About the author:
Sean P. EgenAfter realizing he couldn’t pay back his outrageous film school student loans with rejection notices from Hollywood studios, Sean focused his screenwriting skills on scripting corporate videos. Videos led to marketing communications, which led to articles and, before he knew it, Sean was making a living as a writer. He continues to do so today by leveraging his expertise in credit, financial planning, wealth-building, and living your best life for Credit One Bank.
If you haven’t been inside one, you’ve almost certainly passed by one. They’re those non-descript buildings typically adorned with brightly colored awnings or neon signs proclaiming “PAYDAY LOANS” to the world. You’ll find them in most towns, large and small, in states where they’re legal. In fact, according to a report by NBC news, there are now more payday lenders in the United States than McDonalds or Starbucks!
The concept of credit is relatively simple: A borrower receives money or goods now with a promise to pay a lender back later, typically with interest to compensate the lender. But credit is not just a single monolithic thing. Did you know there are actually three main types of credit that show up on your credit report and are used to calculate your credit score?
If you’ve ever read a credit card or loan application, you probably encountered more than a few words that seemed to be written in a separate language. Credit terms can be descriptive and self-explanatory at their best, but also unclear and confusing at their worst. Especially given most of us don’t spend a lot of time perusing credit documents in our daily lives. What follows are 20 common credit terms most everyone should be familiar with. Doing so will hopefully save you some time and head-scratching the next time you review your statement, think about getting a new credit card, or dive into an article about credit.
Phishing and spoofing attempts affect millions of users and cost the economy billions of dollars. But you don’t have to fall for these ubiquitous forms of online fraud. Check out these tips on how to avoid becoming just another victim of these scams propagated by cybercriminals and scammers.
Credit One Bank has a wealth of smart employees with highly diverse backgrounds—most of whom know a thing or two about credit, finances, and working toward financial goals. So it seemed only natural to tap into that expertise by asking some of the more seasoned (aka mature) staff members to share some of their knowledge.
Hockey and the desert don’t exactly go together. But the Vegas Golden Knights, the NHL’s most recent expansion team have taken a city better known for long shots than slap shots by storm. Check out some of the major milestones on the road to bringing this record-setting NHL expansion team to Las Vegas in this infographic by Credit One Bank.
After realizing he couldn’t pay back his outrageous film school student loans with rejection notices from Hollywood studios, Sean focused his screenwriting skills on scripting corporate videos. Videos led to marketing communications, which led to articles and, before he knew it, Sean was making a living as a writer. He continues to do so today by leveraging his expertise in credit, financial planning, wealth-building, and living your best life for Credit One Bank.
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.