The Fair Debt Collection Practices Act (FDCPA) states that certain collection practices are categorically unlawful, including lying about your debt and persistently calling you. Even though you might feel helpless against debt collectors, knowing your rights can help you put an end to the harassment, determine whether the debt is real, and even save money. … Read more
Getting denied for a home loan can feel like a punch to the gut, especially after dreaming of owning your own place. But before you get discouraged, let’s take a deep dive into the world of mortgage applications and see what the numbers reveal about loan denials. The Landscape of Loan Denials: A Statistical Snapshot … Read more
A balloon payment is the last, lump sum that is paid at the end of a loan term and is greater than all of the previous payments made on the vehicle. If you’re looking for a loan with lower monthly payments than a car lease but ownership rights, an auto balloon loan might be a … Read more
After a loved one passes away, not everything goes with them. Their financial assets and personal effects stay on Earth and may fall into the hands of their surviving relatives and friends. Can you inherit tax debt? The unfortunate answer is yes. In many situations, family members are left with financial burdens of the deceased … Read more
There are a few things you should do when buying a house and the closing date is drawing near to guarantee a smooth transition. If you’re wondering what to do the week before closing on a house, check out the following list. There are a few things you should do when buying a house and … Read more
Leather interior. Rearview cameras. Automatic emergency braking. Even though you might have visions of a brand-new vehicle with every feature imaginable, you might have to get used to sticker shock. Kelly Blue Book estimates that the typical price of a new car will exceed $49,500 by the end of 2022, and the average price of … Read more
What happens if I lose my job before closing on a mortgage? is a question we get asked a lot in our office, and here’s the clear answer you’ve been waiting for. It can be extremely stressful to lose your job within days of purchasing a home in New Jersey or another state, particularly if … Read more
Checking your credit score is a great way to monitor your financial health. Wondering how to check your credit score? Get tips and advice from Equifax! [Duration – 1:18]. The idea that checking your credit score will have a negative impact is a common myth. Actually, verifying your credit score is a crucial step in … Read more
We are an independent, advertising-supported comparison service. Our objective is to empower you to make confident financial decisions by giving you access to interactive tools and financial calculators, publishing original and unbiased content, and allowing you to conduct free research and information comparisons. Issuers that Bankrate has partnerships with include American Express, Bank of America, … Read more
If you do business on creditâi. e. Give your clients terms for payment such as Net 30 and Net 15; eventually, you’ll come across a client who is unable or unwilling to pay you. This type of uncollectible debt is referred to as bad debt (or a doubtful debt) from your customers. Whats Bench?Online bookkeeping … Read more