Installment Debt vs. Revolving Debt

Installment Debt vs. Revolving Debt

Jul 3, 2020

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:...
How to Reduce Credit Card Debt Without Hurting Your Credit Score

How to Reduce Credit Card Debt Without Hurting Your Credit Score

Jun 15, 2020

Credit card debt can be overwhelming, stressful, and can lead to poor financial health if left unchecked. High credit utilization and holding too many cards at once hurts your credit score, which can make balance transfer cards a risky solution to pay off debt.  If...
Can You Improve Your Credit Score with a Debt Consolidation Loan?

Can You Improve Your Credit Score with a Debt Consolidation Loan?

Jun 2, 2020

Financial planning has been a hot topic of discussion for many Americans coming out of the quarantine period with limited funds or smaller incomes. Struggling to pay off debt can lead to late payments and diminishing credit ratings. While maintaining a decent credit...