Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. A set-off clause is a legal clause that gives a lender the authority to seize a debtor's ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

When you receive your credit card bill, you'll notice two different balances: the statement balance and the current balance. Conventional wisdom says that you should always pay off your statement ...