In a Nutshell: A fair credit score is typically in the middle of the range, not very high nor very low. You might have trouble getting approved for some credit cards or loans with advantageous terms and rates if your credit score is only fair. You can improve your credit by learning how to read … Read more
It’s never easy to lose a loved one, and the emotional toll can be unbearable. You might be left wondering about the practical things, like what would happen to the mortgage if your spouse passed away and your name is not on it, in addition to grieving. Although you may find yourself in a perplexing … Read more
When trying to get auto financing, the first question people ask is usually, “How much can I get?” There are a number of variables that affect how much money you can get for your next car. How much money you have in the bank and your credit history are two of those factors. Lenders may … Read more
Although having a bad credit history can be a major financial barrier, there are ways to get your credit back up. In many cases, improving your credit scores takes time and patience. However, there are steps you can take if youre aiming to increase your credit scores quickly. Tired of seeing a low credit score … Read more
No spending more money does not build credit faster. In fact, it can actually hurt your credit score. Here’s why: Credit Utilization Ratio: This is the percentage of your available credit that you’re using. A lower credit utilization ratio is better for your credit score. Spending more money increases your credit utilization ratio, which can … Read more
Is paying a bill with a credit card considered a cash advance? No paying a bill with a credit card is not considered a cash advance. A cash advance is when you withdraw cash from your credit card, either from an ATM or through a convenience check. Cash advances typically come with high fees and … Read more
It could be a smart choice with significant potential rewards if you wish to receive credit card rewards for your purchases and you can pay off the balance in a couple of months. However, if you are unable to purchase a car and do not wish to apply for a loan because you believe you … Read more
You might be looking to obtain your FICO Score for a variety of reasons, such as general curiosity, the need to know your score in order to make improvements, applying for a loan, or making a big purchase. Whatever the reason is, you want to be sure that youre getting your true FICO Score. Keep … Read more
The 20/10 rule is a debt management strategy. The rule states that the total amount of debt owed by consumers should not exceed 2020% of your annual take-home pay and the total amount of debt payments made each month should not exceed 2010% of your monthly take-home pay. This general guideline can assist customers in … Read more
When two people decide to buy a house together, they have a lot to consider. Most likely, you and your spouse have discussed how you will pool your funds, divide costs, and set aside money for big purchases. Buying a home is one of the biggest decisions people will make. It’s likely that you’ve monitored … Read more