A cash advance on a credit card is when a credit card holder borrows money against the accounts line of credit. It may not be the cheapest way to get a loan, but it is among the easiest. Because they tend to come with higher interest rates and fees, it’s important to understand how credit … Read more
You can pay off your car loan faster using several strategies, including refinancing your car loan, making biweekly payments, putting money toward extra lump-sum payments and canceling add-ons. If youre anxious to remove your auto loan from your list of debts, there are ways to do it more quickly. You can pay off your car … Read more
Credit scores are three-digit numbers designed to represent how likely you are to repay a lender on time. Potential lenders and creditors look at your credit scores as one factor when deciding whether to offer you new credit. Lenders may also use your credit scores to set the interest rates and other terms for any … Read more
Owing back taxes to the IRS can feel overwhelming You may be wondering how much time you actually have to pay off what you owe and avoid penalties. The good news is that the IRS provides flexible repayment options to help taxpayers in this situation In this article I’ll walk through the different payment plans … Read more
If you’re a new credit cardholder, you’re likely wondering, “what does available credit mean?” Available credit is the amount of your credit limit you can use in a billing cycle. As your balance changes, this amount will also change. For example, if your credit limit is $0, you have no credit available for purchases and … Read more
There are no penalties if you’ve accidentally paid more than you owe, and there are laws in place that require issuers to refund your overpayment. Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not … Read more
Here’s some good news: If you have a 696 credit score, you’re sitting firmly in what is considered the “good” range using both FICO® and VantageScore credit scoring models. And that could make it easier for you to qualify for a credit card or loan. But because 696 is still a bit lower than the … Read more
A hard credit inquiry can have a small, temporary impact on your credit score But just how many points can one inquiry cost you? Let’s take a closer look What Is a Hard Credit Inquiry? A hard credit inquiry, also known as a hard pull or hard credit check, happens when a lender checks your … Read more
If your credit score is 715, you are right in the middle. According to Experian, the average American consumer has a FICO Score of 714 as of 2021, and anything in the range of 670 to 739 is generally considered to be a good credit score. Most lenders consider an 715 credit score to be … Read more
Sammi Sullivan is a staff writer for debt.com. Originally from the Chicagoland area, she holds a B.A. in Liberal Arts and Sciences from the University of Iowa with a concentration in theater and psychology. Her experience as a writer spans across diverse industries, from fashion and beauty to education, entertainment, and personal finance. Sammi’s a … Read more