This is a normal part of the debt collection process. It applies to most common types of consumer debt including: Having a debt in collection on your credit report can be annoying, even if you’ve already paid it off. Collections can hurt your credit score a lot, which can make it harder to get loans, … Read more
Hello, friend! If you want to know “how can I raise my FICO score 20 points,” you’ve come to the right place. Believe me, I know what it’s like to worry about every little thing on your credit report. I’m going to tell you how to quickly raise your score. If you want to get … Read more
Spot loans are designed to provide speedy financing to borrowers facing an unexpected expense — but that fast cash often comes at a high price. If youre considering a spot loan, be sure to understand the pros and cons before pulling the trigger. Hey there, friend! You’ve come to the right place if you want … Read more
When you click on product links, like credit card links, from one or more of our advertising partners, we may get paid. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone. American Express is well-known … Read more
When you buy a home, do you know what costs and cash you’ll need to pay at closing? If you aren’t sure what “cash to close” means, what your closing cost amounts are or how to pay them, read on to learn more. Closing on a house can be hard to understand, especially when it … Read more
Your credit utilization ratio is important even if you pay your bills in full. You could have a high credit utilization if your card issuer has already reported your cardâs balance to the credit bureaus prior to your payment. You wont accrue interest on your purchases if you pay your credit card bill in full … Read more
Hey there, family! You just spent a lot of money on a new crib, which is great! Now you’re looking at a brand-new car to park in the driveway. But wait, is it really okay to buy a car after buying a house? I get it—you want to ride in style—but let’s talk about how … Read more
When you want to buy a house, you work hard to make sure all of your financial plans are in order. As you pull together the paperwork, you may be wondering if you’ll be required to provide your tax returns to purchase a home. The short answer is: maybe. Some types of loans do require … Read more
According to the Government of Canada, a credit score is a 3-digit number that represents how likely a credit bureau thinks you are to pay your bills on time. 1 It can be an important part of building your financial confidence and security. 1 For example, building a good credit score could help you get … Read more
It’s good practice to make a down payment of at least 20% on a new car and 10% for used. A larger down payment can also help you qualify for a better interest rate. But how much a down payment should be for a car isn’t black and white. If you can’t afford 10% or … Read more