Day: June 24, 2025
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Understanding the Basics of Interchange Fees Whenever a merchant accepts a credit or debit card payment, they incur what’s commonly dubbed a “swipe fee”—a charge meant to offset the expenses tied to verifying, processing, and approving card transactions. These fees, collectively known as interchange fees, aren’t a flat rate; they usually consist of a small… read more
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Key Insights to Keep in Mind Records of your credit accounts, outstanding balances, and payment activity are gathered and maintained by credit bureaus. The credit trifecta comprises Equifax, Experian, and TransUnion — the giants of credit reporting. Operating independently, these bureaus often hold disparate information on the same consumer, resulting in varying credit scores. Lenders… read more
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Understanding the Nuts and Bolts of Wage Garnishment Picture this: a chunk of your paycheck vanishes before it even lands in your hands—that’s wage garnishment, a legal maneuver where your employer diverts part of your earnings to satisfy someone you owe money to. Often, this happens under the hammer of a court ruling and typically… read more
