People’s money needs change over time, so what worked for them in the past might not work for them now. A credit limit is one example of this — if you’ve had a card for a while, you might want to know how to increase your credit limit. Also known as a credit line, your … Read more
One of the most important financial decisions you can make is getting a mortgage. It’s important to pick the right mortgage term length because it affects how much you pay each month and how long it takes to pay off your loan. Most people get 30-year or 15-year mortgages, but some people might also want … Read more
Buying a house is an exciting milestone, but it also requires careful budgeting, especially when taking out a mortgage. If you’re wondering how much the monthly payment would be for a $150,000 home, this comprehensive guide breaks it down step-by-step. Calculating Your Monthly Mortgage Payment Your monthly mortgage payment is comprised of four main components … Read more
Credit risk factors are elements that lenders consider when deciding whether to extend credit to a borrower. These factors help lenders evaluate the likelihood that a borrower will repay their debts as agreed. Understanding credit risk factors provides insight into how lenders assess creditworthiness and make lending decisions. Why Do Lenders Assess Credit Risk? Lenders … Read more
MarketWatch Guides may receive compensation from companies that appear on this page. The payment may change where, how, and when products show up, but it doesn’t change the suggestions the editorial team makes. Not all companies, products, or offers were reviewed. Find your best auto loan rate. Whether you want to free up your budget … Read more
Received a 1099-C form? Find out when canceled debt is considered taxable income, the exceptions that apply, and how to accurately report it to the IRS. Learn the implications of debt forgiveness on your overall tax situation. When your debt is too big to pay, you might be able to get your lender to forgive … Read more
Often, if using your credit card means incurring a fee, its better to pay another way. Why spend more than you need to? But in some cases, the fee might be outweighed by rewards. That was the case for Keith Rosso, 29, and his wife Liz, who recently bought a Tesla Model 3 with a … Read more
Getting calls from debt collectors can be stressful and scary. Your first instinct might be to ignore the calls and hope the problem goes away. But is avoiding debt collectors really the best approach? In this article, we’ll look at the pros and cons of answering debt collector calls so you can make an informed … Read more
Your credit utilization rate is an influential factor in your credit scores. This ratio indicates how much of the available credit on your credit cards youre using at a given time. While some financial experts recommend keeping your utilization rate at 30% or below, there is no magic threshold. In reality, you can never have … Read more
You may not even be aware that you’re in a trap if you have a lot of credit card debt. It’s easy to make the same mistakes over and over when using credit cards. This can lead to developing bad spending habits that are hard to break. You could get into so much debt that … Read more