by GTDadmin | Jul 13, 2021
A credit card is a plastic card that lets you access a line of credit offered by a bank. The money you have available on the card is borrowed from the bank, and you have to pay it back over time or at the end of the month, depending on the terms. For example, you need...
by GTDadmin | Jul 13, 2021
A bank looks at 5 things when deciding whether or not to approve a loan, called the “Five C’s of Credit”: Credit History: This tells them how consistently you’ve made payments on any loans, credit cards, or mortgages in the past. Capacity: The...
by GTDadmin | Jul 13, 2021
A debit card is a plastic card that helps you quickly access the funds in your bank account through an ATM or by making purchases. A debit card is protected by a pin number that you have to enter when accessing your account through an ATM and sometimes when making a...
by GTDadmin | Apr 13, 2021
Pay your bills on time. Make frequent and consistent payments. Ask for a higher credit limit while keeping your balance the same. This shows you’re not using the full amount you’re approved for, which reflects responsible credit use. Fix errors on your...
by GTDadmin | Apr 13, 2021
Your credit report helps lenders (like banks and credit card companies) determine how likely you are to pay your monthly payments on time. A credit report tells lenders: The loans or credit cards you have and how much you still owe. How consistent you are with...
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