Understanding the Transformative Effects of Debt Consolidation on Your Credit Score: Essential Insights Engaging in debt consolidation can serve as a powerful financial strategy that not only simplifies your payment structure but also significantly enhances your overall financial stability. However, it is crucial to grasp how debt consolidation influences your credit score to make informed…
Understanding Fair Credit Scores: A Comprehensive Guide
Do you ever feel like your credit score is holding you back from achieving financial freedom? Understanding fair credit scores can help you take control of your finances and pave the way to a brighter future. A good credit score can mean lower interest rates on loans, better insurance premiums, and even access to certain…
How to Cancel a Credit Card While Maintaining Your Credit Score
How to Cancel a Credit Card While Maintaining Your Credit Score How to Cancel a Credit Card While Maintaining Your Credit Score: Are you planning to cancel your credit card? Maybe you don’t want to pay the annual fee, or maybe you don’t use the rewards programme enough to reap the benefits. While there are…
Credit Card 101: How Do Credit Cards Work
.blurb__content{text-align:left;color:#393a3d;font-size:13px;line-height:21px} .blurb__title{text-transform:capitalize;color:#00a38f;font-size:18px;line-height:21px;font-weight:700;text-align:center;background:#fff;position:absolute;top:-11px;text-align:center;transform:translate(-50%,-50%);left:50%;top:-1%;padding:0 7px} .blurb__container:before{content:” “;background-image:url(data:image/svg+xml;base64,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);background-size:cover;background-repeat:no-repeat;width:22px;height:22px;position:absolute;top:32px;left:25px;top:50%;transform:translateY(-50%)} How Do Credit Cards Work? When you use a credit card, you are borrowing money from your bank or credit issuer. When you make a purchase and the payment is accepted, the amount is deducted from your credit limit and added to your current balance. You are recommended to make…