When you borrow money to buy a house, the lender wants to know that you will be able to pay back the loan, which can last up to 30 years. But what do you do when you don’t plan on being in the paid workforce for the next 30 years, or you’re at retirement age … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. The advice in this article is offered by the team independent of any bank or credit card … Read more
In the UK, credit card debt is becoming a bigger problem as more people and families struggle with high balances. But how bad is the problem? How much credit card debt does the average person in the UK have? Let’s look at the numbers and see how Britain’s credit card users stack up. The Growth … Read more
The advice in this article is offered by the team independent of any bank or credit card issuer. This article might have content from our partners, and there are rules that apply to any deals that you click on or link to from this page. as of posting date, but offers mentioned may have expired. … Read more
If you close a credit card, your credit utilization will go up, which is a key factor in figuring out your credit score. This can lower your credit score. Heres what to know. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board is made up of financial experts whose job it is to make sure that all of our content is fair and unbiased. Bankrate is always editorially independent. While we adhere to strict , this post may … Read more
The look of your credit score can be deceiving. You may need to change which credit reporting agency you use if you’re worried that your credit score is too low. Two of the major credit bureaus are TransUnion® and Equifax®. While both collect and store your credit information, they do so in slightly different ways. … Read more
When you want to borrow money for something like a house, car, or credit line, you should know your credit score. After all, it’s your credit score that lenders use to determine who to loan their money to – and what rates to offer them. Generally speaking, the higher your credit score, the more likely … Read more
Millions of Americans rely on savings accounts and checking accounts from banks and credit unions to help manage their money. Although it’s possible to function in society today with no bank account, it’s not recommended. Because you can’t keep cash or funds safe without a bank account, and it’s harder to use, move, and manage … Read more
Your credit utilization rate is the percentage of available credit that youâre using on your credit cards and other lines of credit. Itâs based on the balances that appear in your credit report. In general, a lower utilization rate is best. Your credit utilization ratio, sometimes called your credit utilization rate, is the amount of … Read more