3 min read

Is It Bad to Close a Credit Card? There is a safe way!

By Wasatch Peaks on February 12, 2021

Have you been considering canceling a credit card? There’s a lot to consider when it comes to making that decision. You probably have questions about the process and consequences of closing a credit card and we're here to help, so let’s go over some helpful information.

Topics: Credit Credit Cards
2 min read

What Happens When You Pay Off Your Credit Card? Find Out...

By Wasatch Peaks on February 10, 2021

You’ve paid off your credit card, now what? First, congratulations on meeting one of your financial goals! Paying off credit card debt is a huge step and can take a lot of work. You’re probably now wondering what you should do next and we’ve got some ideas and tips to help you navigate your next steps.

Topics: Credit Credit Cards
3 min read

How To Calculate Auto Loan Interest

By Wasatch Peaks on January 15, 2021

What is an interest rate?

Let’s start first with the basics of understanding what an interest rate is. The interest rate is the rate at which a lender will charge for you to borrow the funds from them. This rate is a percentage of the loan amount, so the amount you pay in interest will be based off the principal balance of the loan.

Topics: Credit Financial Planning Auto Loan