In the credit score range of 300 to 850, a score of 700 or higher is typically regarded as good. In the credit score range of 300 to 850, a score of 700 or higher is typically regarded as good. A score of 800 or above on the same range is considered to be excellent. … Read more
As a financial planner, I see many military families’ spending habits up close. One thing in particular sticks out: among my clients, the least financially stressed are families and individuals whose debt accounts for less than 10% of their monthly budget. When it comes to budgeting and debt management, the 20/10 rule can help you … 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
Mortgage companies verify bank statements to assess loan risk and repayment possibilities. If you wish to be considered for the loan, you must submit bank statements for each account for at least the last two months. It’s common for this step in the bank statement verification process to make you feel as though you’re being … Read more
Getting into excessive debt, having your spending habits negatively impact your credit score or budget, and becoming overly dependent on your revolving credit limit are some common risks associated with credit cards. However, these dangers can usually be avoided with responsible credit card management. Credit cards are a great financial tool but pose some consumer … Read more
When you bought your house, you probably planned on living there awhile. But what if you need to sell sooner than expected? Read our guide. Nobody is forcing you to stay in your home, so you could sell it the day after you purchase it. However, selling your house quickly after purchasing it can result … Read more
You might want to think about contacting your lenders to see if you can settle all or a portion of your debt if you are having financial difficulties, have maxed out your credit cards, and are unable to pay all of your bills. While paying off debt can release you from some obligations, there are … Read more
Okay, so you checked your credit score and saw a 70-point drop. That is a significant swing, so it makes perfect sense to be a little alarmed. But let’s take a deep breath and figure out what happened before you go into panic mode. There are a few common reasons why your credit score might … Read more
Credit scores in the excellent range are generally considered to be low-risk borrowers. It may be possible to achieve great credit scores by developing responsible financial habits and maintaining them over time. Ever wondered what a good Equifax score is? You’re not alone. In today’s world, credit scores play a crucial role in our financial … Read more
Ever applied for a loan only to be met with a frustrating “credit check failed” message? You’re not alone. Many people experience this disappointment, often without understanding the true reasons behind it While late payments and defaults are common culprits, there are several lesser-known factors that could be silently sabotaging your credit score In this … Read more