In a Nutshell Experian vs. Credit Karma: Which is more accurate for your credit score? You may be surprised to know that the simple answer is that both are accurate. Find out how the two companies get your credit score, why you have more than one credit score, and what makes them different below. If … Read more
Your credit health impacts your financial well-being and ability to achieve long-term financial goals. By regularly checking your credit report and score, and increasing your financial literacy, you will know what areas to focus on to develop a strong credit profile. Your credit score is one of your most important financial metrics It gives lenders … Read more
If you are a homeowner with a conventional mortgage who makes monthly payments on your home, you may have heard about biweekly mortgage payments as an alternative to traditional payment plans. The logic is that increasing the frequency of the payments reduces the interest that builds up and, over the course of a 30- or … Read more
Its an age-old question we receive, and to answer it requires that we start with the basics: What is the definition of a credit score, anyway?. Generally speaking, a credit score is a three-digit number ranging from 300 to 850. Credit scores are calculated using information in your credit report. Your payment history, the amount … Read more
According to the Government of Canada, a credit score is a 3-digit number that represents how likely a credit bureau thinks you are to pay your bills on time. 1 It can be an important part of building your financial confidence and security. 1 For instance, improving your credit score could help you get loans … Read more
Its an age-old question we receive, and to answer it requires that we start with the basics: What is the definition of a credit score, anyway?. Generally speaking, a credit score is a three-digit number ranging from 300 to 850. Credit scores are calculated using information in your credit report. Your payment history, the amount … Read more
If you’re considering refinancing your home, you might have heard the term “netting your escrow account. ” It’s an important concept that can save you time and money. But what does it mean, and why should you care? Let’s break it down and explore the benefits of netting your escrow account with your current lender … Read more
Your credit score is one of the most important numbers in your financial life. It determines whether you can get approved for credit cards, loans, mortgages, and other financial products. It also influences the interest rates and terms you’ll be offered. So what exactly is a 789 credit score, and why does it matter so … Read more
Buying a home is a big step, and if you have a 550 credit score, you might be wondering if it’s even possible. Yes, you can buy a house even if you have bad credit. You may just have to put in a little more work. You’ll need to look into different loan programs, find … Read more
What actually happens when your mortgage payment is late? The answer can vary from person to person based on your financial history, your loan’s specific rules and how late your payment is. We’ll go through the entire late mortgage payment timeline in detail — including the grace period — so you know your options if … Read more