Lowering your monthly mortgage payment can have a positive impact on your budget. Here are some things you should know about refinancing before you decide if it’s the right choice for you. Sometimes it’s hard to make your monthly house payment because money is tight. There are ways to lower your mortgage payment and make … Read more
Debt-to-credit ratio is another term for your credit utilization ratio, which is the percentage of your available credit on a credit card that youre using at a given time. This number tells you how much credit you are using compared to how much credit you have available at any given time. Its an important factor … Read more
As the leading issuer of private label credit cards, we know a thing or two about options. Browse our cards, and find a convenient way to pay over time. Getting approved for credit can seem like a mysterious process. You fill out application after application, only to get rejected time and time again. What gives? … Read more
People with credit scores between 300 and 850 have good credit. Scores between 670 and 739 are bad. Credit scores of 740 and above are very good while 800 and higher are excellent. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above is generally … Read more
Having access to credit is crucial for most consumers looking to purchase a home, car, or other large expenses. Your credit reports and scores play a significant role in determining your access to credit and its cost. So it’s understandable that consumers want to know how different credit accounts and loans impact their credit records. … Read more
To understand available credit, it might help to imagine that youâre borrowing cash from a friend. Say your friend loans you $10 and you spend $4. If the original $10 you borrowed represents your credit limit, the $4 you spent is your current balance. And the $6 you have left is your available credit. Learn … Read more
A loan is often needed to cover the cost of buying a car because it is such a big financial decision. If, on the other hand, the car dealer lied on your loan application—saying you made more money or that your credit score was better than it really was—you could end up with a car … Read more
The steps you take to improve your credit score will depend on your unique credit profile. In general, its important to understand the factors that influence your score, including your payment history, amounts owed, length of credit history, credit mix and new credit. There are several ways you can improve your credit score, including making … Read more
Personal finance can be complicated and confusing. It’s tough to decide where to begin when there are numerous ideas and points of view. That’s why more than 5 million people have turned to the Dave Ramsey method for simple, useful money advice. And what is the Dave Ramsey method? It’s a simple 7-step plan to … Read more
The two most important things that affect your credit score are how well you pay your bills and how much of your credit limit you use. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to … Read more