interest rates
How minimum payment is determined on credit card
124
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Towards the beginning of 2003 (in the Jan-Feb timeframe) the Office of the Comptroller of the Currency (OCC) changed regulatory guidelines to force banks and other financial institutions to increase monthly minimum payments to cover at least 1% of the principal balance above and beyond all fees and interest incurred. Most banks prior to this used to charge 2-3%. Read more »
Boost your credit score
141
vote
You need to have great credit to take advantage of today's lower interest rates. The following are some tips to boost your credit score.
Your credit score is incredibly important to your financial life. It determines whether you get loans, the interest rate you pay on those loans, and the terms you get for any borrowing. It can also determine whether or not you can get an apartment; it can help determine your insurance rates or premiums; employers can look at this also to determine whether or not to give you a job, or to promote you.
Read more »
Your credit score is incredibly important to your financial life. It determines whether you get loans, the interest rate you pay on those loans, and the terms you get for any borrowing. It can also determine whether or not you can get an apartment; it can help determine your insurance rates or premiums; employers can look at this also to determine whether or not to give you a job, or to promote you.
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