Bella Mertz Are you being hounded by debt collectors? You’re not alone. Millions of Americans are dealing with the same issue, and it can be a stressful and confusing experience. You may be wondering if you should just pay the debt collector and be done with it. But before you do, it’s important to understand the potential … Read more
If you’ve been using your credit card sensibly, you may be curious about an increase in your credit limit, also known as a credit line increase. There are no guarantees that a credit card company will increase your credit line. However, there are certain actions you can take—or continue to take—to increase your likelihood of … Read more
A lender may close your credit card account on your behalf if it is inactive for a long time. Learn more about inactive credit cards with help from Equifax. [Duration – 1:36]. The credit card that was paid off and hasn’t been used in a while may be hiding in a drawer or the back … Read more
When credit bureaus have the most recent information about your new, lower balances, any harm caused by a high credit card utilization goes away for the majority of credit scores. Once a new, smaller balance is reported to the credit bureaus, a high credit card utilization usually stops negatively impacting your credit score. The main … Read more
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 500 FICO® Score is significantly below the average credit score. Due to their poor credit, many lenders decline to work with borrowers whose scores are in the Very Poor range. Applicants for credit cards in this range may be … Read more
Over time, investors have wondered whether or not the U. S. dollar will collapse. This has become more of a question as the world economy has evolved since the early 2000s, mainly due to China’s rise to prominence in the last 20 years and the possibility of some countries trading oil without the petrodollar. Although … Read more
Being debt-free means you don’t owe any outstanding debt. Nonetheless, it might make sense to only have a mortgage payment and a credit card that you pay off in full each month as debt. For most people, living debt-free is a meaningful goal that represents a level of financial freedom. Student loans, car loans and … Read more
Yo, credit card warriors! We all know the struggle: juggling multiple cards, battling annual fees, and trying to resist the siren song of impulse purchases. Sometimes, the best move is to say “adios” to a card that’s no longer serving you. But before you go snipping that plastic, let’s talk strategy. Canceling a credit card … Read more
Credit Karma promises to provide you with your accurate credit score and credit report for free. Is Credit Karma providing you with exactly the same information that a lender can access if you’re applying for a mortgage or auto loan? And, moreover, is it providing you with anything you can’t get elsewhere? But how accurate … Read more
Obtaining a mortgage when paid in cash can be challenging; a mortgage specialist can assist you in this regard. Absolutely! Even if you don’t receive a traditional paycheck, you can still qualify for a mortgage with some smart planning and preparation. Here’s what you need to know: The Challenges of Cash Income: Documentation: Lenders need … Read more