One of the key factors included in a credit score is called “credit utilization.” Credit utilization is the percentage of what you currently owe divided by your credit limits.
In simplest terms, credit is your ability to borrow money with the understanding that you'll pay it back later, typically with interest added on.
If you’re in the market for a vehicle, one of your first decisions might be whether to buy new, buy used, or lease. There are lots of things to consider, including cost, driving habits, and personal preference.
Now more than ever, it’s important to check your financial accounts and credit reports regularly. For most people, managing finances is business as usual with no surprises. But sometimes mistakes happen.
If you’re a homeowner, you could be sitting on a great source of low-cost funds for home improvement projects or other expenses.
With mortgage interest rates reaching historic lows, many homeowners are taking advantage of this opportunity to refinance their current home loan.
A credit card is a convenient payment option that allows you to purchase necessary items now and pay later.
A credit score helps lenders, like Pyramid, predict how likely you are to pay back a loan on time.