Learn about debt types, interest rates, financial goals, and strategies to make sound decisions for your financial well-being. Have you ever wondered whether it is wiser to tackle old debts from the past or focus on clearing out new financial obligations that have recently arisen? It is a financial puzzle that many of us grapple … Read more
Credit Karma is a website that offers a free service that lets you check your credit scores and reports. In the UK, Credit Karma uses TransUnion’s scoring system, which ranges from 0 to 710. TransUnion’s range is different from other credit agencies like Experian and Equifax, which have their own scoring systems. This means that … Read more
Buying a house is often seen as an important milestone in life. However, for many people, the biggest barriers to homeownership are having no money for a down payment and no credit history. Is it possible to buy a house if you’re starting with nothing? While challenging, buying a house with no money and no … Read more
If you want to get a mortgage, loan, or other service, the IRS Income Verification Express Service (IVES) lets you give banks and lenders permission to look at your tax records. The IRS only provides tax records to a third party with the consent of the taxpayer. When applying for a mortgage, lenders will require … Read more
No one wants to hear that their closing has been delayed since closing delays are stressful and frustrating. But many delays can also be avoided with education and communication. People often have a lot of big changes going on at the same time when they buy a new home, like a new job or a … Read more
A 790 credit score is considered good. In fact, it falls into the very good category on the popular FICO® scale, and on the VantageScore scale, it’s even better, landing in the superprime or excellent range. Having a very good or exceptional credit score means you can usually qualify for many credit products, often with … Read more
Using no more than 30% of your credit limits is a guideline — and using less is better for your 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 … Read more
A debt collector can’t threaten to or have you arrested for an unpaid debt. If you’re sued and you don’t comply with a court order, though, you could be arrested. It’s a violation of the Fair Debt Collection Practices Act (FDCPA) for a debt collector to have you arrested or claim that you’ll be arrested … Read more
The underwriting phase in the home-buying journey is the most important step, but it can be pretty time-consuming, stretching up to a month or even more. Everyone, from borrowers and loan officers to underwriters, wants a quick and successful way out. As a MLO (Mortgage Loan Originator), some strategies can help stir the underwriting process. … Read more
People with credit scores between 300 and 850 have good credit. Scores between 670 and 739 are bad. Credit scores of 740 and above are very good while 800 and higher are excellent. Credit scores between 300 and 850 are good, with a score in the mid to high 600s or higher being the best. … Read more