The types of bills that affect your credit scores are those that are reported to the national credit bureaus. This includes consumer debts and unpaid bills turned over to collections. Payments that are eligible for Experian Boost may also help your credit score if they show up on your Experian credit report. The only way … Read more
A frequently-asked question is whether a mortgage borrower receives any benefit from paying before the due date. In most cases, the answer is ânoâ, but there are a few exceptions. When you pay off a simple interest mortgage, like a home equity line of credit (HELOC), early payment does save you money. In some cases, … Read more
After you’ve gotten that first or second big paycheck as a doctor, you may be wondering if you should make an extra (principal-only) mortgage payment. You may have been told that as a homeowner, this is a great way to reduce your loan term or the total interest paid over the life of your loan. … Read more
Roughly 66% of cars financed go to borrowers with scores of 661 or higher, but those with lower scores have options. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their … Read more
Debt-to-income (DTI) ratio compares your recurring monthly debt payments against your monthly gross income, expressed as a percentage. Hey there, fam! If you’re wondering, “Is a 30% DTI good?” let me hit ya with the quick answer right off the bat Hell yeah, it’s darn good! A 30% Debt-to-Income (DTI) ratio means you’re in a … Read more
If you get a windfall of cash, you might want to invest it if the rate of return is likely to be much higher than the interest on your mortgage. However, there are other factors to consider. The pros and cons of paying off a mortgage early depend on the borrowers financial circumstances, the loans … Read more
The five Cs of credit are important because lenders use these factors to determine whether to approve you for a financial product. Lenders also use these five Cs—character, capacity, capital, collateral, and conditions—to set your loan rates and loan terms. Hey, have you ever been stressed out over a loan application and wondered what the … Read more
As a 1099 contract worker, you may wonder if you can qualify for an auto loan to buy a car, since you don’t have a regular W-2 salary and paystub. The good news is, yes you can definitely buy a car with a 1099! However, the process is a bit different than it is for … Read more
It is very likely that paying off a credit card will improve your score, especially if you were using more than 30% of your credit limit. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something … Read more
Getting approved for an Amazon credit card can save you a lot of money on your online shopping Amazon offers two different credit cards – the Amazon Prime Rewards Visa Signature Card and the Amazon Rewards Visa Signature Card Both cards offer generous rewards and benefits for shopping on Amazon.com and Whole Foods. But like … Read more
