Bella Mertz Yes, owing the IRS can affect buying a house. The good news is that it’s still possible to get approved for a mortgage if you have tax debt, but it’s important to understand how your debt will affect your application. How Owing the IRS Affects Your Mortgage Application When you apply for a mortgage, lenders … 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
Some banks charge customers for having insufficient funds in their accounts. But a lot of banks are eliminating those fees. Banks charge a lot of fees — monthly service fees, ATM fees, excessive transaction fees and many more. A nonsufficient funds, or NSF, fee is one of the most infuriating charges that can appear on … Read more
Owning a five-million-dollar home is a dream for many people. Even in the most expensive cities in the US, it’s a major accomplishment. But you also have to be confident that you can afford it. There are additional costs to consider even if your income is sufficient to get a loan approved. So you’re dreaming … Read more
Credit can be harmed by canceling a credit card in a number of ways, especially if you’ve had it open and in good standing for a long time. Although the effects may only last temporarily, it’s crucial to carefully weigh the benefits and drawbacks before choosing to close a card. At Experian, one of our … Read more
Borrowers typically turn to personal loans to make a big purchase, consolidate high-interest debt and access cash. It’s important to remember that taking out a personal loan could have a long-term impact on your credit scores. Keep reading to find out how a personal loan could affect your credit scores. Personal loans are a popular … Read more
Unlocking the World of Wells Fargo Credit Cards: A Comprehensive Guide to Your FICO® Score Needs So, you’re eyeing a sleek Wells Fargo credit card, but the question on everyone’s mind pops up: what’s the minimum credit score I need to get approved? Well, buckle up, finance friends, because we’re diving deep into the fascinating … Read more
In the event that you require a substantial loan—say, $20,000 or more—a personal loan might be your best bet. With a personal loan, you can borrow more money than you could with a credit card and for almost any purpose. Additionally, if you have good credit, the interest rates are fixed and frequently much lower … Read more
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Wharton finance professor Michael R. Roberts reexamines whether, in the current financial climate, homeowners would be better off investing their excess money rather than using it to pay down their mortgage. In this opinion piece, Wharton finance professor Michael R. Roberts reexamines whether, in the current financial climate, homeowners would be better off investing their … Read more