The credit limit is the maximum amount of money you may charge on your credit card. This limit is mainly determined by your credit risk. So, it depends on the terms of your card, on your income and may be changed according to your credit history.

Can’t make your monthly credit card payments. It is important to understand what you can do in order to avoid late charges, increased interest rates and avoid having your credit score lowered. Taking the appropriate action can increase your ability to make future payments.

You know that having bad credit can increase your auto loan’s interest rate, but did you realize credit problems can in some cases nearly quadruple your car insurance premiums, too?

Good news for veterans of the U.S. military and anyone interested in an FHA loan — it just got easier to qualify for an FHA loan or VA loan if you have less than perfect credit. With Quicken Loans, you can now qualify for an FHA loan with a credit score as low as 580.  That’s one of the lowest qualifying scores you’ll find in today’s mortgage market and veterans and active members of the military can qualify for a VA loan with the low credit score of 620 as well.

Home ownership is a part of achieving the American dream. For many, the only thing standing between them and owning a home is a low credit score. Lenders rely heavily on FICO Scores when determining whether to fund a mortgage — low credit scores equate to high risk. Still, it isn’t impossible to get a mortgage with a low credit score.