A credit score is a number that shows how responsible you are when you borrow money. It considers your financial history and predicts how likely you are to repay debt. The higher your credit score is, the greater your chances of getting approved for a loan with a low interest rate and favorable terms. While […]
A personal loan can be a valuable tool in managing your finances and debt. When you’re paying several creditors, it’s a valuable way to consolidate your debt. But what about your personal loan and credit score? How does having a personal loan, especially for managing your debt, affect your credit score? Get answers to your […]
You hear so much about credit scores, but how important is a healthy credit score, really? It depends on what your plans are within the next one to five years. If you know you’ll need a car within the next year, your credit score is important. If you know you want to buy a house […]
If you had a leaky boat in the middle of the ocean or a lake, you would quickly find the leak and patch it up before it got worse. If your credit score is above 700 and you see it drop below 700, even by a few points, it’s also important to find out why […]
Wells Fargo announced to its customers that it has “decided to discontinue offering new Personal and Portfolio line of credit accounts and to close all existing accounts.” Closing personal line of credit accounts means customers will no longer have access to their credit lines and will have to pay off their existing balances over time. […]
