When you’re barely scraping by month-to-month, getting out of debt can seem like a lost cause. When traditional debt reduction techniques (like the snowball and avalanche methods) aren’t working with your current paycheck, it can feel like you’re headed for a financial natural disaster. This doesn’t have to be the case. Break the cycle with … Read more
Your credit card account comes with a preset spending limit: your credit limit. When you apply for a credit card, the company will decide how much you can borrow based on your income and credit history. Understanding how your credit limit works may help you manage your credit card responsibly and qualify for a higher … Read more
If you’re new to the world of buying real estate, you’ll quickly discover that you have lots of choices when it comes to selecting the right lender and the right home loan. When you’re ready to buy a house, you should compare 15-year and 30-year mortgages to see which one makes the most sense for … Read more
This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature. Your credit card closing date marks the end of your billing cycle, which determines how much you’ll owe when your credit card payment comes due. On the other hand, you need to … Read more
Intuit has agreed to acquire Credit Karma for approximately $7. 1 billion in cash and stocks, the companies announced Monday. Intuit (INTU) is the maker of tax preparation software TurboTax, small business accounting software QuickBooks and personal finance manager platform Mint. The acquisition of Credit Karma pushes Intuit (INTU) further into the world of consumer … Read more
FICO Score 8 is one of the many different versions of FICO credit scores. Since FICO Score 8 was launched, two newer versions of base scoresâFICO Scores 9 and 10âhave been released. However, FICO Score 8 remains one of the most widely used FICO credit scores. Find out more about FICO 8, such as how … Read more
How Can I Clean My Credit in 60 Days? A Comprehensive Guide Having a good credit score is essential for getting approved for loans, credit cards, mortgages, rental applications, and even jobs Unfortunately, mistakes can happen that damage your credit – late payments, collections, foreclosures, and bankruptcies all negatively impact your score The good news … Read more
Buying a house is an exciting milestone but saving up enough money for a down payment can be challenging. If your bank account balance is low you may wonder if it’s possible to purchase a home without paying anything out of pocket. The good news is that with the right loan program and preparation, you … Read more
Retirement is something most people dream of — and part of that dream is debt-free living. But what if you’re headed into retirement with a mortgage? If you are, you’re certainly not alone. GOBankingRates spoke with financial experts to get the low-down on whether or not you can — or should — retire with a … Read more
The Federal Housing Administration (FHA) has more lenient borrowing requirements than some other types of home financing. The catch: extra FHA closing costs. Before you apply for an FHA loan, learn more below about what you’ll pay. Key takeaways. Getting an FHA loan to buy a house can be a great option, especially for first-time … Read more