Many people turn to debt management agencies as a way of restructuring their debt. The goal of rearranging debt is to eventually pay off the amount owed and prevent the necessity of filing for bankruptcy. However, not everyone makes the most of debt management. This can lead to situations where more debt is accumulated and […]

What is a credit score? A credit score is a number that lenders, landlords and prospective employers use to predict how an individual will handle obligations like repaying a loan or paying rent on time. How is my credit score used? When you apply for credit, the lender uses your FICO score to measure risk […]

Quite recently people have been seeing the nominal interest rate on their credit card statements which is usually lower than their annual percentage rate due to the need for certain fee disclosures. The nominal interest rate is your rate on your credit card. The annual interest rate, if higher, usually is because of a fee […]