Credit scores as low as 620 are usually enough to get a loan, but higher scores can help you get better interest rates and loan terms. Getting a mortgage can be hard because there are a lot of things that lenders look at. One of the most important things they look at is your credit … Read more
Credit cards can be powerful tools to help borrowers achieve financial goals or build a credit history. However, many credit card users are unaware of how quickly debt can add up. Without careful spending, it’s easy to find yourself facing significant bills. Credit card debt can sneak up on you quickly. It’s easy to get … Read more
The advice in this article is offered by the team independent of any bank or credit card issuer. This article might have content from our partners, and there are rules that apply to any deals that you click on or link to from this page. as of posting date, but offers mentioned may have expired. … 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
Your credit mix, or the different kinds of credit accounts you have, makes up 10% of your credit score. A good mix of credit can help your score, but it’s not the most important thing. If you want to improve your credit mix, let’s look at what a good credit mix looks like. What is … Read more
Does AmEx have a 5/24 rule? No; in fact, the AmEx welcome bonus rules work differently than Chase. Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions … Read more
It is a negotiation with your mortgage lender to create a new agreement that modifies the original terms of your mortgage. If you have a long-term inability to pay your mortgage, a loan modification could be an option if you wish to keep your home. A loan modification typically involves contacting the servicer for the … Read more
Here’s something you should know about us: We hate credit scores. Yep—they’re bogus. But even though they’re nothing more than a measly “I love debt” score, you shouldn’t ignore them altogether . especially since your score is tied to your credit report. Even if you’re debt-free and don’t care what big banks and lenders think … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. The advice in this article is offered by the team independent of any bank or credit card … Read more
If you’re just starting to look for a home, you may have heard of FHA loans. But what does “FHA” stand for, and why should you think about getting one? An FHA loan from the Federal Housing Administration (FHA) could be a good choice for you if you have debt or bad credit. You might … Read more