This page will tell you what you need to think about before you apply for a mortgage if you’re worried that your low income will keep you from getting one. As a low-income person, it can be hard to get approved for a mortgage. UK home prices are very high, so many people who want … Read more
Paying off debt while also saving for retirement can be a tricky balancing act. On one hand getting rid of high-interest debt like credit cards should be a priority to stop extra fees and interest charges from piling up. On the other hand, consistently contributing to your 401k is crucial to grow your nest egg … Read more
Even after you pay a collection account, it stays on your credit report for seven years. However, you can dispute collection accounts that are inaccurate. You may even be able to persuade a collection agency to remove the account once youâve paid it. Although paying off accounts in collections is generally a good idea, it … Read more
If a debt collector contacts you, use the opportunity to find out about the debt, which will help determine if they’re legitimate and if you really owe it. When a debt collector calls you for the first time about a debt, they are usually required by law to give you certain information about the debt … Read more
Hey there! So, you’ve got a 777 credit score, or maybe you’re just curious if that number is any good. Well, lemme tell ya straight up—yes, 777 is a damn good credit score! It’s considered “Very Good” and sometimes even “Excellent,” sitting way above the average. With a score like that, you’re in a sweet … Read more
Hey, family! If you’re wondering if putting extra money toward paying off your mortgage is saving money, you’ve come to the right place. I’ll tell you the truth: it does kind of count as savings, but there’s a catch (isn’t there always one?) Paying off your mortgage, especially the principal, raises your net worth by … Read more
Mortgage lenders use classic FICO Scores if they plan to sell the loan to Fannie Mae or Freddie Mac, which happens with most mortgages. However, the types of scores are set to change in 2025, and lenders might use different scores for other mortgages. Mortgage lenders typically use FICO® ScoresÎ from each credit bureau to … Read more
Can Creditors Garnish a Joint Bank Account? When it comes to managing your money, having a joint bank account with your spouse or another family member can be helpful. But there are some risks when it comes to collecting debts. Creditors may be able to garnishee funds from a joint account to pay off the … 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. Bankrate is always editorially independent. While we adhere to strict , this post may contain references to … Read more
Into each life some debt must fall, to borrow the famous adage about rain. And just like April showers bring May flowers, the right kind of debt at different points in life can help you have a good future. Your first student loan, car loan or mortgage, for example, is often viewed as a rite … Read more