Understanding how many credit scores you have can be confusing. Most people think they only have one credit score, but in reality, you likely have dozens or even hundreds of credit scores. This is because there are several factors that contribute to the number of credit scores you have. In this article, we’ll break down … Read more
The Platinum Card from American Express offers the highest credit limit to applicants. It’s important to know that American Express doesn’t list a minimum or maximum credit limit when they describe a card. This is because your credit limit will be based primarily on personal financial circumstances. That said, American Express notes that all of … Read more
Taking out a loan is a big financial decision. Getting cash quickly might help for a short time, but loans have fees and interest that must be paid back on time. A lot of people who take out loans want to pay them off as quickly as possible to avoid paying more interest. People often … Read more
Good debt is debt that you take on to achieve meaningful growth in your personal life or finances, like a mortgage or student loan. Bad debt is relatively expensive debt and debt that someone takes on for unnecessary expenses, like credit card debt. Some people consider any debt to be bad. Others take a more … Read more
Most commonly used in regards to bank failures, a bailout is when a business, individual, or government provides money to a failing company. This is with the aim to prevent that business’s potential downfall. That can include bankruptcy which leads to the business defaulting on its financial obligations. Bailouts were a strong tool in the … Read more
You’ve got some super and you’ve got a mortgage. Your super is yours and you want to pay-off your mortgage. Paying off your mortgage is a dream for many homeowners. It must be nice to finally own your home and not have to pay a mortgage every month after years of payments. If you have … Read more
Taking out a mortgage is a huge milestone for youâand your credit. For starters, building and maintaining the credit necessary to secure a mortgage is a big win. Responsibly managing a mortgage demonstrates your ability to pay loans on time, handle different credit types and maintain a large, long-term account, all of which can contribute … Read more
Someone may have told you a scary story about how they drove home in a brand-new car and then got a call telling them to bring it back to the dealership because the loan didn’t go through. Can a car loan be denied after approval? Though rare, it is possible to believe you are fully … Read more
Debt can feel like a heavy burden, but with some practical strategies, you can manage it effectively In this comprehensive guide, I’ll explain how to take control of your debt and set yourself up for financial success. Know Your Full Financial Picture The first step is gaining a complete understanding of your financial situation. Make … Read more
When you pay off your car loan, if you drop the comprehensive and collision insurance that your lender requires, your car insurance may go down. This could lower your insurance premiums, but also means paying more out of pocket for car repairs. Paying off your car is an accomplishment to savor. In addition to saying … Read more