For those who are new to the home buying process, moving to a new location, or looking to refinance their current conventional or FHA mortgage, the FHA loan program offers flexible guidelines and low down payments to enable you to buy a home. 580 Credit Score- and only -3. 5% Down RELATED ARTICLES. FHA loan … 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
Making an extra payment on your car loan can help pay it off sooner. Find out if your extra payment goes to the loan principal and how to ensure it does. Making additional payments on your next auto loan won’t instantly lower your total amount owed or cut down on interest. Rather, you need to … Read more
Private mortgage insurance (PMI) can feel like a pesky leech sucking the life out of your monthly mortgage payment. But fear not, intrepid homeowner! There are ways to break free from its clutches and reclaim your hard-earned cash. Can you pay a lump sum to get rid of PMI? Absolutely! While most methods to ditch … Read more
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 551 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
Well-known providers of financial services, Experian and Credit Karma, provide digital tools that let you monitor your credit history and raise your credit scores. This is a summary of what they have to offer, how they vary, and how you could use them to strengthen your finances. Experian is a global financial-data company best known … Read more
Although it has no bearing on your credit score, your personal information is a crucial component of your credit report that you should maintain accurate and up to date. There are several ways to update your credit file if you make changes to your name, address, phone number, or other personal data. Are you worried … Read more
Depending on the state of the economy, a good interest rate on a personal loan is typically one that is lower than the current 12 percent national average. 17% as of Q3 2023. Generally speaking, a good personal loan interest rate is less than the 12 percent national average rate. 17% as of Q3 2023. … Read more
Have you ever wondered which credit bureau Wells Fargo relies on when making credit decisions? Well, you’re not alone. This question has been swirling around the financial world for quite some time, leaving many borrowers in the dark. But fear not, curious credit seeker, for we’re here to shed some light on this enigmatic topic. … Read more
Yes, credit card companies can write off your debt. This means they consider the debt uncollectible and remove it from their books However, writing off your debt doesn’t mean you’re off the hook You’re still legally obligated to repay the debt, and the write-off can negatively impact your credit score. Here’s what you need to … Read more