What Does Trade Line mean? Every credit card, loan, line of credit, or lease you have ever had is recorded on a Trade Line of your credit bureau report. Each trade line has a repayment summary which calculates the number of times your payments were late (30, 60 and 90 days), the amount of the [...]

This is a basic little description and definition of what a cash advance is, and why you would get one, or need one. Credit cards are everywhere and they can definitely be a source of quick cash in the form of a cash advance. Cash advances can be obtained at ATMs or by using checks [...]

The definition of installment loan = a loan whereby the borrower pays back the lending institution in incremental payments. Usually these “installment payments” are made on a monthly basis or a biweekly frequency. Borrowers who need an installment for $1,000, $2,000, $3,000, $4,000, or $5,000 – $10,000, will often find the lenders demanding payment in [...]

Bounce protection is a completely different banking product than overdraft protection. Banks advertise this as a product that will allow customers to overdraft their account to a set amount ranging from $500 to $1000.

One of the best guides to your credit score is the web site of the Fair Isaac Company that developed their scoring method at www.myfico.com. They call it the FICO. Each of the three main credit bureaus has a different name for it. Each Bureau also has subtle differences in how they calculate your personal [...]