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By
Antonio Sojo
- In Credit
Why with a good credit score approved cards with low limits?
Having an excellent credit score does not always guarantee high limits on your cards. Banks evaluate other factors such as credit diversity, the length of your credit history, your income and your debt-to-income ratio. In this blog, we explain why you may receive a low limit and what strategies you can apply to increase it.
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By
Marialic Vasquez
- In Credit
Changes in CFPB: What does it mean for consumers and entrepreneurs?
The Consumer Financial Protection Bureau (CFPB), the agency in charge of consumer financial protection in the United States, has undergone a significant change in its leadership. President Donald Trump has removed Rohit Chopra and appointed Scott Bessent as acting director, which could mark a turnaround in financial regulation.
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By
Marialic Vasquez
- In Credit
Major changes to credit laws: How reform can improve your credit score
In 2024, United States financial authorities have proposed significant reforms to credit laws, with the goal of offering greater fairness and transparency to consumers. Although these changes are still being approved, some measures are already making a difference in the way credit reports are handled, particularly with respect to medical debt and consumer rights.
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By
Marialic Vasquez
- In Finance
How Federal Reserve Interest Rate Cuts Affect Your Credit History
The Federal Reserve's recent decision to cut interest rates by a quarter point marks a key turning point in the US economy. This move, made after the presidential election, is the second adjustment of its kind since September and has direct implications for consumers and businesses.
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