Paying a stranger to add you as an authorized user on their credit card may seem like a good way to build credit. But the practice of buying tradelines is considered to be deceptive by creditors, and it may not have the impact youre hoping for. One way to raise your credit score is to … Read more
Carrying debt has become a lot more expensive than it was just a few years ago — and thats due, in major part, to the current rate environment. Right now, the average credit card interest rate is sitting close to record highs of nearly 22%, and if your credit profile is less than ideal, you … Read more
The steps you take to improve your credit score will depend on your unique credit profile. In general, its important to understand the factors that influence your score, including your payment history, amounts owed, length of credit history, credit mix and new credit. You can raise your credit score in a number of ways, such … Read more
Selling a home can result in a significant capital gains tax liability, but there are several ways to reduce this burden. Here are four effective strategies to minimize capital gains on the sale of your home: When you sell your home at a profit, you may owe capital gains taxes on the difference between what … Read more
A credit reporting agency, also called a credit bureau, is a business that gets your credit history from different lenders. They use this information to create your credit report. There are three main credit reporting agencies in the United States—Experian, Equifax, and TransUnion. What Credit Bureau Does Discover Report To? Uncovering The Facts Have you … Read more
If you know what to do, you could end up with a good deal Part of the Series Foreclosure. Buying a HUD home, or a home from the U. S. a program run by the Department of Housing and Urban Development (HUD) that might help you find a cheaper home. HUD homes are those that … Read more
If your credit score is 706, you are right in the middle. At the end of 2021, Experian said that the average American consumer had a FICO Score of 714. A score between 670 and 739 is usually thought to be good. Most lenders consider an 706 credit score to be an average credit score … Read more
If you have good credit, you may be able to get a better interest rate on a new loan, credit card, or mortgage. The interest you pay on your loan over its life will be hundreds to thousands of dollars less if you do this. To improve your current and future standing, you need to … Read more
There are risks involved with investing, and you could lose the money you put in. Investment products are not backed by the FDIC, are not deposits or other obligations of, or insured by, First Federal Bank of Kansas City. First Federal Bank of Kansas City does not provide legal, tax or accounting advice. We recommend … Read more
Real estate investing can be very profitable, but many would-be investors have trouble making the initial down payment. With property prices rising, putting down 20% or more can tie up a lot of capital. Thanks to creative financing options, it is possible to buy investment properties with little to no money down. Why Pursue 100% … Read more