Paying off the mortgage after 30 years was a rite of passage for Americans approaching retirement age, but this once-common scenario is no longer the norm. According to research from Fannie Maes Economic and Strategic Research Group, baby boomers, those born between 1946 and 1965, are carrying more mortgage debt than earlier generations and are … 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
When you buy a house, closing costs can be several thousand dollars. And coming up with the cash isn’t always easy. It makes sense to put closing costs on a credit card to avoid a sudden financial hit. But can you pay closing costs with a credit card?. Generally, the answer is no. Most mortgage … Read more
A FICO score of 826 puts you in rarefied territory It’s an exceptionally high score that less than 1% of people can claim But is an 826 FICO score good? The short answer is yes – it’s about as close to perfect as you can get when it comes to credit scores, In this article … Read more
In this article, we’ll delve into the intricacies of security clearances, exploring what they entail, the different types, and 5 automatic disqualifiers for security clearances. For many government and military jobs that require access to secret information, you need to get a secret clearance. But the process is very strict, and investigators look at your … Read more
You have to give some personal information, like your Social Security Number (SSN), when you open a Found account, even though it’s for your business. This is standard practice and serves several important compliance and verification purposes. When opening a new bank account, one of the first things you’ll be asked for is your social … Read more
If an item on your credit report was recently deleted, you might be surprised if you received notice that the item had been reinserted in your credit file. A deleted item could reappear on your credit report for a couple reasons. Read on to find out how this might happen and what you can do … Read more
You could elevate your credit score with tips such as making on-time payments, paying credit card bills more than once a month, becoming an authorized user and fixing credit report errors. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on … Read more
When you’re barely scraping by month-to-month, getting out of debt can seem like a lost cause. You might feel like you’re heading for a financial disaster if traditional ways of paying off debt, like the snowball and avalanche methods, aren’t working with your current paycheck. This doesn’t have to be the case. Break the cycle … Read more
Lending and borrowing money are fundamental aspects of our financial system. When a lender provides a loan to a borrower both parties stand to benefit in different ways. In this article, we’ll explore the key advantages for lenders and borrowers when entering into a loan agreement. Advantages for the Lender For lenders, issuing loans provides … Read more