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Thursday, February 18, 2021

Credit Cards For Bad Credit Scores

Once you have bad credit, it is very hard for someone to get a loan. Since there is no collateral, the lenders are afraid that if they give you a card, you might not be able to pay the bills in the long run. You need to find some ways to get your bad credit behind you. This can be done with a secured card. A secured credit card does not require you to put any collateral. This means that if you do not pay your bills, the companies will take your card...

What You Need To Know About Credit Limit

Lenders use your credit limit as a gauge on two different aspects of your credit. On the one hand it helps them determine how much credit they are willing to extend and on the other it helps them determine how much they are willing to lose if they are stuck in unpaid balances. How do they determine how much they are willing to lose? This works on a percentage of your total balance. For example if your credit limit is $300 and your balance is lengthened...