It’s likely that buying a house will be one of the most expensive things you ever do. And for most people who want to buy a house, getting a mortgage is necessary. But how much is the average mortgage in the UK? Let’s look at the numbers and see what affects mortgage amounts. Average Mortgage … Read more
This is a normal part of the debt collection process. It applies to most common types of consumer debt including: Having a debt in collection on your credit report can be annoying, even if you’ve already paid it off. Collections can hurt your credit score a lot, which can make it harder to get loans, … Read more
A persistent myth about improving credit scores is the notion that maintaining a monthly credit card balance helps your score more than paying off your balance in full. Thats untrue. Whats more, carrying balances on your credit card accounts typically costs you money in the form of interest charges, and under certain circumstances it could … Read more
Credit card interest rates have been climbing steadily over the last decade. During that 10-year stretch, the average credit card interest rate nearly doubled, climbing from about 12. 9% in 2023 to nearly 24% today. And between the Feds rate hikes and pauses, card rates have compounded significantly over the last two years in particular. … Read more
Building a solid credit score takes time, particularly if you’re set on that elusive 800 to 850 number. An 800 credit score or higher can help you get approved for larger loans with more favorable terms and lower interest rates. A FICO report says that only 1% of people with a credit score of 800 … Read more
This calculator lets you put in both a one-time lump-sum extra payment and extra monthly payments that match your regular monthly payments. We also offer three other options you can consider for other additional payment scenarios. If you’re a homeowner with a mortgage, you’ve probably wondered if making extra payments can help you pay off … Read more
Theres so much to enjoy as an American Express Card Member, where a world of benefits await. From Pre-Sale tickets and lounge access at the most sought-after shows, to travel perks, Amex Offers and events. With no limit to the amount of Membership Rewards points you can earn and no expiry date, the opportunities are … Read more
If your debt is in collections, you may have wondered whether debt collectors are allowed to blacklist you. The answer? Yes and no. Debt collectors are allowed to send you letters of demand and request a judgment against you. It’s illegal for them to do this, so no creditor will lend you money because you’ll … Read more
Earning a college degree may qualify you for more diverse and higher-paying jobs, but it could also land you in student debt. According to the National Center for Education Statistics, 39% of first-time college students in 2021-2022 took on student loan debt to help pay for school. Note Reference [6] That’s quite the dip from … Read more
Depending on your credit score and financial situation, having an $8,000 credit line may be good. There is no one credit limit that works best for everyone, but here are some important things to think about if you want an $8,000 credit line: Credit Utilization Ratio Your possible credit utilization ratio is one of the … Read more