What is Credit Utilization

What is Credit Utilization? The credit utilization ratio, often referred to as your credit utilization rate, can be defined as the amount of revolving credit that you’re currently using, divided by the amount of total revolving credit that you have available.  It’s simply how much you owe divided by the credit limit. The figure is […]

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How Does Debt Consolidation Work – Pros and Cons

How Does Debt Consolidation Work? If you have a hard time paying off bills in a timely manner, then debt consolidation might be able to help. Debt consolidation work by taking out one loan to pay off existing debts in order to simplify the repayment process and help borrowers avoid bankruptcy.  This article will briefly […]

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What is APR

What is APR? A Guide for Consumers What is APR? And why is it important? The annual percentage rate, or APR, is a crucial consideration when borrowing money. Let’s go over the details and explain this important financial term. APR Defined Lenders will transfer money to borrowers’ accounts with the understanding that they will repay […]

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How to Rebuild Credit Fast

How to Rebuild Credit Fast Does your credit score need an improvement? If yes, then you are not alone. 44 percent of Americans have FICO credit scores that are classified as “bad”. These are FICO scores that range between 350 and 649. If your score isn’t up to average, you could be wondering how you […]

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Installment Loans vs. Payday Loans Fast Cash

Installment Loans Vs. Payday Loans: Know Before You Owe You might be contemplating installment loans or payday loans. There are a lot of different examples of secured or unsecured debt when it comes to installment loans. No matter what your credit score is,  there are many alternatives to get money. You could seek out relatives, […]

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