You’ve just checked your credit report and noticed an inquiry you did not authorize. If you do not recognize this hard inquiry, you could potentially be at risk of fraud. You’ll want to investigate the inquiry immediately so that your credit score is not damaged in the future. There are a few things you should … Read more
Hey there, friend! If you’re thinkin’ about a cash-out refinance to tap into your home’s equity, you’ve probably got one big question burnin’ in your mind: how much should closing costs be on a cash-out refinance? Well, lemme lay it out straight for ya. On average, closing costs for a cash-out refinance run about 3-6% … Read more
The five Cs of credit are important because lenders use them to decide if they will give you a loan or debit card. Lenders also use these five Cs—character, capacity, capital, collateral, and conditions—to set your loan rates and loan terms. Hey there business peeps! If you’re hustlin’ to grow your company or just need … Read more
A 620 credit score is typically what you’ll need to get a mortgage for a home purchase. You can buy a house with a credit score as low as 500, but the rate will be higher and the down payment will be bigger. You’ll also have to pay a bigger mortgage every month, which will … Read more
If you’ve ever wondered, “What is APR on a loan?” then you’ve come to the right place. I’ll explain it in simple terms, without any complicated financial language. APR, or Annual Percentage Rate, is the cost of borrowing money each year. It’s important to know this when you take out any kind of loan, like … Read more
If youâre worried that pulling your credit will lower your credit scores, donât be. Checking your credit is a soft inquiry, which means it wonât cause your scores to drop. And actually, checking your credit reports and credit scores regularly can be a good idea. If you monitor your credit, you could catch errors on … Read more
You may want to cancel a credit card to cut back on your spending or to stop paying the associated fees. Before you cancel, consider how ditching that credit card could impact your credit score and finances. Hey there, family! You’ve come to the right place if you want to know “how much does your … Read more
A good credit score can help you get lower interest rates on credit cards and loans, increase your approval odds when applying to rent a house and potentially even lower your insurance premiums. To get the benefits of good credit, though, you’ll need to work on it and stay away from mistakes that can hurt … Read more
What is clear is that there are several important laws and financial rules for stay-at-home spouses. Enmeshed in complicated government regulations, many homemakers are not aware of how their no-paycheck status impacts whats in their wallet today and their future financial security. “They just dont know their rights,” says Amy Matsui, senior counsel with the … Read more
Hey there friend! If you’re sittin’ there wonderin’, “How much extra should I pay on my car payment?” you’ve come to the right spot. I’ve been down that road, stressin’ over car loans and dreamin’ of the day I’d be debt-free. Lemme tell ya payin’ a lil’ extra on your car payment can work wonders—savin’ … Read more