Author Archives: admin

Repo rate and mortgage loans going forward

This summer, the Goodbank decided that the repo rate would be lowered from 0.75 to 0.25 percent. Most people thought that a cut in the interest rate was coming, but it was a little unexpected that it would be such a big cut. The Goodbank justified its decision that inflation was lower than expected and

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What is revolving credit?

Have you heard of revolving credit? Yes, very likely. But do you know what it means? It is essential to understand what it is like to get away from high fees and keep your financial health up to date.   What is revolving credit and how does it work? Revolving credit is nothing more than

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Credit Score: What It Is and How It Works

You may have heard around: “my score is low and I can’t get a card” (see more in our full guide on how to get out of red), or “how do I increase my score”. These are very common consumer questions. In this post, you learn what this score is and how to perform the

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