What is Fair Credit?

What is Fair Credit?

What is Fair Credit? The Fair Credit Reporting Act (FCRA) is a federal law that promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies (CRAs). Checkout this video: Understanding Fair Credit Fair credit is an important concept because it determines the interest rates you’ll pay on loans and the…

What is APR on Credit Cards?

What is APR on Credit Cards?

APR is the interest rate you’ll pay on your credit card balance if you don’t pay it off in full each month. Find out more about how APR works and how it can impact your finances. Credit Cards?’ style=”display:none”>Checkout this video: APR Basics APR, or Annual Percentage Rate, is the interest rate you’ll pay on…

What is the Amount of Money You Still Owe to Their Credit Card Company Called

What is the Amount of Money You Still Owe to Their Credit Card Company Called

If you’re like many Americans, you probably have at least some debt to your credit card company. But what is this debt actually called? Read on to find out. Checkout this video: The Outstanding Balance The amount of money you still owe to your credit card company is called the outstanding balance. This is the…