Are Student Loans Installment or Revolving?

People building credit from scratch often lean on their student loans as their main account — and then wonder why their score isn’t moving the way they expected. The answer usually comes down to the type of debt. Are student loans installment or revolving? They’re installment loans, and that distinction matters more than most people realize when it comes to how your credit score is calculated. Related: which type of debt is most often secured — worth reading if this applies to you.

are student loans installment or revolving

Continue reading “Are Student Loans Installment or Revolving?”

Why Did My Credit Limit Increase?

People ask me why their credit limit increased all the time. It happens — usually automatically, without any request — and it catches people off guard. My short answer is that your issuer is watching you more closely than you think. The longer answer is below.

Credit limits matter more than most people realize. They’re one of the levers that affect your revolving utilization without you touching your balances. An automatic increase can quietly move your score a few points just by giving you more headroom — same spending, lower percentage used.

why did my credit limit increase

Continue reading “Why Did My Credit Limit Increase?”