Paying your bills on time, lowering your credit card debt, staying away from debt that you don’t need, and keeping an eye on your credit reports will help you get your credit score above 700. If you want to qualify for lower interest rates and better credit card featuresâand enjoy a host of other benefitsâachieving … Read more
Average auto loan interest rates can provide an idea of what APR to expect for your auto loan. 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
Before you start looking for a house, find out how much you can borrow and how to make the best offer on the one you choose. If youâre ready to make your dream of owning a home a reality, youâve probably already heard that you should consider getting prequalified or preapproved for a mortgage. Itâs … 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
Equifax, Experian, and TransUnion can differ in the information they collect Part of the Series Guide to FICO Equifax, Experian, and TransUnion are the top three credit bureaus in the U. S. They are private businesses that collect and sell data on the spending and borrowing habits of individual consumers. The data is compiled into … Read more
In terms of money, your credit score is one of the most important numbers. When lenders see this, they can tell if you’ll be able to pay back the money they lend you. But what constitutes a “good” credit score can be confusing. We will delve into the question of whether a credit score of … Read more
Paying off the mortgage after 30 years was a rite of passage for Americans approaching retirement age, but this once-common scenario is no longer the norm. According to research from Fannie Maes Economic and Strategic Research Group, baby boomers, those born between 1946 and 1965, are carrying more mortgage debt than earlier generations and are … Read more
Credit score ranges vary across creditors and score types. For base FICO® Scores, the credit score ranges are: There are many ways to figure out your credit score, but the ones that FICO and VantageScore® use have a score range of 300 to 850. A higher credit score indicates you are statistically less likely to … Read more
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Mortgage rates have been hovering in the high 6 percent range for a 30-year fixed loan, but some states see tougher odds of homebuyers getting approved. As shown in a new report from the National Association of … Read more
Prequalification is a key first step in the home purchase process for many borrowers. The soft inquiry for a mortgage won’t hurt your credit score, but it will show up on your credit reports. Find out if you can get a mortgage loan by getting prequalified. This will let you know how much you can … Read more