What is open ended credit plan and its main pros and cons?

Key Takeaways: Open-ended credit provides flexible borrowing options without fixed repayment deadlines, encompassing credit cards and personal lines of credit. Responsible management of open-ended credit positively impacts credit scores, while exceeding credit limits or missing payments can harm them. Understanding the credit utilization ratio is crucial for maintaining favourable credit scores, with lower ratios being … Read more

European central bankers see wage rises as main threat to rate cuts

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Demands for pay rises by European workers are the main threat to early interest rate cuts, analysts have warned, after European Central Bank president Christine Lagarde quashed investors’ hopes of a first-quarter cut this week … Read more