When you have a judgment against you, your credit takes a big hit. It could eventually cause your bank accounts to be frozen, your wages to be garnished, and your property to be taken away. This sounds like a scary process, and it really can be. The most important thing you can do is understand … Read more
If you got a mortgage to pay for your house, you probably agreed to pay back hundreds of thousands of dollars. For this reason, lenders wont lend to just any borrower. You can expect a lender to closely review your financial health, including your credit score, before giving the stamp of approval. Heres what credit … Read more
In the United States, it is legal to buy a house at the age of majority, which is 18 years old in most states. Reaching the age of majority empowers individuals to sign legal agreements and complete real estate transactions. Before reaching the age of majority, individuals can legally own property by being placed on … Read more
This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature. If you’re in the market for a new (or new-to-you) set of wheels with plans to finance it, predicting your interest rate will help you figure out the total costs of the … Read more
You have the right to file disputes to get inaccurate late payments removed from your credit report by contacting your creditor or the credit bureaus to remedy the issue. You have the right to try to remove a late payment from your credit reports if it was reported in error or the late payment was … Read more
It is always hard when a loved one dies, but getting an inheritance may help ease the pain and let you know that the person who died loved you. Naturally, you and other Detroit residents would want to put an inheritance to good use, such as purchasing furniture or going on vacation. You might also … Read more
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Mortgage rates have been hovering in the high 6 percent range for a 30-year fixed loan, but some states see tougher odds of homebuyers getting approved. As shown in a new report from the National Association of … Read more
A credit score increase can be a welcome surprise, but it may have you wondering why. Several things can cause your credit score to go up, and they all have to do with changes to your credit report. Some of the most common reasons for an increase in credit score are paying off credit card … Read more
Imagine if you took a test, and then your grade on that test followed you around for years. Â Youâre applying for an apartment, and your landlord looks at your grade. You almost have that great job offer in hand, but first, your new boss has to check your results. Before you can get approved … Read more
Mortgage churning is an unethical practice employed by some lenders to generate extra fees and commissions from borrowers. It involves convincing existing mortgage holders to refinance their loans frequently, often with no clear financial benefit. Churning is illegal and unethical. But it still happens, often targeting less financially savvy borrowers. Learn more about mortgage churning, … Read more