The standard advice about how to build credit is to get a credit card and use it responsibly. This line is parroted over and over because it’s true, applying for a credit card and paying your balance in full every month is one of the quickest ways to prove yourself creditworthy. But if...
All too often, when you start reading financial advice articles, you hear one clear statement that comes through loud and clear: debt is bad! Steer clear of credit cards, because using them could financially ruin you! The truth, however, is more complex than that. While there are certainly some...
Your credit report holds the summary of your credit history and your credit score. If you have used a credit card or taken out a personal loan, then you have a credit history. Whenever you apply for any loan or borrow money, lenders use your credit report as part of their decision-making...
