges, this is where most of them shine. When signing your contract with a potential lender, you may not have the time to read through the whole document, or you may not … Read more
If you are in debt, you may be constantly receiving calls from creditors and third-party collection agencies. You are no alone in this. According to the Financial Protection Bureau, roughly 28% of people with a credit history are in debt, and these debts have already been reported to a third-party collection agency. Around 9% already … Read more
Credit cards offer a convenient way of paying for goods and services. They are also safer compared to carrying cash, and offer many rewards to users, depending on the card. Unfortunately, overspending with credit cards is common, and the reason why most Americans are in deep debt. According to CNBC, 55% of all Americans with … Read more
Are you preparing to apply for your first credit card? It is generally a simple procedure to apply for a card, however, the tricky part is getting approved. Card issuers differ on how they look at applicants’ eligibility for a credit card. This could make it difficult for you as an applicant if you are … Read more
Studying abroad is a great way to experience a new culture and even enrich your life by learning new languages, and traditions, and broadening your horizons. While it may be a rewarding experience for many, it can also be a costly endeavor for a lot of people. This is why you need to choose the … Read more
A lot of us have an old credit card lying around in our wallets. Even though we do not use these cards anymore, we feel hesitant to close them. This might be attributed to the fear of damaging our credit score. This fear is completely justified as our credit score is affected significantly when we … Read more
Strong credit plays an integral part in your financial life. For obvious purposes like obtaining a credit card, car loan, or mortgage, most people think of good credit. But credit also plays a role in less obvious things, such as renting a car, apartment, or house. If you’re trying to build a credit score for … Read more
Bankruptcy is a complex legal process that can affect your reputation seriously and adversely. On the bright side, It won’t last forever, no matter how much damage is done to your credit. Bankruptcy remains on your credit report for seven to 10 years, but its effect diminishes as time goes by. Meanwhile, by taking some … Read more
Your credit score is determined from credit report data, so you want your reports to display a strong on-time payment history. But not every payment that you make will go to your credit reports. For example, gym memberships, health insurance premiums, cable bills, and others will not improve your credit even though you have been paying … Read more
Identity theft monitoring targets the unauthorized use of your personal details. Through this, professionals search for criminal activity that uses your name, address, social security number, and other information. They offer help in case your personal information is hacked or compromised. Other forms of identity monitoring are also available, such as dark web surveillance, change … Read more
A corporate credit rating is a numeric or quantified creditworthiness evaluation of a company. It shows investors the risk of a company falling back on its debt obligations or existing bonds. Rating agencies issue corporate credit ratings. By providing independent, objective evaluations of companies and countries’ creditworthiness, a credit rating agency or company allows investors … Read more
Making transactions online now is simpler than ever thanks to point of sale (POS) lending services contributing to the rise of the so-called “buy now, pay later” phenomenon. These schemes, which represent just a tiny percentage of the wider market for personal loans, allow clients to break the costs of large transactions into regular installments. … Read more