The Difference Between Prime and Subprime Borrowers

The Difference Between Prime and Subprime Borrowers

When it comes to your credit score, you should know your 3-digit number to distinguish your financial health status. But do you know which segment you belong to? You may have seen the terms prime borrower and subprime borrower while checking your status and are...
Everyday Habits That Get You Out of Debt Quicker

Everyday Habits That Get You Out of Debt Quicker

When you have a credit card, you may find that getting into debt is much easier than getting out. Spending a few dollars here and there seems insignificant at the moment, but over time you could be losing hundreds or thousands of dollars on unchecked habits.  Even if...
What Makes Up a Credit Score?

What Makes Up a Credit Score?

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

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

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...