Credit card rewards programs can be both a blessing and a curse, depending on how they are managed. While some consumers can reap significant benefits from these programs, others may find themselves falling into a debt trap. In this article, we will explore the various advantages and disadvantages of credit card rewards programs, incorporating the…
A credit score is a numerical representation of your creditworthiness. It is used by lenders to determine your risk as a borrower and is calculated based on various factors such as payment history, credit utilization, length of credit history, and more. Your credit score ranges from 300 to 850, with a higher score indicating a…
If you are unfamiliar with the FICO score, it is the most widely used credit score in the US, with more than 90% of top lenders using it to make lending decisions. Fair Isaac Corporation (FICO) created the FICO score about 30 years ago, and you can read all about it from the official website.…
After I wrote a few articles about building credit scores for expats in the US, a few people reached out to me to share that they wished they had read my article before arriving in the US. Now that they are here, they can not follow some of the advice. If you are in this…
When it comes to credit reports, most people don’t give them a second thought – until something goes wrong. If you’re an expat in the US, though, credit report freezes are a must. A credit report is a record of your credit history that includes information about your credit accounts, payment history, and credit utilization.…