by Ean | Oct 13, 2021
This is the duration of the credit repayment period, i.e. how long you have to repay the money you borrowed and its interest.
by Ean | Oct 13, 2021
Interest is the charge or percentage that you’ll pay for borrowing the money on top of your primary borrowed amount.
by Ean | Oct 13, 2021
Like a credit card, open accounts are credit accounts that you can borrow from (with a maximum limit) but which must also be paid back in full each month. Examples of open accounts in the context of debt include: Loan accountOverdraftCredit cardsRevolving loanHome...
by Ean | Oct 13, 2021
A record of your previous credit lines, including money that you borrowed and details on your repayments, such as whether you paid back on time or not.
by Ean | Oct 13, 2021
Your credit score is a number attached to your personal credit report, which is calculated based on your ability to pay back any money borrowed. The higher the score, the better you look to potential lenders.
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