U.S. credit-card delinquencies rose for a third consistent month in October from the previous month, though charge-off levels sustained no difficulty for a second straight month from a record in August, as reported by Moody's Investors Service.

Consumers have begun holiday purchases this year with a surprising turnout-most have paid with a debit card, yes debit not credit.

Debit cards seem to have bypassed credit cards, and other noncash means, as the preference of payment of among customers.

Calculating Your Credit Score

Your credit score is a number derived from a statistical analysis of your credit history and credit reports. This number is important because it is used for creditors to determine the likeliness you will pay your bills in a timely manner.

What is a Credit Check?

When a money lender is considering whether or not to give a client a credit card or loan, they will perform what is referred to as a credit check. This is a process in which a credit reporting bureau performs an in depth examination of the client’s individual financial history to determine their creditworthiness.