Bella Mertz You may have heard of Credit Karma—even the name sounds good—but you’d be surprised at how many borrowers are taken aback when their Credit Karma score turns out to be lower than the FICO scores that their lender utilizes. Read on to find out why. And most importantly, what you need to know about credit … Read more
When a debt has gone into collections, you’d probably know you’ve run into financial difficulties. Even after you pay off the debt, having collections on your credit report can negatively impact your credit score for a considerable amount of time. Paying off debt is the most pressing issue, though. Successfully disputing inaccurate information is the … Read more
Newspaper articles and television reports frequently advise readers to always weigh their options before releasing equity because there may be undiscovered financial solutions. One of these which has created much debate recently is the possibility of downsizing. The benefits of downsizing are covered in this article, along with how equity release plans can still be … Read more
In a Nutshell Compared to lower scores, a good credit score can unlock better credit opportunities. Although credit and loan applications are evaluated by lenders based on a number of criteria, applicants with better credit scores typically have a better chance of being approved. Good credit scores can also help you qualify for lower interest … Read more
Financial advisor, speaker, and author Suze Orman is well-known for having assisted many people in managing their finances and achieving financial freedom. Suze has over thirty years of experience in the financial sector and is well-known in the personal finance community. One of the topics that Suze Orman is particularly passionate about is reverse mortgages. … Read more
Is a line of credit like cash? This is a common question asked by individuals who are looking for flexible financing options While both lines of credit and cash share some similarities, they also have some key differences that set them apart. What is a line of credit? A line of credit is a revolving … Read more
A default can leave a blemish on your credit report, making it hard to borrow money. However, you can still polish up your profile while waiting for the default to be cleared. It is important to note that the effects of a default lessen with time, so you can minimize the negative effects of your … Read more
If a judge rules that you owe money, the creditor may be able to take money from your paycheck or other benefits in order to satisfy the judgment. State and federal laws limit how much a creditor can garnish from your wages. Additionally, they protect a minimum amount in your bank account from levies even … Read more
You might not have the luxury of being granted approval for a conventional small business loan if you are a real estate investor. If you have poor credit, a patchy payment history, or no down payment, getting financing could be difficult for you. One option to consider: a hard money loan. Here, we share what … Read more
Yes, car dealerships can lie about your credit score This is a common practice, and it can have a significant impact on your ability to get a loan and the interest rate you pay Here’s how it works: The dealer runs your credit score. They can do this through a credit bureau or a third-party … Read more