The credit bureau most used by lenders is called the Fair Isaac Corporation (FICO) score. It’s a numerical representation of your creditworthiness, and it’s used by lenders to determine whether or not to give you a loan. Checkout this video: The Three Major Credit Bureaus There are three major credit bureaus in the United States:…
The Advance Premium Tax Credit (APTC) is a refundable tax credit that helps eligible individuals and families cover the premium costs of their health insurance. Checkout this video: Introduction The Advance Premium Tax Credit (APTC) is a refundable tax credit that helps eligible individuals and families pay for health insurance purchased through the Health Insurance…
Applying for a Wells Fargo credit card is easy. You can either apply online, by phone, or in person at a Wells Fargo branch. However you choose to apply, you’ll need to provide some basic information about yourself, including your name, address, and Social Security number. Checkout this video: Research the best Wells Fargo credit…
A virtual credit card is a credit card number that is generated by a financial institution. It can be used for online shopping just like a regular credit card, but it is not physically issued. Checkout this video: Introduction A virtual credit card is a credit card that exists solely in digital form. You can…
A line of credit loan is a loan that is extended to a borrower with a limit on how much the borrower can spend. Checkout this video: What is a line of credit loan? A line of credit loan is a loan in which the borrower is allowed to borrow up to a certain amount…
If you’re wondering how long it takes for your credit score to update, the answer depends on a few factors. Keep reading to learn more about credit scores and how often they’re updated. Checkout this video: How long does it take for your credit score to update? Your credit score is a number that represents…
If you’ve ever been the victim of credit card fraud, you may have experienced a chargeback. But what is a chargeback? In this blog post, we’ll explain everything you need to know about this process. Checkout this video: What is a chargeback? A chargeback is a refund of the amount of a purchase that has…
A credit card statement is a monthly report from your credit card issuer that lists your activity for the billing period. Credit Card Statement?’ style=”display:none”>Checkout this video: What is a Credit Card Statement? A credit card statement is a monthly or quarterly report that shows all the activity on your credit card account for a…
Bad credit can make it difficult to get approved for loans, credit cards, and other financial products. If you’re looking to improve your credit score, there are a few key steps you can take. In this blog post, we’ll outline 5 steps you can take to repair your credit. Checkout this video: Get your credit…
You may have recently applied for a new credit card or loan and been curious about how long inquiries stay on your credit report . Checkout this video: How long does an inquiry stay on your credit report? An inquiry is when a creditor checks your credit report before making a lending decision. An inquiry…