Although the tax laws have changed, in some cases you can still deduct interest paid on your home equity loan or home equity line of credit (HELOC). The IRS says that you can deduct the interest you pay on a home equity loan (HELOC) that was used to “buy, build, or substantially improve” the home … Read more
Most likely, one of the last things you want to think about when a family member dies is taking on their debt. But debt collectors could make this difficult situation even worse by contacting you. If youâre not sure how debt inheritance works or how to handle financial matters after a death in the family, … Read more
A few late payments are not an automatic “score-killer. ” An overall good credit history can outweigh one or two instances of late credit card payments. However, having no late payments in your credit report doesnt mean youll get a “perfect score. ” Your payment history is just one piece of information used in calculating … Read more
Should you really want to buy a Mercedes-Benz but are worried about how to pay for it? There are many financing options that can help you get into your dream car, whether it’s a convertible, sedan, or SUV. Some of the most common ways to get Mercedes-Benz financing have been looked at to help you … Read more
Getting a mortgage for a home purchase is exciting but comes with financial responsibilities. Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. PMI adds to your monthly payment and delays homeownership. However, there are strategies to eliminate PMI, including getting an appraisal. This blog … Read more
Buying a new car is an exciting experience. However, the monthly payments can be daunting, especially if you are financing a more expensive vehicle. When shopping for a $40,000 car, it’s important to understand all the factors that go into determining your monthly payment amount. In this article, we’ll walk through the key details and … 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
We all love Netflix because it has so many movies, TV shows, and documentaries to choose from. Netflix makes our lives more fun because it is one of the best streaming services in the world. But, like most subscription services, Netflix needs you to keep paying for it to keep your account active. What happens … Read more
It might seem like you only borrow money when you don’t have enough, but that’s not the case. There are many wealthy people who take on debt; they just do it in different ways than their less-well-off counterparts do. Of course, not every rich person has exactly the same money habits. But here are four … Read more
If you have a 401(k) and you want to take a mortgage loan, find out if the mortgage lender considers the 401(k) debt during the approval process. 3 min read. When you apply for a mortgage loan, the lender will look at your income and debts to see if they will let you borrow money. … Read more