Term: Interest Rate
3 found

Can My Credit Card Company Raise My Interest Rate?

By Steven Shaw on 2/27/2015

 Can My Credit Card Company Raise My Interest Rate?

The recent announcement from American Express that it will raise interest rates for more than 1 million cardholders has a lot of people asking questions, like how this change will affect them or whether or not this could be the start of an industry-wide trend.

APR
Credit Card
Interest Rate

What Credit Score Do I Need to Buy a Car?

By Steven Shaw on 9/12/2014

What Credit Score Do You Need to Get An Auto Loan?

You know it’s time to for a new vehicle, but there’s one thing holding you back: your credit. You aren’t sure what credit score you need to buy a car. If you absolutely must get another vehicle, you can probably find a way to finance it. The real question is what it will cost you. The better your credit, the better your options, and a big factor will be your credit scores.


 

auto loan
Car Loan
credit score
Interest Rate

How Much Does Your Credit Score Cost You?

By Steven Shaw on 9/4/2013

credit score

You’ve heard that not having a great credit score can be costly, and you probably know intuitively that it’s true. But how much can it cost you? An extra $4,000 a year? That’s not an exaggeration.

Let’s take a look at some of the ways your credit score can directly impact your pocketbook. We’ll use purely hypothetical borrowers: Jerry has excellent credit, Elaine’s credit score is fair, while George’s is poor. But the examples of the money they may save (or pay) are very real.

credit score
Auto Insurance
auto loan
Credit Card
Interest Rate
Mortgage