Thursday, April 18, 2024
If you’re an adult in the U.S., there’s a good chance you use a credit card (or in some cases, multiple credit cards) for the majority of your purchases. As a credit card holder, you’re assigned a unique number—a credit score—that credit card companies and lenders use to determine how […]
Many people are beginning to realize how important it is to keep tabs on their credit scores. There are many factors influencing your credit score and the more you know about them the better prepared you can be to deal with them. Today we are going to look at an […]
According to FICO, the average credit score in America for 2021 is 716. In general, this is a good credit score, but it’s only the average score, and about 11.1 percent of American consumers have poor credit scores, i.e., scores less than 550. Are you one of them? Credit scores […]
Your financial health begins and ends with your credit score. It describes your creditworthiness and tells lenders how responsibly you handle your debts. A good credit score makes lenders such as Maxlend loans trust you with new loans, and the reverse is also true. Again, a high credit score opens new lines […]
Finding a loan that matches your requirements when you need money fast can be both a stressful and arduous experience. The stress and difficulty of researching different loan options is only amplified when you have bad credit and need money quickly. There are a variety of reasons why you might […]
A credit score is the number that lenders use to determine the risk of loaning money to you. Most lenders in Arizona will check your credit score before deciding how much they will lend you and at what interest rate. FICO scores, the most common credit determining factor, uses five […]
Many people identify credit card as just another tool to make your purchasing easier, but while used appropriately, it can be a lot more. When used properly, a credit card can be even an ideal tool for you to build a good credit history or revert your bad credit to […]
With the power of purchasing, comes responsibility. Most of us swing into enjoying the ‘credit’ way of life with multiple credit cards and other conveniences without a second thought. No doubt, dollars in your pocket or current checking accounts determine your purchasing power. However, one should not forget the deep […]
Have you always used a debit card to date? It might be time to switch to a credit card given its many benefits. If you were always under the impression that credit cards are only good for making purchases, think again. Credit cards have several advantages over the debit cards, […]
No credible lender will give you a loan if you have a poor credit score. Those that do are most probably back street lenders and their loans usually carry hefty fees and huge penalties when you default on them. This, therefore, necessitates building and maintaining your credit score as high […]
Mental Health has a detrimental impact on people living with debt in their lives. We all know the financial problems that exist when in debt but not many people discuss the darker side that impacts so many of us. How Does Credit Card Debt Affect Mental Health? According to an […]
What kind of lending risk are you? If you are looking to borrow money it is important to know. Your credit score is what potential lenders will use to determine whether or not they are willing to lend you money, how much they are willing to lend and at what […]