Even after you pay a collection account, it stays on your credit report for seven years. However, you can dispute collection accounts that are inaccurate. You may even be able to persuade a collection agency to remove the account once youâve paid it. Although paying off accounts in collections is generally a good idea, it … Read more
How Long Does FHA Underwriting Take in 2021? What You Need To Know Some steps in the FHA loan process take a long time. One of the longest is often the underwriting process. If you want to buy a house in 2021, you may be wondering how long FHA underwriting takes. During the underwriting process, … Read more
When applying for a mortgage, your credit scores play an important role in determining whether you’ll get approved and the loan terms you may receive. But with multiple scoring models available, you may wonder – do mortgage lenders use FICO 9? The short answer is: Not yet, but they likely will in the future. Let’s … Read more
Buying a house is an exciting milestone in life. In many parts of the country, the median home price is around $200,000, so a $200,000 house is a common goal for people who are buying their first home. But getting a down payment together can be hard, especially for buyers who are on a tight … Read more
Thereâs no specific number of hard inquiries thatâs too many or too few. Although some hard inquiries might hurt your credit scores a little, credit scoring models also ignore many hard inquiries when consumers shop for a new loan. There is no set number of hard inquiries that will hurt your credit score. Your credit … Read more
The American Express Centurion Card, more commonly known as the “Black Card,” is one of the most exclusive and prestigious cards in the world. It’s shrouded in mystery and intrigue, catering to the ultra-wealthy who live luxurious lifestyles. But just how rich do you need to be to get the Amex Black Card? What is … Read more
This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature. If you have an 810 credit score, congratulations. The score is considered excellent and could help you qualify for loans with more favorable terms or premium rewards credit cards. Let’s take a … Read more
Ready to tackle your mortgage and get it paid off in 7 years? First, let’s get a few things straight: Ready to ditch your mortgage years ahead of schedule? It’s time to get strategic! These proven methods will show you exactly how to accelerate your payoff and achieve financial freedom faster. Let’s get into the … Read more
Is It Better to Refinance or Just Pay Extra Principal? Many homeowners face the dilemma of whether it is better to refinance their mortgage or just pay extra towards the principal balance. With mortgage rates fluctuating and home values rising, it can be a challenging decision. This article will examine the key factors to consider … Read more
A gold bank card is a type of credit or debit card that provides premium benefits, services, and cachet But what exactly does it mean to have a gold card? Let’s break it down. Gold Cards Offer Elite Status It’s more important to have a gold card than a regular credit card. They signal a … Read more