Tag Archives: credit score

What is an APR?

The Annual Percentage Rate (APR) is a measure of how much it will cost you to borrow money. APR is used for credit cards and loans of all kinds, and it combines the interest you will pay throughout the year plus any fees, expressed as a percentage of your principal loan amount. APRs are useful when it comes to comparing offers from different lenders…

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Credit card preapproval vs. pre-qualification

When you’re considering applying for a credit card, it’s helpful to know beforehand whether you have a good chance of getting approved, especially if you aren’t sure your credit score is high enough. That’s because applying for a credit card typically means a “hard pull” on your credit, which can cause your score to take a temporary dip.

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Best ways to pay a large credit card bill

Getting a large credit card bill – whether anticipated or not – can be alarming. However, paying down a large credit card bill can be easier than you think. It just takes a solid, realistic plan and a dedication to budgeting.

Large or growing credit card debt can be detrimental to your finances in multiple ways. For one, carrying a large balance could negatively affect…

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