High interest rates and elevated inflation since the US Federal Reserve’s aggressive monetary tightening campaign have translated to more missed payments and rising debt levels. Moreover, last year’s average FICO credit score declined for the first time in a decade, as outstanding credit card balances transitioning to delinquencies have continued to increase since 2022. A … Read more
Business credit cards are generally issued in your company’s name and used to carry out business expenses. You repay the outstanding debt using company funds, which impacts your company’s business credit score. Business credit scores are different from personal credit scores. Furthermore, defaults on a business credit card won’t make you personally liable for any … Read more
A Reddit user expressed shock in a post after finding out he could pay for milk and bread in instalments. Financing for milk and bread? Yes, you read that right—Klarna’s “Shop Now Pay Later” app allows you to buy groceries and shop for almost anything from top brands across the globe, such as Nike, Instacart, … Read more
Have you ever witnessed your credit score drop despite making timely credit card and loan repayments? Your credit score is determined by several factors apart from your repayment history. Your FICO credit score ranges from 300 to 850 and is checked by lenders when you apply for a loan, credit card, or mortgage. A score … Read more
Your first credit card is a significant step towards financial independence. While it’s relatively easy to obtain one with a job, it’s crucial to understand that it’s equally easy to accumulate debt rapidly. However, by using your credit card wisely, such as maintaining a low credit utilization and making timely repayments, you can actively build … Read more
After launching in 2021, last year, financial platform Neon Money Platform became the first Black-owned tech business to bring out a credit card with AMEX. One of its other initiatives was to connect “financially like-minded” singles with an excellent credit score, so Neon Money Club launched its dating app, Score. Since then, the financial platform … Read more
Michelle Jeraline says she’s so stressed out by the pressure to sell customers products at TD Bank, it’s affected her health. The TD employee says she’s usually not acting in the best interest of her clients — she’s trying to sell them products that will help her meet sales targets and keep her from being … Read more
A main organizer of the “Freedom Convoy” is suing the federal government for using the Emergencies Act to freeze his bank accounts, arguing it breached his Charter rights to protest COVID-19 mandates. Chris Barber, who owns a trucking company in southwestern Saskatchewan, filed last week a statement of claim in Court of King’s Bench in … Read more
