For most conventional mortgages, lenders want you to have a credit score of at least 620. However, the minimum score varies by loan type. The minimum credit score needed to buy a house can range from 500 to 700, but will ultimately depend on the type of mortgage loan youre applying for and your lender. … Read more
Many Americans are feeling the financial squeeze from multiple directions right now. For starters, stubbornly high inflation, which is currently running at around 3. 5%, has driven up the cost of essentials like food, housing and energy. Also, the Federal Reserve has been trying to control inflation by keeping its benchmark rate at a 23-year … Read more
Hey there friend! If you’re sittin’ there wonderin’ “How do I swipe my credit clean?” you ain’t alone. We’ve all had them moments where we peek at our credit report and think, “Man, what a heckuva mess!” Maybe you’ve got late payments, collections, or some weird account you don’t even recognize. You’re dreamin’ of wipin’ … Read more
Its generally — but not always — a seamless process, and some redemptions have more value than others. Many or all of the products on this page come from partners who pay us when you click on their links or do something on their websites. This doesn’t change how we rate or review the products, … Read more
According to the Government of Canada, a credit score is a 3-digit number that represents how likely a credit bureau thinks you are to pay your bills on time. 1 It can be an important part of building your financial confidence and security. 1 For example, building a good credit score could help you get … Read more
Most of us grew up thinking that studying and working hard was the secret to becoming wealthy. But these days, many have realized that it doesnt always work out that way. People’s finances can get worse during recessions, layoffs, inflation, and the housing market crisis. This can make the gap between the rich and the … Read more
Many banks don’t limit the amount of cash you can deposit. But if you deposit more than $10,000, the bank and the federal government will have more rules about how you can use your money. If you have a substantial deposit to make, know that holding more than $250,000 at the same bank—even in multiple … Read more
If you donât pay a debt, it can be sent to collections. If you don’t pay, your credit score will go down, and you could lose your property or have your wages or bank account seized. There are ways to deal with debt that will help you avoid more stress: you can file Chapter 7 … Read more
Foreclosure is a tough ordeal with major negative consequences for your credit. A foreclosure remains on your credit report and hurts your credit scores for seven years, but its impact fades over time. As if the pain of losing your home werent enough, a foreclosure does significant harm to your credit and remains on your … Read more
Hey there, dreamer! Ever pictured yourself unlockin’ the door to your very own home, but thought, “Nah, I ain’t got the cash or the credit for that”? Well, lemme tell ya, the FHA Loan Program might just be the key you’ve been lookin’ for If the idea of owning a place feels outta reach, stick … Read more