Bella Mertz Even though paper checks haven’t completely disappeared, eCheck payment processing is now required in the world of financial transactions in a time when convenience, speed, and security are paramount. According to NACHA, the ACH network transfers approximately $72. 6 trillion in eCheck payments from one account to another every year. It makes sense that many … Read more
Now that you’ve located your ideal home, you’re prepared to become a homeowner. But first, you have to get your mortgage approved before you can hang pictures and paint the walls. This is where the mysterious figure of the mortgage underwriter comes in. However, is it the true desire of underwriters to approve loans? The … Read more
Hey there, credit-curious folks! Ever wondered if using Affirm, that trendy “buy now, pay later” (BNPL) service, could actually give your credit score a boost? Well, buckle up, because we’re about to dive deep into the world of Affirm and its relationship with your credit score Spoiler alert: It’s not as straightforward as you might … Read more
The first step to getting approved for credit (and at the best rates) is to understand what constitutes a good and bad credit score. In the realm of personal finance, your credit score reigns supreme It’s a three-digit number that acts as a financial report card, influencing your ability to secure loans, credit cards, and … Read more
Traveling around the United States can be challenging without access to reliable transportation. 93% of households in the U. S. had access to at least one car in 2019. 1 You must have a steady income to finance the purchase of a vehicle. You might be thinking, “I need a car but have no money … Read more
What is Equity Skimming? Imagine this: you’re facing financial hardship, your mortgage payments are piling up, and foreclosure looms large. Suddenly, a knight in shining armor appears, promising to save your home. They offer to buy your property, rent it out, and use the rent to pay off your mortgage. Sounds too good to be … Read more
If youâre trying to build credit, things may seem a little backward to you. Because in most cases, you actually need credit to build credit. But understanding some credit basics can help you get started. Here are some ways you can build credit and use it responsibly. Credit scores play a crucial role in our … Read more
A personal loan can be a simple solution to finance a significant purchase, pay for an emergency, or combine high-interest credit card debt. These loans may be available from your bank, but you can also check for offers from the many online lenders that focus exclusively on personal loans. It’s not necessary to overthink the … Read more
When applying for a mortgage, if you’re married or intend to get married and are considering purchasing a home, you typically combine your income and credit scores. However, you might be wondering if it’s possible to purchase a home with just one partner’s name on the mortgage. The short answer is yes. A married couple … Read more
As many financial experts like to point out, there’s no assurance that you can dramatically raise or lower your credit score in just six months. But if your goal is to not only get your credit score back on track, but to do so quickly, those same experts have a whole toolkit of doable advice … Read more