Certain âcash-likeâ credit card transactions are considered cash advances and trigger higher interest plus a cash advance fee. Examples include depositing convenience checks, purchasing money orders, using your credit card for overdraft protection and sending money through certain payment apps. Many credit card issuers allow you to use your credit limit to access cash. This … Read more
Your credit health impacts your financial well-being and ability to achieve long-term financial goals. By regularly checking your credit report and score, and increasing your financial literacy, you will know what areas to focus on to develop a strong credit profile. Your credit score is one of your most important financial metrics It gives lenders … Read more
Navigating the finance system in a new country can be daunting. You have to learn new tax rules, set up a bank account, and learn how best to manage your money. You also need to understand how to protect your money from theft and loss within the UK banking system. Whether youâre at the start … Read more
Credit Karma promises to provide you with your credit score and credit report for free. But is it giving you the same information that a lender will access if youre applying for a mortgage or a car loan? And for that matter, is it giving you anything that you cant get elsewhere? To answer those … Read more
If you’ve got a 627 credit score, you might be wondering if that’s a good score or a bad score. According to Equifax Canada, one of the country’s two major credit bureaus (organizations that issue credit scores), a 627 credit score falls within the range generally considered to be a fair to decent credit score. … Read more
In today’s digital world, keeping your financial information private is more important than ever. Your bank account details contain sensitive data that could allow criminals to steal your money or identity if obtained. So are bank account details confidential, or can banks share your information? What can you do to safeguard your financial privacy? This … Read more
Having a good credit score is important for getting approved for loans and credit cards in Australia. But what exactly is considered a “good” credit score? This article will explain what credit scores are the different credit score ranges used in Australia and tips for improving your credit score. What Is A Credit Score? A … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. The advice in this article is offered by the team independent of any bank or credit card … Read more
A debt in collections appears on your credit reports for seven years from the month of the first missed payment that triggered the collection effort. A collection account can damage your credit scores, but its impact will lessen over time. A debt in collections remains on your credit reports for seven years from the month … Read more
Having access to credit is crucial for most consumers looking to purchase a home, car, or other large expenses. Your credit reports and scores play a significant role in determining your access to credit and its cost. So it’s understandable that consumers want to know how different credit accounts and loans impact their credit records. … Read more