Taking out a mortgage is a huge milestone for youâand your credit. For starters, building and maintaining the credit necessary to secure a mortgage is a big win. Responsibly managing a mortgage demonstrates your ability to pay loans on time, handle different credit types and maintain a large, long-term account, all of which can contribute … Read more
Many Americans are feeling the financial squeeze from multiple directions right now. For starters, stubbornly high inflation, which is currently running at around 3. 5%, has driven up the cost of essentials like food, housing and energy. Also, the Federal Reserve has been trying to control inflation by keeping its benchmark rate at a 23-year … Read more
Find out how long a judgment stays on your credit report, what is a judgment, and more in this post from TDECU. Your credit score is that unassuming three-digit number calculated and shared upon request by credit bureaus to tell potential lenders how likely or unlikely you are to repay a loan. If you have … Read more
Good debt is debt that you take on to achieve meaningful growth in your personal life or finances, like a mortgage or student loan. Bad debt is relatively expensive debt and debt that someone takes on for unnecessary expenses, like credit card debt. Some people consider any debt to be bad. Others take a more … Read more
Your score falls in the range of scores, from 800 to 850, that is considered Exceptional. Your FICO® ScoreÎ and is well above the average credit score. Consumers with scores in this range may expect easy approvals when applying for new credit. Less than 1% of consumers with Exceptional FICO® Scores are likely to become … Read more
When used wisely, personal loans can be a useful way to get money. But when you borrow money, you should make sure you’re dealing with a real lender. Today, we’re going to look at CashUSA in detail to help you decide if it’s a real lending site you can trust. Overview of CashUSA CashUSA is … Read more
You should try to spend no more than 10% of your monthly take-home pay on your car payment, but you may have some room for error. 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 … Read more
Having debt in collections is an unfortunate reality for millions of Americans — especially those who are struggling with unexpected financial hardships. But while facing a debt collection issue may be common, it can also have a big impact on your finances, and receiving calls, letters or lawsuit threats from debt collectors can also be … Read more
Do Banks Track Your Spending? The Surprising Ways Financial Institutions Monitor Your Habits Have you ever wondered if your bank keeps track of where and how you spend your money? Thanks to technology that lets banks collect and analyze more data than ever before, they can now keep a closer eye on their customers’ spending … Read more
When you click on product links, like credit card links, from one or more of our advertising partners, we may get paid. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone. If you live in … Read more