How to Negotiate Credit Card Debt Settlement Yourself
Introduction Debt settlement is a process of negotiating with creditors to pay less than the full amount owed. It typically applies to unsecured debts like credit cards, medical bills or personal loans. It is often used as a last resort when a borrower can’t afford to pay off their debt in full. What to Know […]
The Best Credit Cards for Those With a Low Credit Score
Credit scores are essentially a measure of how likely a person is to repay money they’ve borrowed. The higher a person’s score, the greater the likelihood that they will repay what they owe. Maybe you missed some payments. Maybe you maxed out your card and your credit score has taken a few hits. That’s okay, […]
Credit Card Fraud Protection: How to Protect Yourself Financially
Introduction Credit card fraud is a common financial crime. Credit card fraud occurs when a person uses someone else’s card or card information to make unauthorized purchases or withdrawals. Aided by advancements in digital technology, criminals have developed increasingly sophisticated methods to steal your financial information. It’s becoming more important than ever to be vigilant […]
What is a Personal Line of Credit? Full Guide
Introduction When you’re faced with the unexpected, but important expenses, the good news is that there are several financing options out there. The real dilemma is deciding which one is the best solution for you. That decision depends on your answers to the following questions: Let’s jump in with this easy personal line of credit […]
The Best Ways to Build Good Credit Over Time
Building back your credit score after some missteps, risk-induced decisions, or mistakes takes time. However, with the right strategy and discipline, it is more than possible. In this PDS blog, we explore the most important variables that impact your credit score, and the best ways to sustainably and consistently improve your credit score over time. […]
How Many Credit Cards Should I Have, Anyway?
Your credit score can have a significant impact on your ability to get a mortgage, job or insurance products. How you manage available credit is one of the primary influences on your credit score. If you have credit cards, it’s important to understand how they impact your credit score and how to use them responsibly. […]
How do Loan Terms Affect the Cost of Credit?
What are loan terms and conditions? Typically, loans carry specific terms and conditions that the borrower must meet. When taking out a loan a person has agreed to the terms and conditions from the borrower. Loans have several components including loan duration, interest rate, payment structure, fees and penalties. Loans can be either secured or […]
How APR Affects Credit Card Repayment – A Full Guide
Decoding What Is APR Credit Card: Your Credit Card Cost Companion Credit cards are handy, especially when you need to make a purchase and don’t have the cash on hand. But they come with a catch, which is interest. That’s where APR comes in. What Does APR Mean on a Credit Card You may ask, […]
Why It’s So Difficult to Get Out of Credit Card Debt
Daily Compounding Interest and Credit Card Debt: How to Reverse the Cycle Credit cards offer an appealing mix of convenience, added purchasing power and tantalizing reward programs. But there can be a dark side to credit card use, as many credit card users end up struggling with debt. The first step to escaping credit card […]
Revolving vs. Installment Credit: What They Mean
Debt typically falls into two categories: revolving debt and installment debt. Understanding how each works can help you manage your finances and make informed decisions. What is Revolving Debt? Revolving debt gives you access to a credit line that you can borrow from, repay, and borrow again—much like a cycle. There’s usually a credit limit, […]