Often, our clients want to know how long do tradelines take to report and post to their credit files. Each tradeline is an account that reports monthly. This means, the bank collects all the information associated with that tradeline (the age, limit, balance, payment history, authorized users, etc. ) and sends it to the credit … Read more
Withdrawing funds from your 401(k) retirement account is a major financial decision that requires careful consideration. Many people wonder if tapping into their 401(k) could negatively impact their credit score. The short answer is no, taking money out of your 401(k) does not have an effect on your credit score or show up on your … Read more
For some people, the idea of paying more than what they have to each month on their mortgage may seem crazy at first. But upon more in-depth analysis, overpaying your mortgage can often make plenty of sense. Of course, you should give this a lot of thought before deciding whether to put more money toward … Read more
Credit cards are useful for everyday spending, large one-time purchases, balance transfers to take advantage of a lower interest rate and more. If you have one or more credit cards you rarely use, there likely won’t be a penalty fee or immediate ding to your credit score if it sits untouched. However, a card issuer … Read more
Financial institutions try to lower the risk of lending money to people by checking the credit of people and businesses that want to open a new credit account or loan. This review process is based on a review of five key factors that predict the probability of a borrower defaulting on his debt. Called the … Read more
Find out how much house you can borrow before you start looking – and how you can make the strongest offer possible on the property you choose. Many people have already told you that if you want to buy a house, you should think about getting prequalified or preapproved for a mortgage. Itâs time to … Read more
The Tax Cuts and Jobs Act of 2017 had several implications for refinancing. Understanding the new tax rules can help you minimize your tax burden after you refinance your house. In this article, we’ll talk about some of the deductions you can claim on your federal taxes after a refinance, and how long you can … Read more
This is great if you need to buy a new car but don’t have the cash. A car loan can save the day. And getting an auto loan with a repayment period that’s on the longer side can be an easy way to keep your monthly loan payments low. The standard auto loan is 60 … Read more
Credit scores are mysterious three-digit numbers that can have a huge influence on your financial life. As you take out loans and credit cards pay bills, and manage money your credit score goes up and down, determining the interest rates and terms you’ll be offered. With something so important, it’s natural to wonder how every … Read more
Understanding why mortgage rates vary by lender can help you select the right lender for your situation. Hey there, folks! If you’ve popped open your mail or got a call from your mortgage lender saying, “Hey, we wanna lower your rate!” and your first thought was, “What’s the catch?”—you’re not alone I’ve been there, squinting … Read more