Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 791 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders better interest rates and product offers. Statistics show that only 1% of people with Very Good … Read more
When it comes to building and maintaining good credit, most people know the main factors that make up their credit score – payment history credit utilization, credit history length, credit mix and new credit inquiries. But what about your bank balances? Do your checking and savings account balances play a role in determining your credit … Read more
Hey there! If you’re wondering, “Does the mortgage have to match the deed?” then you’ve come to the right place. I’m here to tell you the truth. We get this question a lot at Moshes Law, and trust me, it’s important for anyone buying a home or having problems with their property. That being said, … Read more
As it pursues younger consumers, the card company not only needs to ensure its high fee-bearing cards hold enough value, but also that the value isn’t too difficult to access. Executives were deciding whether to serve a wider range of customers to get rid of the feeling of exclusivity or to focus more on the … Read more
In general, you cannot use a bank account to build credit. Thatâs because savings and checking account activity is not usually reported to credit bureaus, so it does not affect your credit scores. That said, some financial companies have introduced banking products with built-in features to help you build credit. Bank accounts can help you … Read more
Buying a car is an exciting experience However, determining how much your monthly payments will be for a $15,000 car loan can be confusing In this comprehensive guide, we’ll walk through everything you need to know to figure out your monthly payment for a $15k auto loan. What Factors Determine Your Monthly Car Payment? Your … Read more
A debt usually doesn’t go away until it’s paid, but in some states, creditors or debt collectors may only be able to take legal action for a certain amount of time. In many states, creditors and debt collectors can’t go to court to collect on an old debt because the time limit has passed. Some … Read more
You may want to cancel a credit card to cut back on your spending or to stop paying the associated fees. Before you cancel, consider how ditching that credit card could impact your credit score and finances. Closing a credit card and opening a new one is a common practice for many credit card users. … Read more
Your debt-to-income ratio (DTI) is an important part of how mortgage lenders evaluate your financial health. DTI ratios represent how much debt you have compared to your income. It’s important to know your DTI as you consider buying a home. If you have a high amount of debt compared to income, consider `lowering your debt … Read more
The steps you take to improve your credit score will depend on your unique credit profile. In general, its important to understand the factors that influence your score, including your payment history, amounts owed, length of credit history, credit mix and new credit. You can raise your credit score in a number of ways, such … Read more