When opening a line of credit, you are taking on a financial responsibility to borrow money that you intend to pay back. A credit card can have a positive or negative effect on your credit score depending on how you use it. If you are not careful, you may be on...
In terms of borrowing, it is wise to have different types of credit to diversify your credit mix. This helps determine your creditworthiness, and may even help improve your credit score if you maintain your debt repayments. With credit comes debt in two primary forms:...
Recent Comments