Buy Now Pay Later, or BNPL Companies, are suitable for people who usually do not have the money to buy something right away. If you are looking for a new flat-screen TV, but don’t have enough cash on hand to...
Credit card churning is not illegal or unethical. Cardholders might even see it as part of the game since credit card issuers earn massive profits each year. The credit card industry had $176 billion in profits in 2020. However, credit...
Credit inquiry can drop your credit scores temporarily. However, too many inquiries can seriously affect your VantageScore and FICO, with the latter being used by 90% of lenders. As a result, lenders, mostly credit card issuers, can deny you future...
Credit card interest rates can be as high as 29 percent. The interest is often compounding daily on average credit card balance, making the debt grossly expensive to service. The debt can get even costlier depending on the type of...