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When Should You Lower Your Credit Limit?

BankBazaar

Having a higher Credit Card limit can help you in case of sudden financial emergencies, but in some situations, lowering your credit limit may be a good idea. Usually, for most Credit Cards, the credit limit is either two or four times the cardholder’s monthly income.

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FedNow fraud prevention for credit unions: A guide for AML, fraud teams

Abrigo

Prevent fraud when adopting FedNow Credit unions can prevent fraud as they connect to FedNow. Use this guide to understand available tools and the steps AML and fraud teams should take. You might also like this FedNow implementation guide with details on appropriate AML/CFT and fraud considerations.

Fraud 221
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Loan Portfolio Asset Allocation Is About To Cause Problems For Banks

South State Correspondent

Loan portfolio asset allocation should be active. Credit risks are increasing, and a brief window is available to solve problems on the margin. In this article, we analyze a typical bank loan portfolio to uncover its weaknesses and then point out some improvements that can be put into place over the next year to limit risk.

Lending 195
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Create and Maintain an Effective Loan Policy

Abrigo

Confident Risk Management Begins with Sound Loan Policy A risk-based approach to loan policy can effectively improve your institution's profitability. You might also like this webinar on loan policy best practices. Loan policies make up the foundation for managing that credit risk. . When and how to update your policy.

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Credit Card Lingo Demystified!

BankBazaar

Confused by Credit Card jargon? You’re not alone! This blog post is your saviour, translating complex Credit Card terminology into plain English. Dive in and learn to speak the language of Credit Cards – without getting lost in translation! This document details your spending activity throughout the month.

Cards 78
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Unlocking Credit: How to Boost Your Approval Chances for Credit Cards

BankBazaar

By understanding and addressing key factors like C redit S cores, income stability, debt management, and card selection , you can significantly boost your chances of C redit C ard approval. However, not everyone finds it easy to secure a Credit Card , especially if they are unaware of the factors that influence approval decisions.

Cards 78
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Revealed: The Best Time To Pay Your Credit Card Bill

BankBazaar

Happy with paying your Credit Card bill by the due date? There’s a case for paying earlier if you want to reduce your interest costs or fortify your Credit Score. Ever wondered about the optimal time to settle your Credit Card bill? Let’s explore the details.

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