Questions tagged [credit]

ShintoSanctum Sat Oct 26 2024 | 6 answers 1684

I'm trying to figure out whether professional fees should be classified as debit or credit in accounting. I need to know how these fees are typically recorded in financial statements.

SamuraiCourageous Thu Oct 24 2024 | 7 answers 1933

I'm wondering if Rise, the company or service I'm considering, conducts a credit check or pull as part of their process. I need to know if my credit score will be affected by interacting with Rise.

Dario Sat Oct 12 2024 | 6 answers 1301

I'm wondering if using ace cash, a short-term loan service, will have any impact on my credit score or credit history. I want to understand if there are any potential consequences before I consider this option.

Chloe_thompson_artist Sat Oct 05 2024 | 6 answers 1405

I'm curious to know, does the Step app actually help build credit for its users? I've heard some claims that it can improve credit scores, but I'm hesitant to invest my time and money into it without some solid evidence. Can you provide any insight into how the app works and whether it's truly effective in boosting creditworthiness? Additionally, are there any potential risks or drawbacks that I should be aware of before signing up for Step?

Rosalia Thu Oct 03 2024 | 6 answers 1465

Have you ever considered taking out a Home Equity Line of Credit (HELOC) to finance a project or consolidate debt? While it can be a convenient way to access funds, you may be wondering if it's bad for your credit. The answer isn't straightforward, as it depends on how you use and manage the HELOC. On one hand, a HELOC can improve your credit utilization ratio and credit mix, which are important factors in determining your credit score. However, if you use the HELOC to accumulate more debt than you can afford to repay, it can negatively impact your credit score and overall financial health. In this article, we'll explore the potential impact of a HELOC on your credit, and provide tips on how to use it responsibly.