Interest
How credit rating affects interest rates
When opening a new credit card or applying for a loan, your credit history is of great importance. Your credit score plays a big role in determining whether you can get approved for a loan, as well as the interest rates you pay. If you’ve never thought about the relationship between credit score and interest […]
Credit card grace period: use it to avoid paying interest
There is no need to fight for a 0% interest rate financing offer with a new credit card issuer. In fact, with most credit cards, your grace period can help you finance major purchases and earn rewards when using one to two months of free credit by simply paying off your statement balance in full […]
As the Fed raises interest rates, how will it hit your wallet?
The Fed raised interest rates by 0.25% for the first time since 2018. As if that weren’t enough, the organization expects to bombard us with six more rate hikes over the course of the year. But why? As you must have heard inflation is currently at its highest level in 40 yearswhich makes everything from […]
Annual Interest Rate vs Interest Rate: Understanding the Difference Can Save You Money
Annual Interest Rate vs Interest Rate: What’s the Difference? Is it important to know? How do lenders calculate both? Which one should I use? These are all great questions. I have a good news! This post aims to introduce you to interest rates and annual interest rate, their differences and how they are calculated. The […]