How much credit does the average person have? The Center for Financial Services Research found that an average of 87 percent of Americans hold four credit cards. But is this the correct number for you? Here are some tips to help you decide. Suppose you already have...
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...
5 Tips For Using Credit To Build Wealth Based on the Spectrem Group, there were about 7.5 million millionaires in the USA in 2005. Utilize your credit score to leverage assets for wealth generation; 1 percentage point could be responsible for saving you between $20...
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...
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...
