When it comes to credit limit increases, your credit scores could be affected in a few ways. But it depends on how the increase happens and how an expanded credit limit is used. Hereâs some information to help you learn more about how increasing your credit limit could affect your credit scores. Getting offered a … Read more
It can be hard to make payments on time if you let your credit card debt build up over time. This is especially true in today’s high-rate credit card world. With credit card rates currently averaging over 20%, even small amounts of credit card debt can add up quickly, putting even the most careful borrowers … Read more
No homebuyer wants to hear the words, “Mortgage loan denied in underwriting. ” The good news? A denial doesn’t have to be the end of the road for obtaining a mortgage. By understanding the warning signs your mortgage will be denied, you can take the right steps to get your homebuying journey back on track. … Read more
Capital gains tax may be due if you sell a home whose value has gone up. This is because the home is a capital asset. However, thanks to the Taxpayer Relief Act of 1997, most homeowners are exempt from needing to pay it. If youre single, you will pay no capital gains tax on the … Read more
Having to deal with the IRS can be stressful, especially if you owe money and have to pay penalties and interest. It’s a good thing that the IRS might be willing to waive these fees sometimes. You can get the IRS to forgive fines and interest by following these steps. When Can the IRS Waive … Read more
Credit scores are an important part of your financial picture because they show lenders how responsible you are with money. You may, however, find that the credit scores you see on Credit Karma don’t always match up with other credit scores you see. This might make you wonder: How far off is Credit Karma? There … Read more
If your debt is in collections, you may have wondered whether debt collectors are allowed to blacklist you. The answer? Yes and no. Debt collectors are allowed to send you letters of demand and request a judgment against you. It’s illegal for them to do this, so no creditor will lend you money because you’ll … Read more
Which One Is Better Equifax TransUnion or Experian? When applying for credit, lenders will often check your credit report from one or more of the three major credit bureaus – Equifax, TransUnion and Experian. But is one bureau better than the others? Here’s an in-depth look at how these three credit bureaus compare. The Big … Read more
The best approach to debt repayment depends on your balances, interest rates and financial goals. Prioritizing high-interest debt should save you the most moneyâbut in some cases, it might make more sense to pay off your highest balance first. When it comes to paying off debt, it usually makes the most sense to prioritize high-interest … Read more
Navigating the mortgage labyrinth can feel like a high-stakes game of chess. Youre keen to make your move towards homeownership, but what you say to your lender could tip the scales in or out of your favour. Ever wondered if theres a little too much sharing going on during those meetings?. Securing a mortgage is … Read more