With millions of people out of work during the pandemic, credit card companies are lowering their risk by slashing limits and in some cases closing accounts outright. It’s a bad situation made worse during these unprecedented times.
Paying your monthly credit card bill before it is due will help keep your credit utilization ratio low, mitigate the impact of interest on purchases, and…
A credit card can be a very useful thing. You get the convenience of making purchases without the risks of carrying cash, and you get protection against…
The difference between prequalification and preapproval depends on how a lender is extending a product offer to the borrower. Being “prequalified”…
If you have credit cards that you no longer use, don’t close them. Nothing bad will happen and keeping those credit cards with zero balances open is a smart credit move.
