A credit card is a type of payment card that allows the cardholder to borrow funds from the card issuer. These borrowed funds are then used to make purchases or withdraw cash. Credit cards typically have a credit limit, which…
A credit score is a numerical representation of an individual’s creditworthiness. It is used by lenders to determine whether to extend credit to a borrower and, if so, the terms of the credit, such as the interest rate. A high…