What Is Layaway + How Does It Impact Credit?
A layaway plan lets buy a product from a store that you will pay off over time. This is a…
What is Insolvency?
Insolvency pertains to a situation where an individual or firm fails to meet the financial obligations to the creditors when…
What is Credit Card Churning?
The concept of credit card churning is all about earning as many points as possible within a short span of…
What Is a Line of Credit and How Does It Work?
Although traditional personal loans come with fixed terms, a line of credit allows you to access extra cash anytime you…
What Is a Derogatory Public Record?
What Is a Derogatory Public Record? If your recent credit application was rejected, you will receive a letter from the…
What is a Credit Score
A credit score is basically a number that all third parties, particularly lenders, use to evaluate the risk of lending…
What Is a Cash Advance, and Is It Worth It?
A cash advance is a withdrawal that you can arrange with the credit card issuer that lets you get certain…
What is a Bad Credit Score?
Your credit score is that three-digit number ranging from 300 up to 850. Although 300 is considered as the lowest…
What Happens to Your Debt When You Die?
What Happens to Your Debt When You Die? A lot of families…
What Happens If You Overpay Your Credit Card?
What Happens If You Overpay Your Credit Card? One of the best financial tools you can have is none other…