Americans are continuing to make healthy progress when it comes to paying down their credit card debts.In its monthly report, the Fed announced that the nation’s concatenated revolving debt, which includes credit cards, fell by a 6.8 %  margin, while non-revolving debt was down 3.8 % . Total debt fell 4.9 %  during the month of June. All of...

LOAN : Loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender ...

What does Blocking means? When you try to use your credit or debit card during a shopping or paying for something the seller usually contacts the company that issued your card to give an estimated total.If the transaction is approved by your company the balance in your bank account is reduced by this amount. That’s called ‘BLOCK‘....