Do inquiries for preapproved offers affect my credit score?

July 7, 2024 No Comments

A: Inquiries for a preapproved offer do not affect a credit score unless a person follows through with the actual application. Even though someone is preapproved, he or she must fill out the application that accompanies the preapproval. A preapproval basically means that the lender

Do mortgage escrow accounts earn interest?

July 7, 2024 No Comments

A: A bank is not required to pay interest on any escrow accounts (also mortgage impound accounts) it holds for its customers. There are some exceptions of course, but the U.S. Department of Housing and Urban Development (HUD) does not require interest to be paid.

Do Pharmacies Take CareCredit?

July 7, 2024 No Comments

A: CareCredit’s health, wellness and personal care credit card is now accepted for prescriptions and general merchandise purchases in all of Rite Aid’s nearly 4,600 stores in the United States. While CareCredit is accepted at over 175,000 health care providers nationwide, the company is still

Does CareCredit cover prescriptions?

July 7, 2024 No Comments

A: In the United States, the health care sector is one of the fastest growing and costliest industries. The demand placed on workers in the industry continues to grow, as do costs to consumers. With a substantial number of individuals in the country unable to

Does Netspend report to credit bureaus?

July 7, 2024 No Comments

A: NetSpend does not report to credit bureaus in any capacity. NetSpend is a prepaid debit card program that allows cardholders to pre-fund their accounts with debit card capabilities. A NetSpend card is often safer and more convenient than carrying cash, but it still allows

Does the Walmart credit card have an annual fee?

July 7, 2024 No Comments

A: The Walmart credit card does not charge annual fees to its cardholders. It does, however, have other fees associated with late payments, and it charges interest on balances that are not paid on a timely basis. From time to time, Walmart offers special financing

Does Walmart take international credit cards?

July 7, 2024 No Comments

A: Foreign visitors to Walmart locations in the United States can use their credit cards issued by banks outside of the U.S. Walmart accepts international credit cards, including American Express, Discover, MasterCard and Visa. Some Walmart stores may accept international credit cards issued by JCB

Fixed and variable rate loans: Which is better?

July 7, 2024 No Comments

A: A variable interest rate loan is a loan in which the interest rate charged on the outstanding balance varies as market interest rates change. As a result, your payments will vary as well (as long as your payments are blended with principal and interest).

How are savings & loan companies different from commercial banks?

July 7, 2024 No Comments

A: Savings and loan (S&L) companies provide many of the same services to customers as commercial banks, including deposits, loans, mortgages, checks and debit cards. However, savings and loans associations place a stronger emphasis on residential mortgages, whereas banks tend to concentrate on working with

How can a creditor improve its Average Collection Period?

July 7, 2024 No Comments

A: In accounts receivable management, the average collection period refers to the amount of time it takes for a creditor to recoup loaned funds. The average collection period is an important component of the cash conversion cycle. Companies with small collection periods tend to have

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