Saving investment

How opening a CD can affect your credit

You take your money and your credit rating seriously. You probably know a thing or two about credit and how it works. You might think that saving your finances – like your savings account, certificate of deposit (CD), and other assets – isn’t affecting your credit. For the most part, …

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Try These Creative Strategies To Lower Your Debt Ratio

If you’re struggling to qualify for a personal loan, your debt-to-income ratio (DTI) could be to blame. Your DTI, often expressed as a percentage, compares your debt payments with your gross income each month. Loan companies carefully review your DTI before approving your application. If the ratio is high, lenders …

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