According to the Credit CARD Act, your due date must be on the same day each month (for instance, the 7th of each month). In some rare cases, a card issuer may choose to change the payment due date because of business reasons. It’s quite common for issuers to allow…
Beginning January 15, 2022, private health insurers will be required to help those that they insure the costs of at-home COVID-19 testing kits, according to White House Secretary, Press Secretary, Jen Psaki. Medicaid and CHIP (Children’s Health Insurance Program) are already required to cover COVID-19 testing to their members. The…
A secured credit card is a great way for someone to build or rebuild credit if they have a poor credit history or little to no credit history. The main difference between secured credit cards and unsecured credit cards is that a secured card is “secured” or backed by the…
Because of the COVID pandemic, each week, you’re able to access AnnualCreditReport.com to obtain three free credit reports (one from each of the three major credit bureaus, which are Experian, TransUnion, and Equifax). The three bureaus initially intended to provide the service until April of 2021, but it was extended…
As the popularity of Buy Now, Pay Later (BNPL) continues to grow, the three major credit bureaus (Experian, Equifax, and TransUnion) want to see these accounts reported to consumers’ accounts so that lenders can see a more complete picture of consumers’ credit history. Buy Now, Pay Later loans are short-term…
When you close an account or tradeline, you retain the age of that tradeline for 10 years. But, you could still be negatively impacted by a closed account. For instance, closing a credit card will result in a higher utilization rate due to the credit limit from the closed account…
If someone is considering extending credit to you, they may view your credit report to analyze your credit history and determine how much credit they’ll extend. Why do variations of the term “credit inquiry” matter? Anyone accessing your credit report will be able to view not only your credit history,…