People who work in jobs that depend on tips, like bartending or serving, should have more transactions that are paid for in cash. It can be risky to pay cash for a car, though, because cash is harder to track, easier to fake, and easier to steal than a credit or debit card. That being … Read more
Banks verify your paystubs through a multi-step process, including cross-referencing with other documents and potentially using third-party verification services. This article will explain the various methods banks use to verify paystubs and how you can ensure your documents are accurate and up-to-date. Banks have a variety of methods to determine and verify your income when … 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
As a parent, you want the best for your kids in everything they do, from school to work to home life. Learning how to build credit can be part of that. Good credit scores can give young adults access to good rates and terms on credit. It could even help them when applying for a … Read more
Taking out multiple mortgages is possible, but also complicated. Having two mortgages at the same time requires careful planning and consideration of how it will impact your finances. While it may make sense in certain situations, there are risks involved that you’ll need to weigh before moving forward. Is It Possible to Have 2 Mortgages? … Read more
Don’t wait to call your mortgage servicer if you can’t pay your mortgage or think you might miss a payment. You should also contact a HUD-approved housing counseling agency to get free, expert assistance on avoiding foreclosure. Hey there, friend! Ever wondered if you can just stroll up to your lender with a fat stack … Read more
Making mortgage overpayments can help you save money in interest and clear your mortgage sooner. But first you should find out if there are fees or limits on how much you can overpay, and you should be sure that it’s the right thing to do for you. If you’re considering overpaying on your mortgage, it’s … Read more
Credit score calculated based on the FICO® Score 8 model and is provided for educational purposes. American Express and other lenders may decide whether to give credit based on a FICO® Score version other than FICO® Score 8 or on some other type of credit score and other data. FICO is a registered trade mark … 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 credit scores are based … Read more
The FHA loan program, insured by the Federal Housing Administration, has long been a popular option for homebuyers, especially first-time buyers. But over the last decade or so, the percentage of buyers obtaining FHA financing has been on a downward trend. The Declining Popularity of FHA Loans At its peak in 2009, FHA loans accounted … Read more