Being in debt, an already stressful condition to be in, can bring along with it a horde of other unpleasant side effects, like a phone ringing off the hook because of calls from collection agencies and a mailbox exploding with letters of credit card settlement notices. Even though these things can be miserable to [...]

Are you curious to know how your credit works? Do you want answers to the mysterious questions that have to do with your credit? There are things you should already know and things that will help you with your credit like the answer to, does paying credit card off every month improve credit score? [...]

Finance charges are calculated by applying a Periodic Interest Rate to the outstanding balance of the account. Because the balance changes every time a customer makes a purchase or sends in a payment, there are many methods that banks use to calculate average balances.
The periodic rate is calculated by dividing the annual percentage rate [...]