Tag: credit
Where Are Payday Loans Banned?
Payday loans are a highly contested form of consumer lending. Advocate groups fight to protect them while consumer groups work to limit or eliminate them completely. Currently, 12 states have laws that either ban payday loans or have strict lending laws which make them unprofitable in the state. Their payday laws have been compiled into one infographic, created by loans.org.
Credit Score Basics
Credit score is one of the most important factors when applying for a mortgage loan. Basically, the credit score is a number between 350 and 850, calculated using a complex mathematical model composed of several indicators taken from the borrower’s credit history, outstanding debts, etc. Higher credit scores represent borrowers with less risk. This credit score infographic by Mortgage Kick presents the most important factors and shares excellent tips on how you can keep a high credit score to get approved for a mortgage.
Why You Should Switch and Save With Your Credit Cards
Do you use a credit card regularly? Do you think it is too much hassle to change providers? Check out this infographic from MoneySupermarket and see if you could be saving money every month.
10 Tips to Improve Your Credit Score
Are you applying for a credit card or mortgage? Is your credit score holding you back? Check out these top tips from MoneySupermarket and see if they can increase your chances of being approved.
Improve Your Credit Score, Improve Your Life
Your credit score may not be sensational or exciting, but your credit score is more important than you think. Credit scores are relevant to anyone who has ever applied for loans, insurance, apartment rentals, and credit cards. In other words, they’re relevant to pretty much everyone and can have a major impact on your financial life.
What a Credit Score Reveals About Your Potential Partner
More and more people are asking their dates for their numbers…not phone numbers, credit score numbers! These people know that like it or not, a credit score can tell a lot about a potential partner and they want to eliminate risky relationships before they even start. In the following infographic by CreditResource.com, you’ll find out what these credit savvy daters know and you’ll see why it’s important to ask for your date’s credit score rating. Before you invest time, emotions and money into a relationship, find out if your credit scores are compatible.
The Burdens of Bad Credit
The burdens of bad credit. Neglecting credit card and utility bill payments may temporarily relieve financial account-abilities, but is it worth the risk of paying the ultimate price in bad credit? Learn more in the following infographic from Go-AAGP.Org.
Paying Off Holiday Expenses
The eggnog is gone, gifts are on their way to being exchanged, and the thought of even one more cookie makes you see double. Yes, the holidays are over. But then you get your first credit card bill of the new year. Yikes! You didn’t realize you did that much shopping! Now what? No need to panic! Speedy Cash has some tips below that will help you pay off those holiday expenses.
2012 U.S. Credit Card Usage Statistics
In spite of the tough global economy, credit card usage is still growing. There are about 181 million credit cards in the US! Most people actually use it on travel expenses, and surprisingly only 1 in 5 use them to pay for bills. The following infographic from The Credit Examiner looks at some 2012 statistics on credit card use in the United States.
The Balance of Britain’s Breaks
Tesco Bank has collected some surprising facts about how Brits relax and how they pay for it. For example, did you know that if you were to stack all of the credit and debit cards in the UK, you would have a tower 50 times taller than the Burj Khalifa, the tallest skyscraper in the world? That’s a lot of cards!
If You’re in Debt, You’re Not Alone
Debt is not a pretty word by any means. More often than not, the word itself brings about increased stress, elevated blood pressure, and tension headaches to those who are struggling with debt. The economy has definitely seen better days and more people are turning to credit cards and/or loans to help ease the financial pinch. This course of action can sometimes lead to an unhealthy amount of unsecured or even secured debt.
How to Read The Schumer Box
What is a Schumer Box? It’s a cheat sheet for your credit card, an at-a-glance reference for fees, interest rates and other key points. But when it comes to personal finance, you sometimes need a cheat sheet on reading cheat sheets. NerdWallet did the homework for you: here’s our guide to reading and understanding the inscrutable Schumer Box.
Your Credit Score and Why It Matters
Your credit scores is essentially a summary of how well you pay your bills, how likely you are to pay loans back, and how much credit you can receive.This Infographic provides details on what can affect your credit score positively or negatively.
Credit Card Obstacle Course: How to Navigate Through the Holiday Credit Maze
Surviving the holidays is a feat — but surviving the holidays debt-free is something to be truly proud of. This Infographic will help holiday shoppers navigate and survive the typical obstacle course that retailers and credit card issuers set for customers, during the holiday season and beyond.
