Be aware that mortgages have restrictions on the use, source, and documentation of gift money before accepting a check from a kind relative to assist with your down payment. Lenders inquire about the source of your down payment funds, including any gifts, when you apply for a mortgage. This is because receiving gifts can artificially … Read more
The phrase “black card” or “black credit card” is frequently used to describe extremely exclusive credit cards that are only offered to a small number of wealthy people. These cards usually have a hefty annual fee, strict spending limits, and a long list of opulent features. Even though the term “black card” is frequently used … Read more
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and heres how we … Read more
What is an e-loan? An e-loan, also known as an electronic loan, is a loan application and approval process that is conducted entirely online. This means that borrowers can apply for a loan, receive approval, and sign loan documents without ever having to visit a physical branch. E-loans are becoming increasingly popular as they offer … Read more
Hey there, credit-conscious friend! Ever wondered if those old, closed accounts are hanging around on your credit report like unwanted guests at a party? You’re not alone It’s a common question that pops up in the minds of many folks who are trying to navigate the sometimes-confusing world of credit The good news is, I’m … Read more
The bank where the check is being deposited doesn’t have to report the transaction to the government if it’s a single cashier’s check, money order, or travelers check worth more than $10,000. Instead, the institution that issues the check in exchange for currency must do so. If you deposit $10,000 or more, your bank or … 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
You cannot usually use utility bills to improve your credit. Since most utility bills are not credit accounts, information about them is typically not reported to credit bureaus, so they usually have no effect on your credit score. But, if you stop paying your utility bills on time, the utility companies may report the late … Read more
After receiving a judgment, what steps can you take? We spoke with a top credit bureau to find out. Your creditors will have to take action to make sure the debt is paid off if you miss more than twenty working days in a row with your monthly payments. Firstly, you’ll receive a Section 129 … Read more
In the realm of online lending Spotloan has carved a niche for itself, offering short-term personal loans to individuals in need of quick financial assistance. But with the abundance of online lenders a question arises: is Spotloan legit? To answer this question, we’ll delve into the depths of Spotloan’s operations, analyzing customer reviews, loan terms, … Read more