Your contactless credit card is a very convenient way to pay for purchases. Here’s how to use your contactless credit card and what you need to know about this new way to pay. Checkout this video: Overview If you have a credit or debit card, you may have noticed a little symbol that looks like…
If you’re considering taking out a loan or using a credit card, it’s important to understand what consumer credit is and how it works. In this blog post, we’ll explain what consumer credit is and how it can impact your finances. Checkout this video: Introduction Consumer credit is a form of revolving credit that can…
A secured credit card is a type of credit card that is backed by a deposit you make with the card issuer. The deposit is usually equal to your credit limit. Checkout this video: What is a secured credit card? A secured credit card is a type of credit card that is backed by a…
If you’re looking to rent a new home or apartment, you may be wondering what a credit reference is and why it’s important. Here’s everything you need to know about credit references on a rental application. Checkout this video: What Are Credit References? Credit references are third-party accounts that show a prospective landlord your creditworthiness….
If you’re wondering why your credit limit increased, it’s most likely because you’ve been using your credit card responsibly. creditors often raise credit limits for cardholders who have a good track record of making on-time payments and keeping their balances low. So if you’re wondering why your credit limit increased, it’s probably because you’re doing…
If you have bad credit, you may be wondering how to get a bad credit auto loan. Here are some tips to get you started. Checkout this video: Introduction If you have bad credit, you may still be able to get an auto loan by working with a subprime lender. These lenders work with borrowers…
The Earned Income Credit is a tax credit for low- and moderate-income workers. The credit is designed to supplement these workers’ wages and encourage work. The credit is based on earned income and the number of qualifying children in the household. For 2021, the maximum credit is $3,582 for taxpayers with one child, $5,728 for…
Checking your business credit score is an important step in understanding the financial health of your business. Here’s how to check your business credit score and what it means for your business. Checkout this video: What is a business credit score? Your business credit score is a numerical representation of your business’s creditworthiness. Lenders, vendors,…
The Lifetime Learning Credit is a tax credit worth up to $2,000 per year for eligible taxpayers who are enrolled in an eligible educational institution. Checkout this video: The Lifetime Learning Credit (LLC) is a federal tax credit that helps offset the cost of post-secondary education. The Lifetime Learning Credit (LLC) is a federal tax…
A credit balance on your credit report is when the sum of all your credit accounts is more than the sum of all your debts. This is a good thing! Checkout this video: Introduction A credit balance is an amount of money that is owed to you. This can happen for a variety of reasons,…