Temporary Car Insurance and its Benefits

Temporary car insurance is not as popular as the regular car insurance which usually runs for the period of twelve months. I won’t even be surprised if some car owners don’t know anything about temporary car insurance let alone how it works. That is why I will start this article from the basics by letting you know what it is all about. What is Temporary Car Insurance? If you know about car insurance, then it will not be difficult for you to understand the term “temporary car insurance”. The only difference between the two is that while the standard car Continue ReadingTemporary Car Insurance and its Benefits

How does credit card interest work? Secret Exposed!

Whether you are holding credit card or you are about to apply for a new one, this topic how does credit card interest work is very crucial. Everything about credit cards revolves around interest. Unfortunately, we have many people carrying card balances and groaning under the weight of card debts who do not know anything about how credit card interest is calculated. This makes me remember when I was going through an induction/orientation programme in my new place of work. It was a large organization with many departments. I needed to move from one department to another where I would be Continue ReadingHow does credit card interest work? Secret Exposed!

Credit Utilization Ratio and How to Keep it Low

What is credit utilization? Credit utilization is the ratio of your credit balances to the total credits available to you. It is usually expressed in percentage. That is why people usually refer to it as credit utilization ratio or credit utilization rate. Some people may even be more specific by calling it credit card utilization ratio. Whatever the name you call it, it means the same thing. The two main elements involved that you need to consider while calculating credit utilization are your card balances and your total credit limits. You simply divide your card balances by your total credits Continue ReadingCredit Utilization Ratio and How to Keep it Low