You may have heard that account balances “fall off” your credit report after seven years, leaving you with no old debts to pay. Since so much time has passed, you may be ignoring those calls to pay an old credit card or medical bill because you think you’re out of trouble. But while it’s true … Read more
Are you unemployed and looking for a no income loan? Those who need to borrow money without income verification may think it’s challenging to get a loan with reasonable interest rates and manageable payback terms, but this is just not the case!. There are many emergency loan options when you have no job or don’t … Read more
Since the end of the 17th century, checks have been commonplace in Western civilization. While innovative digital payments — such as peer-to-peer (P2P) payments and digital wallets — have dominated the financial scene over the last decade, physical checks are still in use. If youve recently received a check, you may want to convert this … Read more
The amount you borrow with your mortgage is called the principal or the mortgage balance. Each month, part of your monthly payment goes toward paying off the principal and part pays interest on the loan. Interest is what the lender charges you for lending you money. The part of your payment that goes to principal … Read more
Hey there, friend! If you’re wondering, “Is it a good idea to buy a house with cash?” then you’ve come to the right place. I’ve been down this path, calculating costs and worrying about whether to buy a house with a lot of cash or take out a mortgage to be safe. Spoiler alert: there … Read more
Hey there, if you’re staring down the barrel of missed mortgage payments and the word “foreclosure” is keepin’ you up at night, I feel ya. I’ve seen folks in this exact mess, wonderin’ if there’s a way out without losin’ everything. So, can you give your house back to the bank and dodge that foreclosure … Read more
Hey there, family! You just spent a lot of money on a new crib, which is great! Now you’re looking at a brand-new car to park in the driveway. But wait, is it really okay to buy a car after buying a house? I get it—you want to ride in style—but let’s talk about how … Read more
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Heres an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy. Bankrate logo. Founded in 1976, Bankrate has a long track record of helping people make smart financial … Read more
When you still owe the IRS for past taxes, it’s likely that the agency will be more willing to work with you—such as allowing you to pay your tax in monthly installments. To find out more about how owing the IRS will affect your credit watch this video. Hello, I’m Scott from TurboTax, with important … Read more
If you fail to repay a debt and your lender sells that debt to a collection agency, you can end up with two negative entries in your credit reportâone for the original debt, and one for the collection account. The open date for a collection account may be months or even years after the original … Read more