If your FICO® Score is 666, you fall into the category of customers whose credit may be viewed as Fair. Your 666 FICO® Score is lower than the average U. S. credit score. According to statistics, 28% of customers with credit scores within the Fair range are likely to become seriously delinquent in the future. … Read more
Picture this: That work bonus has finally hit your account. Your side gig is taking off. Or you get an unexpectedly large tax refund. Now you have an extra $5,000—or close to it—in the bank. (Nice. What could you do with it? An unexpected infusion of money could put you in a better financial position. … Read more
Purchasing a home is a big life milestone, and getting a mortgage and realizing your dream depend greatly on your credit score. However, if your credit score isn’t quite where you want it to be, don’t give up! You can still improve your credit score and move closer to becoming a homeowner in as little … Read more
Yes, you can buy a house with a 645 FICO score. In fact, there are a few different ways you can do it. Here’s a breakdown of your options: FHA loan With a credit score of 580 or higher, you can qualify for an FHA loan to buy a home with a down payment of … Read more
Although you are typically regarded as a subprime consumer if your credit score is 648, this won’t always stop you from borrowing money. As of 2021, the average FICO credit score in the US is 714; scores between 580 and 669 are regarded as “fair” credit scores. This post will explain what your 648 credit … Read more
It can be challenging to navigate the credit card world, particularly when trying to balance increasing credit score with spending. With a $500 credit limit, you might be wondering how much you should spend every month to raise your credit score without going overboard. The answer isn’t a one-size-fits-all solution, as it depends on several … Read more
Many mortgage borrowers are unsure of which option would benefit them more, considering both refinancing and additional payments as options. This article is directed to them. Deciding whether to refinance or pay extra principal on your mortgage can be a complex decision, and the answer depends on several factors. Here’s a breakdown of the pros … Read more
It is not a magic trick to get past due credit card debt and other debts removed from your credit report. What it sometimes requires is time (seven years). However, removing it from your credit report does not mean that you should erase it entirely from your life. The question of whether debts expire after … Read more
Reviewed Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors opinions or evaluations. After you pay off your mortgage, you might gain a newfound sense of pride in your home. You really, truly own it. If things go bad, you’ll probably have extra money each month … Read more
Yes, owing the IRS can affect buying a house. The good news is that it’s still possible to get approved for a mortgage if you have tax debt, but it’s important to understand how your debt will affect your application. How Owing the IRS Affects Your Mortgage Application When you apply for a mortgage, lenders … Read more