A co-signer is someone who agrees to make a loan on behalf of another person. The co-signer should be financially responsible for the loan, but the responsibility may be shared. The amount borrowed is a “deemed debt” and the co-signer…
As an alternative to withdrawing the transaction after receipt of funds has taken place, at times, it is advisable to instantly cancel the transaction after receiving money before the transaction gets confirmed by your bank. This way, you are able…
Introduction– Credit Card Frauds One of the biggest problems associated with credit cards is fraud. For this reason, it is crucial that you monitor your credit card activity and learn as much as you can about the cards you are…
What is a credit score and how do you access them? For many, and possibly most of you, your credit score will not impact your day-to-day life. However, the world of credit scores and financial analysis is a complicated and…
The typical consumer purchasing a home is completely subject to a score that is given by the Federal Housing Finance Agency (FHFA). It’s the reason that mortgage lenders have to consider things such as debt-to-income, assets, and credit score when…
A credit report is a report created to evaluate the information provided by a person or institution about the credit worthiness of the individual or institution. It is therefore different from an account statement, that has the same details as…
Just when you thought credit card owners were few, you see they are billions in this world. They have been around for ages and in various forms. Credit cards continue to gain popularity as they are an easy way to…
Credit cards can be a wonderful way to get that early introduction to a financial relationship with a credit lender that can ultimately bring you many forms of financial freedom. When applying for a credit card for the first time,…
We’ve all heard horror stories about credit card fraud and were on the edge of our seats as we read each account. To avoid becoming a victim yourself, make sure you know what to look out for when selecting a…
Unlike cash, credit cards are not your only means of payment. It’s easy to get carried away with how many credit cards you have and overspend when you’re not monitoring your spending. We know this to be true from experience….