revolving credit
Breaking down your Credit Score – A Quick & Easy Guide
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Square one – What is a Credit Score? The majority of people understand the basics, like how failing to make a payment will cause your score to go down, but there are a number of complexities that trip up the average consumer. If you pay your debts on time, don’t carry too much debt on […]

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Using Collateral on a Personal Loan
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There are a lot of reasons someone might need an injection of cash and seek out a loan from a bank: For emergencies, home repairs, to pay off credit card debt with a lower interest rate loan. One consideration when taking out a personal loan is whether it is secured or unsecured. A secured loan […]

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10 Credit Card Rules You Should Know
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If you’re like the 40% of credit card holders the American Bankers Association refers to as “revolvers,” you probably carry at least some debt from month to month. And if you’re a typical American, according to Experian, you have an average balance of $5,897 , with an additional $2,044 on a couple of retail credit […]

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Survey: one in four seniors wish they had taken this basic financial advice sooner
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The philosophy “live life with no regrets” can help people embrace the present instead of ruminating about the past or worrying about the future. However, […]
What is Revolving Debt?
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Although you have to pay back any money you owe, not all debt is created equal. There’s installment debt, like an auto loan, mortgage, or student loan, which is paid off in installments. Then there’s revolving debt, which applies to things like credit cards and home equity lines of credit. Non-revolving and revolving debt affect […]

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What is a Home Equity Line of Credit?
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As housing prices continue to rise homeowners are looking into how they can leverage their home’s equity to receive low-interest financing. A home equity line of credit, or HELOC, is a great way to gain access to a line of credit based on a percentage of your home’s value, less the amount you still own […]

The post What is a Home Equity Line of Credit? appeared first on Credit Absolute.

How Do Student Loans Affect Your Credit 
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As a young person just out of college, you might be wondering, how do student loans affect your credit? Well, the impact of these loans can either be positive or negative. It all depends on how you manage the loan’s repayment. While in college, the loans may quite helpful, but after graduating, everything changes. Missed […]

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How to Avoid Paying Credit Card Interest
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Technology has advanced at nearly light speed over the last few decades, causing the bulk of the industrialized world to go from analog to digital […]
How to Avoid Paying Credit Card Interest – Lexington Law
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With the average credit card charging double-digit interest rates, your futuristic payment method could end up costing you hundreds in old-fashioned interest fees if you’re not careful. Thankfully, several methods exist for avoiding those outmoded interest charges and making the most of modern payment technology.
Ways to Successfully Manage Your Credit Utilization Rate
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When you think of your credit score, you may not consider how this number is calculated or how your actions play a role. Simply put, every credit score is made up of certain criteria, and each criteria can cause an increase or decrease in credit score. With credit utilization being one of the things that […]

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