Why keeping your credit card utilization low is essential? It’s no secret that credit utilization is one of the key factors in credit scoring. But what exactly is credit utilization, and how can you ensure yours is where it should be? Credit utilization is...
From maxing out to debt-free: How to manage your credit cards properly Credit cards can be a helpful tool when used responsibly. Making scheduled, on-time payments can boost your credit score, and certain cards offer rewards for specific products or services or even...
Have You Ever Wondered What the FICO Pie Chart Means? Fair Isaac created FICO Score models to rate an individual’s credit history. In 1989, the company began selling new business models and scoring models to banks and consumers. A pie chart allows factors...
Leveraging credit card points to save on travel expenses The dangers of credit cards and debt have been elaborated on in this blog. Credit cards and debt are challenging problems. Expecting an ordinary consumer, it has been agreed upon that an increasing number of...
The benefits of having a good credit score There is no one right way to build a strong credit score. However, some general guidelines can help you to improve your credit rating. Payment history is essential in determining your credit score, so it is vital to make sure...
What is the difference between a due date and a statement closing date? There are two dates to keep track of when paying your credit cards: the statement closing date and the payment due date. Both are important for saving money, avoiding charges and keeping a healthy...
