The convenience of credit cards has transformed the way we shop and pay for our purchases. Credit cards provide a world of possibilities that cash simply cannot. Yet, it’s no secret that an increasing number of Americans face overwhelming credit card debt. The statistics are shocking, with the average credit card balance rising steadily over…
Whether you’re a business owner or an individual consumer, payment history is an important factor to consider when making financial decisions. Payment history is a record of all the payments made for goods and services. It shows how often payments are made on time, late, or not at all. Good payment history indicates a track…
Understanding Down Payments A down payment is essentially a portion of the total price of the home that is paid up front. This initial payment serves as part of your overall loan balance and helps lenders assess your risk when it comes to approving your mortgage. It also helps determine what loan terms you qualify…
A credit score is a number that lenders use to help them decide whether to give you a loan. The three main credit bureaus – Equifax, Experian and TransUnion – generate credit scores based on the information in your credit report. This information includes how much debt you have, whether you make your payments on…