Student loan debt is one of the biggest issues impacting Americans lives today. As of 2023 Q1, the Federal Reserve Bank of St. Louis reported outstanding student loan debt in the United States totaled $1. 77 trillion. Though it may be tempting, ignoring your debt is a very bad idea with dire consequences. For the … Read more
Although it might not always be worthwhile, pay for delete can occasionally remove unfavorable information from your credit report. Trending Videos. A bad credit score can work against you in more ways than one. It could be challenging to get approved for new credit cards or loans, and even if you are accepted, you will … Read more
It can be difficult to establish credit from scratch because you need good credit to be eligible for better loan terms and credit cards, and you risk being stuck in a difficult situation if you don’t have any credit. [1]. One option may be becoming an authorized user on an account with a positive payment … Read more
So, you’ve got a balloon payment looming on the horizon and you’re starting to sweat Don’t worry, you’re not alone. Balloon payments can be a tricky beast, especially if you’re not sure how to handle them. But fear not, intrepid borrower, for I am here to guide you through the treacherous waters of balloon payments … Read more
So, you’re eager to pay off your mortgage early? That’s a great financial goal to set for yourself! Being completely debt-free and living in a paid-for home not only offers you a great deal of freedom, but it’s also a great way to accumulate wealth because you’ll have a lot more money each month to … Read more
Paying off a home mortgage early could be a smart decision for many borrowers. It can save thousands of dollars in interest and gives more opportunity for financial freedom. Homeowners may choose to save the extra money, make investments or put it into retirement plans. There are several reasons to consider paying off a mortgage … Read more
Ever dreamed of merging your credit card debt with your mortgage payments? This enticing option known as “debt consolidation,” can seem like a magic wand for simplifying your finances. But before you dive in, it’s crucial to understand the potential pitfalls and benefits. In this comprehensive guide we’ll delve into the intricacies of rolling debt … Read more
If you pass away while still in debt, you might be concerned about leaving your loved ones burdened with your student loan debt. If you’re wondering what happens to your student loans after you pass away, the answer will vary depending on a few different things, such as whether they were private or federal loans … Read more
These are quite common; however, it is often difficult to know what to do when receiving them. In contrast, how do you apply for a loan if you need one but don’t get pre-approved? Can you compare lenders? Which bank, credit union, or other institution should you apply with? Navigating the world of credit can … Read more
One prevalent misunderstanding regarding credit is that a low credit score is the same as no credit history. It sounds right at first, but that’s not the case. People without a credit history are in a completely separate category from those with poor credit. This article will explain what you should know about not having … Read more