One of the best things you can do for your credit is to pay off your balance in full and on time every month. This keeps you from having to pay interest and shows lenders that you can handle your credit well. But what happens if you accidentally pay more than you owe on your … Read more
Most cards establish your initial spending limit when you apply, determining the maximum amount you can spend (or carry) at a given time. However, several American Express cards forego a traditional preset spending limit*—potentially allowing you to spend more on a case-by-case basis. This flexibility can be a major convenience for cardholders and is less … Read more
So, you’re struggling with debt and starting to catch up, one payment at a time. But how long does it take for debts that you’ve fully paid off to be taken off your credit report? A lot of people think that once a debt is paid off, it goes away right away. However, the reality … Read more
The current high inflation rate in the US has led to steadily increasing home mortgage rates, from around 3% in 2021 up to 7% in July 2023. There are different reasons to refinance a mortgage, but many people who are buying a home are planning to do so when interest rates on their mortgages drop … Read more
Paying your bills on time, lowering your credit card debt, staying away from debt that you don’t need, and keeping an eye on your credit reports will help you get your credit score above 700. If you want to qualify for lower interest rates and better credit card featuresâand enjoy a host of other benefitsâachieving … Read more
Having good credit is important for getting loans, mortgages, credit cards, and other financial products However, if you have bad credit, it can feel impossible to improve it Thankfully, there are many steps you can take to repair your credit on your own without having to pay credit repair companies. In this comprehensive guide, we … Read more
Having a closed account on your credit report can hurt your credit score. Because of this, you may be wondering if you can reopen a closed account and get it taken off your report. Yes, you can sometimes reopen an account that has been closed. But this isn’t always the best choice, and there are … Read more
For millions of people, owning a home is a quintessential part of the American dream. But with so many young adults having outstanding student loans, the dream of homeownership can seem like an unrealistic fantasy. According to a 2021 survey released by the National Association of Realtors, 29% of student loan borrowers said their debt … Read more
You generally need a credit score of 580 or higher to qualify for a personal loan. And youll typically need a score in the 700s to qualify for favorable terms. That said, theres no universal minimum credit score required to get approved for a personal loan. Personal loans are available to people with all kinds … Read more
When emergencies arise and you feel like you have nowhere else to turn, a payday loan may seem like a good idea. But it’s important to know how payday loans work and what the risks are of getting these short-term, high-interest loans. When it comes to payday loans, here are some things to think about: … Read more