Many banks don’t limit the amount of cash you can deposit. However, depositing more than $10,000 will subject your deposit to extra rules and regulations from the bank and the federal government. If you have a substantial deposit to make, know that holding more than $250,000 at the same bank—even in multiple accounts—may not be … Read more
Buying your first home is an exciting milestone, but saving up for a down payment can feel daunting. If you’re wondering if you can buy a house with a $50,000 deposit, the answer is yes! While 20% is ideal, putting down as little as 3% is possible with certain mortgage programs. As a first-time buyer … 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
The advice in this article is offered by the team independent of any bank or credit card issuer. This article might have content from our partners, and there are rules that apply to any deals that you click on or link to from this page. as of posting date, but offers mentioned may have expired. … Read more
You can stop electronic debits to your account by revoking the payment authorization, sometimes called an “ACH authorization.” You can stop a payday lender from taking electronic payments from your account at any time, even if you agreed to it before. You may have signed a payment authorization, which is sometimes called an “ACH Authorization. … Read more
The government can legally take your property if you don’t pay your taxes. This is called a federal tax lien. The lien protects the government’s interest in all your property, including real estate, personal property and financial assets. A federal tax lien exists after: When the IRS files the Notice of Federal Tax Lien, it … Read more
Being turned down by a mortgage lender, especially after preapproval, can be a huge disappointment. If this has happened to you, though, you shouldn’t give up hope – there’s a reason for it, and there are strategies you can adopt to avoid denial in the future. Let’s look at how often and why mortgage applications … Read more
Could I pay off a 30-year mortgage in 15 years? What’s the difference? A lot of homeowners have to choose between a 30-year and a 15-year fixed mortgage. The 15-year mortgage lets you pay off your home faster and save a lot on interest costs, while the 30-year mortgage has lower monthly payments. But what … Read more
To understand available credit, it might help to imagine that youâre borrowing cash from a friend. Say your friend loans you $10 and you spend $4. If the original $10 you borrowed represents your credit limit, the $4 you spent is your current balance. And the $6 you have left is your available credit. Learn … Read more
It was passed in 2003 and is called the Fair and Accurate Credit Transactions Act (FACT Act or FACTA). It is a major federal law that protects consumer rights and stops identity theft. We’ll talk about what the FACT Act does, its main parts, and why it’s important for consumers in this article. A Brief … Read more