We have all been there. At one point or another, everyone has opened a credit card statement and gasped at the balance, wondering how it got so high? How did all the little transactions add up so quickly? And how am I going to get out of this mess? From online shopping to COVID-friendly contactless payments, modern society has our credit cards working overtime, wracking up debt and interest obligations that are unfriendly […]
The amount of credit card accounts you own along with the length and quality of your credit history affect your credit score. They show your ability to manage your budget regularly over time, even when you’re offered opportunities to go beyond your budget. If you never borrow money at all, it’s difficult for creditors to anticipate how reliable you’ll be when you do.
Credit card issuers report your account and […]