A debt doesn’t generally expire or disappear until its paid, but in many states, there may be a time limit on how long creditors or debt collectors can use legal action to collect a debt. In many states, statues of limitations are in place to prevent creditors and debt collectors from using legal action to … Read more
This article contains general information and is not intended to provide information that is specific to American Express products and services. Similar products and services offered by different companies will have different features and you should always read about product details before acquiring any financial product. Closing a credit card with a zero balance could … Read more
So, you’re struggling with debt and starting to catch up, one payment at a time. But how long does it take for debts that you’ve fully paid off to be taken off your credit report? A lot of people think that once a debt is paid off, it goes away right away. However, the reality … Read more
There are no restrictions on having multiple car loans. You can have two car loans at the same time, as long as youâve been approved for them on the basis of your credit, income and other factors. You can have two car loans. That being said, you can have as many car loans as you … Read more
When you die, your credit reports are eventually deleted. However, if a loved one has recently passed, its important to notify the credit bureaus to curtail identity theft. After someone dies, their credit file will be marked as “deceased” and will eventually be deleted entirely. The process doesnt happen right away, however, so its a … Read more
The Platinum Card from American Express offers the highest credit limit to applicants. It’s important to know that American Express doesn’t list a minimum or maximum credit limit when they describe a card. This is because your credit limit will be based primarily on personal financial circumstances. That said, American Express notes that all of … Read more
Paying off debt while also saving for retirement can be a tricky balancing act. On one hand getting rid of high-interest debt like credit cards should be a priority to stop extra fees and interest charges from piling up. On the other hand, consistently contributing to your 401k is crucial to grow your nest egg … Read more
A 401(k), which many people already know, is a company-sponsored retirement account that a person can put money into to get things going. In most cases, a company will add or match to that account as long as you work for them. Whether you have a standard 401(k) or an after-tax dollars 401(k) account, you … 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
Navigating the mortgage labyrinth can feel like a high-stakes game of chess. Youre keen to make your move towards homeownership, but what you say to your lender could tip the scales in or out of your favour. Ever wondered if theres a little too much sharing going on during those meetings?. Securing a mortgage is … Read more