Learn Login to MyFinFit FinFit Learn  | Credit & Borrowing 6 simple mistakes that might be keeping you in debt (and how to fix them)  1. Ignoring your credit report  Your credit score plays a major role in determining the interest rates you pay on loans and credit cards. A lower score can mean higher rates, making it harder to pay off debt. Many people don’t realize how much of an impact their credit report has—or that errors or missed payments can drag...

Learn Login to MyFinFit FinFit Learn  |  Credit & Borrowing APRs: jargon myth busting  When you think about banks and borrowing money, many of us automatically picture a maze of financial jargon. Not understanding these terms when you need to borrow can really cost you. So, what does it all mean?  What is APR?  APR, or Annual Percentage Rate, represents the yearly cost of your loan as a percentage, including interest and standard fees.  For example,...

Learn Login to MyFinFit FinFit Learn  |  Credit & Borrowing Your Ultimate Guide to Great Credit When it comes to your financial life, few things are more important than your credit. A good credit history can help you save money when borrowing what you need for things like buying your first home, purchasing a car, or taking care of unexpected expenses. On the other hand, poor credit can make it diffcult to borrow money in the first place, and...

Learn Login to MyFinFit FinFit Learn  |  Credit & Borrowing Buy Now, Pay Later – Friend or foe?  Whether you buy things in a physical shop or online, chances are you’ve been offered the ability to spread the payment of the purchase by way of smaller payments over several weeks or months. This is known as Buy Now, Pay Later, or BNPL for short.   Making it easier to spend?  With BNPL a third-party financing company is effectively loaning you money to...

Learn Login to MyFinFit FinFit Learn  |  Credit & Borrowing What’s an interest rate – and what do you need to consider?  Interest rates are everywhere when it comes to borrowing money – it’s hard to escape those % signs. But when it comes down to the detail, how many of us can really say we understand what an interest is and what it means? If you’re not sure, read on…  What is an interest rate?  Interest is the cost of borrowing...

Learn Login to MyFinFit FinFit Learn  | Credit & Borrowing How to dispute an error in your credit report  Your credit report includes information about where you live, how you manage credit, and even if you have been sued or arrested. According to a study by Consumer Reports, for the past three years, incorrect information on a report has been the number one complaint made to the Consumer Financial Protection Bureau (CFPB). This could lead to consumers...