It can be scary and confusing if your credit score drops by 70 points or more all of a sudden, especially if you don’t know why. Because I care about my credit score, I wanted to answer this question and give you the most common reasons your score could drop so quickly. After looking into … Read more
Receiving an inheritance can be a life-changing event Whether you are expecting an inheritance or it comes as a surprise, knowing what to do when the money arrives can help you make the most of your windfall This guide will walk you through the key steps for receiving inheritance money so you can avoid common … Read more
You owe money every month on monthly debts, which are regular, recurring costs. When you apply for loans like mortgages, these debts are often looked at because lenders want to make sure you can afford the extra monthly payment. You can better manage your money and increase your chances of getting loans with good terms … Read more
You may have a lot of stress if you are carrying around past-due debt. At best, multiple late or missed payments can result in a damaged credit report and a lawsuit at worst. But should you pay a charge off in full or negotiate a debt settlement?. Getting tangled up with charge-off debt can be … Read more
No one opens and contributes to a workplace savings account like a 401(k) or a 403(b) expecting to need their hard-earned savings before retirement. Your 401(k) could be a way to get money if you need it and can’t get it from anywhere else. The key is to keep your eye on the long-term even … Read more
Does checking your credit score actually lower it? This is a common myth; checking your credit score does not have a negative impact on your score. In reality, checking your credit score can be an important step. Before we start, it’s important to know that there are various ways to calculate credit scores. Your score … Read more
The average credit limit in the U. S. was $29,855 at the end of the third quarter of 2023. It ranged from an average of $12,899 for Generation Z to $41,906 for baby boomers. The average credit limit on credit cards in the U. S. was $29,855 as of the end of the third quarter … Read more
People today are living and working longer than their predecessors. We now have more ways to get to the money we’ve saved and invested over the years, and we have more say over how we spend the money we’ve saved. But many of us forget that we’re sitting on our largest single investment: our homes. … Read more
Buying a house is a big step, but you need to carefully plan and budget for it. If you want to buy a $350,000 house, you may be wondering how much money you’ll need to qualify and pay for everything. This complete guide tells you everything you need to know to get ready financially to … Read more
Buying a house is an exciting milestone in many people’s lives. However, qualifying for a home loan can be stressful, especially when your credit score is on the line. So what credit score do you need to buy a house in South Africa? The short answer is that most banks require a minimum credit score … Read more