Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of ...

As a borrower, understanding the impact of credit and the types of credit available can help you intelligently leverage your wealth without risking high fees, interest and long-term debt. The two most ...

Credit is a binding agreement to pay back borrowed money plus interest. Types of credit include secured (like mortgages) and unsecured (like personal loans). Credit scores, used in lending decisions, ...

Here are a few examples of credit myths that refuse to die. 1. You can improve your credit score by closing unused credit cards – Closing credit cards that you rarely use can actually decrease your ...