Installment Debt vs. Revolving Debt
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
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?
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...
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