Discover who preferred creditors are, how they get prioritized in bankruptcies, and examples of types like employees and tax authorities.

A creditor is any person or organization that lends money or extends credit, expecting to be repaid with interest and fees. Creditors can include banks, credit card companies, hospitals and even ...

Understand credit denial, including common reasons why credit applications are rejected and what you can do next to improve ...

Revolving credit allows borrowers to have ongoing access to funds in the form of a line of credit, which comes with rules about how much credit is available to the borrower and how they have to ...