Other than that, I have a habit of paying of my debt on time, never been late but I do make a lot of transactions and pay them off immediately so I am definitely crossing my credit limit but paying transactions off weekly or so. Is this a stupid strategy o...
Closing a credit card can hurt your credit score, particularly if it's an older card or has a high limit. But there are ways to do it strategically and safely.
While having more credit cards can help increase your credit score, a more reliable strategy is to focus on responsible financial habits and card management. Making on-time payments and keeping your credit card balances low is the most impactful practice for building credit over the long run. He...
Ideally, the consolidation loan would also have a lower interest rate than what you were paying on your other balances. (Considering credit card rates are currently above 21%, this is likely nowadays). And with a lower rate, that also means lower monthly payments — which could help you fre...
Getting denied for a credit card does not affect your score; what does affect it is the hard credit check that is run whenever you apply for a card. Learn more about what may happen when you are denied.
Interest rates on debt consolidation loans can be high, and you may end up paying back more than you would have done if you’d continued with your credit card repayments. Before you take out a consolidation loan, it’s important you carefully consider: ...
When you enroll in credit monitoring alerts through Credit Journey®, you’ll be able to keep a closer eye on your credit and make adjustments as needed to help improve your score over time. In summary Whether you’re making your next move for a job, relationship, a change of scenery ...
When you carry multiple balances with different interest rates on your credit card, making the minimum payment may mean you’re paying towards the lowest interest rate balance first. That benefits your card issuer because you’re paying less towards the higher rate balances. ...
Financial institutions assume that you will keep money within the account for a while, so they reward you by paying interest on deposits. The more you have in your savings account, and the longer you keep it there, the more interest you will earn. That said, the current interest rates on...
If you're trying to get a mortgage together, talk with lenders about the best strategy. If one spouse has a high income but bad credit, it might make more sense to have the person with better credit on the application. Lenders can explain your options and go over the best strategy for ...