Most approved borrowers have credit scores of 661 or higher, but there is no set score to get an auto loan. Having a credit score below 660 could make it harder and more expensive — though not impossible — to finance your car. Here is what you need to know about auto loan credit scores … Read more
Hey there, friend! If you’ve landed here, chances are you’re wondering, “Do Cabot buy debts?” Maybe you got a letter from Cabot Financial outta nowhere, and now you’re scratching your head about what’s goin’ on with your old credit card bill or loan. Don’t worry—I’ve got your back. We’re gonna dive deep into who Cabot … Read more
Factors including low credit scores and minimal credit history can lead to low credit limits. Improving credit scores can mean higher limits. There are a few reasons why a credit card company or other lender might give you a low credit limit. Some of these are your income, your credit history (or lack thereof), and … Read more
Theres not a one-size-fits-all solution for the number of credit cards a person should own. However, its generally a good idea to have two or three active credit card accounts, in addition to other types of credit such as student loans, an auto loan or a mortgage. Just remember: The number of credit cards you … Read more
You already know your credit scores matter when you apply for a credit card, make a major purchase like a home or car, or apply for a loan. But did you know that your credit history can affect your chances of getting a job or an apartment? Here are 4 ways that your credit history … Read more
The phrase “use it or lose it” is a good one to keep in mind when it comes to credit card habits. You can improve your credit score, avoid fees, keep your account open, and even get great rewards if you use your card often. This is a good start; just ask yourself (or us!) … Read more
Closing on a home loan can seem complicated and overwhelming, with stacks of paperwork, multiple parties involved, and a lot of money changing hands. However, understanding the step-by-step process that occurs during a typical loan closing can help you feel prepared and make the experience go smoothly. In this article, we’ll walk through exactly what … Read more
Youâve finally sold your house and are happy with the deal. Naturally, your next question is: When do I get my money after closing? Getting your money can take anywhere from a few days to a few weeks, depending on how you choose to be paid and how the closing goes. Â. Paying off your … Read more
Can Creditors Garnish a Joint Bank Account? When it comes to managing your money, having a joint bank account with your spouse or another family member can be helpful. But there are some risks when it comes to collecting debts. Creditors may be able to garnishee funds from a joint account to pay off the … Read more
Keeping your debt at a manageable level is one of the foundations of good financial health. But how can you tell when your debt is starting to get out of control? Fortunately, there’s a way to estimate if you have too much debt without waiting until you realize you can’t afford your monthly payments or … Read more