How Many Credit Cards Should You Have?
Most people should have 2 to 4 credit cards. This range allows you to build a strong credit score, increase … Read more
Money Management
Fixed vs Variable Interest Rate: Which Is Better for Your Loan
Fixed vs better variable interest rate depends on your financial stability, risk tolerance, and market outlook. A fixed interest rate … Read more
Credit Card Debt Forgiveness Explained
Credit card debt can be forgiven after death if there is no money in the estate to repay it. Family … Read more
How Does Buy Now Pay Later Make Money
Buy Now Pay Later makes money primarily by charging merchants a fee on each transaction and collecting late payment fees … Read more
What Is the CIBIL Equivalent in the US, UK, and Canada?
The CIBIL equivalent in the United States, United Kingdom, and Canada refers to the credit bureaus and credit scoring systems … Read more
What Happens If You Max Out a Credit Card and How to Recover Fast
When you max out a credit card, you use all or almost all of your available credit limit. This increases … Read more
What is Debt to Income Ratio and Why it Matters
Debt to income ratio is a financial metric that shows how much of your monthly income goes toward paying debts. Lenders … Read more
How Banks Decide Your Loan Eligibility
Banks decide your loan eligibility by evaluating your income stability, credit score, existing debts, repayment history, age, and employment profile. … Read more
What Is Credit Score and How It Really Works
A credit score is a 3 digit number that represents your financial character. It tells banks and lenders how responsibly … Read more