In the past, making a payment or admitting that you owed the money could start the clock on the limitations period all over again. This created a problem where the statute of limitations could be constantly restarted. The issue is often referred to as “zombie debt. “. In 2019, changes in the law aimed to … Read more
Getting a house is probably one of the most important financial choices you’ll ever make. Finally, your credit score is a big part of whether you can get a mortgage and what the terms of the loan are. One of the most important things to know before you buy a house is what credit score … Read more
You could hurt your home loan application by taking on new debts, changing jobs or otherwise calling your financial stability into question. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are … Read more
If you already have a credit card, itâs possible to get another card from the same issuer. It may even be preferable to you. As you explore your options, itâs worth looking at rates, bonuses, fees and rewards. Learn more about having two credit cards from the same issuer and some things to consider before … Read more
Here’s a little-known tactic for helping you get out of debt: biweekly credit card payments. A quick and easy way to get out of credit card debt and make sure you never miss a payment is to pay your bill every two weeks. Say you owe $5,000 on a credit card with a 17% interest … Read more
Life happens and sometimes you find yourself in a financial rough patch, unable to pay your bills. In the end, those bills may be sent to collections, where a third party will try to get the money back for the original creditor or business. If you have unpaid collections, you may be wondering about your … Read more
You’re ready to buy a car, but first you need to figure out the right way to finance it. The good news is that you have options: You can get your car loan from a bank or credit union, or you could go through the dealer. Both have their benefits and considerations, and it’s best … Read more
Navigating the world of loans often leads borrowers to wonder about the roles and influence of loan officers and underwriters. Many ask, “Can a loan officer influence an underwriter?” Understanding this dynamic is crucial for anyone involved in the mortgage process. Lets dive deep into how these two essential players interact, how their roles differ, … Read more
The current average mortgage rate for someone with a good credit score (700) was 7. 42% as of January 3, 2025, according to Curinos data. Your credit scores can directly impact your eligibility for a mortgage and the interest rate you receive. You may need a score in the high 700s (or higher) to get … Read more
You may already know that your credit score is mostly based on how well you’ve paid back loans and credit cards in the past. But according to the Consumer Financial Protection Bureau (CFPB), paying your utilities, rent and cell phone bills could also be a factor. When it comes to credit scoring, those types of … Read more