What Makes Up a Credit Score?

What Makes Up a Credit Score?

Oct 5, 2020

A credit score determines the creditworthiness of a person by a 3-digit number in a system accessed by lenders. The higher the score, the more trust or potential a person has with a lender – but how is this number calculated? A person’s credit score consists of...
Everything You Should Know About Credit Card Debt

Everything You Should Know About Credit Card Debt

Sep 15, 2020

Since credit card debt is a form of unsecured debt – which cannot be taken away if you default on payments. This means you should take your borrowing seriously to avoid accumulating high debt unnecessarily because you will eventually have to pay it off. The team at...
Why Debt Consolidation Loans Help in the Long-Term

Why Debt Consolidation Loans Help in the Long-Term

Sep 5, 2020

High debt can be draining on your mind and spirit. If credit card debt is causing you to feel as if there is no way out, we have a recommendation for you: use a personal loan for debt consolidation.  In a study conducted during the first quarter of 2020, Bankrate...
3 Tips For Saving Money While Paying Off Debt

3 Tips For Saving Money While Paying Off Debt

Aug 14, 2020

Paying off debt can be a struggle when you have limited funds to make repayments and keep a roof over your head. A savings account can be the cushion you need to help you through stressful financial situations. As of March 2020, only 13% of Americans have a personal...
How Revolving Debt Impacts Your Credit Score

How Revolving Debt Impacts Your Credit Score

Jul 14, 2020

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...