At Upstart, we believe you’re more than your credit score. Your credit score is simply a number based on the information in your credit report, and doesn’t consider anything else. Still, it might be helpful to know what your credit score is and what it means for you. While there is no universal definition of … Read more
Prequalification is a key first step in the home purchase process for many borrowers. The soft inquiry for a mortgage won’t hurt your credit score, but it will show up on your credit reports. Find out if you can get a mortgage loan by getting prequalified. This will let you know how much you can … Read more
For Americans getting close to retirement age, paying off the mortgage after 30 years was a big deal. But these days, it’s not the norm for people to do that. According to research from Fannie Maes Economic and Strategic Research Group, baby boomers, those born between 1946 and 1965, are carrying more mortgage debt than … Read more
A personal bank loan is a type of loan that banks offer. It gives people a lump sum of money that they have to pay back over a certain amount of time. Personal bank loans can be used for many things and are an alternative to credit cards and home equity loans as a way … Read more
It is important to know your credit score before you go too far with the home buying process if you want to buy a house. Lenders will use your credit score to help determine the type of home loan and interest rate they can offer you. If youâre a home buyer with a brief credit … Read more
Being aware of your debt-to-income (DTI) ratio is just as important for managing your money as being aware of your credit score. More than 40% of Americans are looking for ways overcome debt, according to the 2024 Wells Fargo Money Study, and understanding your DTI ratio can help you make informed decisions about managing debt … Read more
What to know before you head to a dealership, and what to ask once you’re there Finding the right car and then negotiating the best price can be a whirlwind experience. So, what do people who just bought a new car wish they had thought about more carefully? We asked CR followers on social media … Read more
Lenders will look at your credit report and score when you apply for an auto loan to see how creditworthy you are. But not all credit scores are the same. Auto lenders rely heavily on your FICO Auto Scores, which are unique credit scores designed to measure the risk of lending money for cars. In … Read more
Your credit score may have gone down because you missed or paid a bill late, recently applied for new credit, ran up a big credit card balance, or closed a credit card account. Your credit score can drop for a number of reasons, including a recent late or missed payment, an application for new credit … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Bankrate is always editorially independent. While we adhere to strict , this post may contain references to … Read more