Your credit limit is an important part of your financial health because it affects everything from your credit score to your ability to buy big things. At Peoples Bank & Trust, we believe in empowering our customers with the knowledge they need to manage their finances effectively. Heres a comprehensive guide to understanding your credit … Read more
The lender you settled with should let Experian and the other two major credit bureaus (TransUnion and Equifax) know about the change. The changes should show up on your credit reports soon after. If that doesn’t happen in a month or two, or if you’d like the update to happen faster, you can dispute the … Read more
Many people wonder if getting a line of credit is the same as having cash in hand. At first glance, they seem similar – you have access to funds that you can use when needed. However, there are some key differences between a line of credit and cash that are important to understand. What is … Read more
If you already have a loan, or about to take one on, then you should be fully aware of all the options for repayment that are available to you. While most lenders allow you to repay the loan via Equated Monthly Instalments, there are ways to become debt-free faster. Pre-payment and part payment are loan … Read more
Applying for a new credit card can be an anxiety-inducing experience, especially if you’re not sure whether you’ll get approved or not No one wants to deal with the sting of rejection, but there’s more at stake than just your pride The credit card company will usually do a hard inquiry on your credit report … Read more
Accounts that dont report to the credit bureaus cant help your credit — but failing to pay them on time can hurt it. 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 take an action … Read more
When life throws you a curveball and your credit card debt goes unpaid, it begs the question – what happens to unpaid credit card debt after 7 years?. Although the unpaid debt will go on your credit report and have a negative impact on your score, the good news is that it won’t last forever. … Read more
Timely rent payment is one of a landlords biggest concerns. So, to better evaluate which applicants are most likely to pay on time, landlords may use credit information to screen tenants. Let us tell you what you need to know about your credit history in order to rent your next place. Tenant credit checks are … Read more
As a loyal Target shopper, you know the perks of using a Target RedCard. The 5% discount on every Target purchase can really add up over time. But what if you need to make a quick stop at Walmart? Can you use your RedCard to get a discount there too? The short answer is no. … Read more
In September 2024, the Consumer Financial Protection Bureau (CFPB) settled with Navient, a once-major U. S. student loan servicer. Navient is banned from servicing federal Direct Loans and must pay $120 million in penalties and relief for affected borrowers. For years, Navient made serious errors that caused borrowers to accumulate thousands of dollars in additional … Read more