It is a negotiation with your mortgage lender to create a new agreement that modifies the original terms of your mortgage. If you have a long-term inability to pay your mortgage, a loan modification could be an option if you wish to keep your home. A loan modification typically involves contacting the servicer for the … Read more
Here’s something you should know about us: We hate credit scores. Yep—they’re bogus. But even though they’re nothing more than a measly “I love debt” score, you shouldn’t ignore them altogether . especially since your score is tied to your credit report. Even if you’re debt-free and don’t care what big banks and lenders think … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. The advice in this article is offered by the team independent of any bank or credit card … Read more
If you’re just starting to look for a home, you may have heard of FHA loans. But what does “FHA” stand for, and why should you think about getting one? An FHA loan from the Federal Housing Administration (FHA) could be a good choice for you if you have debt or bad credit. You might … Read more
Many students know theyâll have to borrow money to help with college expenses, and thatâs normal. Borrowing money responsibly and paying it back on time is a part of life for many of us. So, itâs important to understand what it means to take on student loan debt and how to handle it smartly. The … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Bankrate is always editorially independent. While we adhere to strict , this post may contain references to … Read more
Most married or engaged couples thinking of buying a house combine their income and credit scores when applying for a mortgage. But sometimes, doing so may not help you achieve your goals, provoking the question: Can a married couple buy a home with only one partnerâs name on the mortgage? The short answer is yes, … Read more
For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above … Read more
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