How is Line of Credit Interest Calculated?

When you use money given out by a lender, you pay interest. It represents the cost of using the credit facility.  Most consumers are concerned about how interest is charged to determine if the lender is using the appropriate approach. So how is line of credit interest calculated? This article will show you the basis… Continue reading How is Line of Credit Interest Calculated?

Will Paying Off a Loan Improve Your Credit Score?

When you are carrying several loans plus credit cards over your shoulders, you might think you are drowning in debt and the best way to improve your credit score is by paying up your biggest loans. There are different types of loans you might have at the moment, it can be a student loan from… Continue reading Will Paying Off a Loan Improve Your Credit Score?