Getting your 10-day payoff statement is an important step in refinancing your student loans. Here’s why: When you get approved for a refinance, your new lender pays off your old loans. That doesn’t happen instantaneously, though – the loan payoff takes at least 10 days. And it can take 1-3 weeks after that for the … Read more
There is a way to build credit by adding yourself as an authorized user to the account of a trusted cardholder. Once youâre attached to the account, you typically get your own credit card thatâs linked to the account. And if the account appears on your credit reports, then responsible use of the card can … Read more
Having negative information on your credit report can significantly damage your credit score and make it harder to get approved for loans credit cards, and other financial products. Late payments, collections accounts and other derogatory marks may remain on your credit report for up to 7 years. But in some cases, you may be able … Read more
If you have no credit history, you have no credit score — but not a zero credit score. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, this does not influence … Read more
Yes, debt collectors can take you to court for unpaid debt. But this wonât be their first move. Debt collectors will first call you and send letters to try to get you to pay back your debt. Itâs common for debt collectors to make several attempts over a period of many months to collect a … Read more
If you regularly use a credit card, you may have wondered what it would take for your lender to increase your credit limit. In many cases, the answer is simple — all you have to do is ask. Under the right circumstances, a credit limit increase could benefit your credit scores. But how does the … Read more
Carrying a balance on your credit card means youâve paid off a portion of what you owe and left the rest for the next billing cycle. There are lots of reasons you might carry a balance. But itâs important to understand how it might affect interest charges, credit scores and more. People often leave a … Read more
If youâve only had credit cards and are considering your first car loan, you may want to know how fast a car loan could build your FICO® credit score. So, does a car loan affect your credit score, and can a car loan build your credit? Keep reading to learn more about how car loans … Read more
If your credit score is 450, it might seem impossible to get an auto loan. After all, FICO says that 450 is “very poor” credit, which is much worse than what most lenders consider good credit. However, even if you have bad credit, there are still ways to get a car loan. If you have … Read more
Dealing with debt collectors can be an unpleasant and stressful experience. You may feel pressured to make payments you can’t afford or agree to terms you don’t fully understand. While it’s important to take debt collection seriously, you also have certain rights when it comes to interacting with collectors. Knowing what not to say is … Read more