Your credit score is an essential indicator of your creditworthiness and is examined by lenders to assess your credit risk…
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When you have a past-due account, you must catch up on your payments and owe a balance to your creditor.…
No debt is okay for your credit score. Being debt-free can be a positive factor when it comes to your…
Loan deferment, loan moratorium period, and loan forbearance are all options available to borrowers struggling to pay their loans. Despite…
Determining how “poor” a credit score is can depend on various factors, including the scoring model used and the lender’s…
The debt-to-income ratio (DTI) and fixed obligation-to-income ratio (FOIR) are two financial metrics lenders use to assess a borrower’s creditworthiness.…
The cost Inflation Index (CII) is a measure of inflation used to adjust an asset’s purchase price for the effect…
Inflation is a term that describes the rate at which the general level of prices for goods and services rises…
Credit utilization is a term used to describe the amount of credit a person currently uses for the total amount…
A credit mix is the variety of credit accounts a person has on their credit report. The credit mix is…