It is normal to find yourself in a situation of bad credit. Sometimes it is unavoidable due to financial difficulties. When you take a loan hoping to repay within the agreed time and then things turn upside down, definitely you will find yourself listed negatively in the credit bureaus. Such a situation lowers your credit…
A Credit card is a form of payment card that is plastic in nature and allows you to buy goods and services on credit. It means that you borrow money from your bank via the card and pay later at the end of the month. Different banks and financial institutions have different terms and conditions. …
Credit cards are important since they help you to buy goods and services even when you do not have money. The money you use is similar to a loan in that you have to repay it at the end of the month. There are two different kinds of credit cards. You can find secured and…
We have two different types of credit cards. These include secured and unsecured credit cards. Secured credit cards require you to deposit some amount of money before getting one. The amount of money you deposit in your account acts as a collateral to the credit you borrow. On the other hand, unsecured credit cards do…
A credit score is the outcome of a mathematical algorithm applied to a credit report as well as other sources of information related to finance to predict future ability to pay debts. Scores range between 300- 850, whereby 300 is very poor, and 850 is excellent. Most banks want to know how you have been…
Millions of people in the world do not like walking with money. There is a significant risk while walking with cash in your pockets. You might lose them on your way, or meet thieves who then steal from you. Credit cards are generally for people with good credit records. However, people with poor credit records…
There are millions of people in the world who do not like using real money for shopping or doing other transaction types. They prefer using credit cards, debit cards, or prepaid cards. As long as you have a checking account, you can quickly get a credit card or debit card. In this article, you will…
A credit card is a special card that allows you to borrow money from your financial institution to spend on shopping, payment of bills, as well as withdrawing cash from ATMs. Credit cards issuers mostly consider people with good credit records because they want to be sure that you will be able to pay back….
Money transfer is a process of moving money from one account to another. When sending money from your account to someone else’s account, you are actually transferring money. You can transfer money from a credit card to a prepaid card online. You can also transfer money from a debit card to a prepaid card as…
What is your credit score? Have you been paying loans and debts on time? What about your monthly bills? If you adhere to the set deadlines in paying off debts and loans, you set a good credit record with your financial institutions and vice versa. People with bad credit find it difficult to access credit…